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Technical Outlook For Copper, Oil, and Gold

Cory
January 3, 2018

Rick Ackerman is with us today to share his updated technical outlook for copper, oil, and gold. Rick has some higher target he is expecting. We also discuss what the move up in copper and oil are telling us about the global economy.

Click download link to listen on this device: Download Show

Click here to visit Rick’s website. It is well worth your time to at least sign up for his free email list to keep up to date.

Discussion
46 Comments
    b
    Jan 03, 2018 03:25 AM

    I know Rick doesnt do any Canadian, unfortunate.
    Canadian pot stocks are moving pretty good.

    About a week ago I got a mining news that was saying copper was ready to move.

    Golds seems steady lately but my goldshare list is still languishing.

    Jan 03, 2018 03:11 AM

    I thought I was smart buying back into ACB and Weed on Friday and selling for a nice 16% gain after a day. I would have been up 40% if I had held. I bought some dips today after the another bubble burst and they have bounced back up. I normally only trade US stocks. I sold out my XOP many days ago and that has shot up to 38.80.

      Jan 03, 2018 03:13 AM

      I had a $62 target for oil a while back but got out too soon as I had a lot of year ends to finish for December 31st and not enough time to track things.. It will hopefully correct soon.

    Jan 03, 2018 03:13 AM

    Hey b those pots are crazy. Funding my resource and small cap buying……have a look at c.rks. It has 2 more pots going public this year along with the 3 that already did this past year

    b
    Jan 03, 2018 03:16 AM

    cdn pot shares will go up until july 1, then they could explode up or down as thats when pot is legal.
    at least thats what I expect, but whatdoIno?

    I been saying for a long time pots been a good spot to be in while waiting for gold to do something.

    The question for me now is whats gonna do better pot or gold, after today its pot 1 gold zippo. lol

      CFS
      Jan 03, 2018 03:24 AM

      Sales projected at $3.9 billion in CA alone this year. I wonder how much will be lost to GDP in lost productivity. AI may have another reason for support.

      Jan 03, 2018 03:29 AM

      Question is when does saturation occur and supply becomes greater than demand…..some will go under eventually but that’s for 2019 and beyond

        b
        Jan 03, 2018 03:49 AM

        Wolf

        Been awhile since I did DD on potshares, but when I did it, it was years before demand could be met.
        That was a big point I made a few times, they(all of them) will sell 100% of product, at least recreational product, which is why I liked aurora.
        and 50 cent to what now? $14? is none too shabby while waiting for gold to move.

          Jan 03, 2018 03:54 AM

          Yes I regret not being a long term pot holder. Miss out on a lot of potential profits 😞

            b
            Jan 03, 2018 03:21 PM

            Ahhhh, I regret missing bitcoin.
            And Shirly V, I regret not asking her out. lol

            Jan 03, 2018 03:16 PM

            Believe we all have that regret……the asking out one

      Jan 03, 2018 03:20 PM

      Eventually there will be so many more companies in this area worldwide that there could be a glut of product and price wars with prices crashing like oil.

        GH
        Jan 04, 2018 04:03 AM

        Furthermore, DIY is very easy, and free instructional material abundant on the internet.

          GH
          Jan 04, 2018 04:07 AM

          In fact, this is the only way it will be affordable medicinally for many.

          Rick Simpson’s anti-cancer protocol calls for, I believe, 60 grams of oil in 90 days. That’s a couple thousand $, minimum, which is a cost people can easily avoid by growing a couple of plants at home.

            GH
            Jan 04, 2018 04:10 AM

            Juicing is even more costly. The info I have seen on it calls for juicing 50-100 fress leaves per day, or 1/2 oz (~15 g) fresh bud. This from a woman who uses it for MS.

    CFS
    Jan 03, 2018 03:19 AM

    Happy ninth birthday Bitcoin. You come a long way, Baby.

      b
      Jan 03, 2018 03:31 AM

      Seems your favorite people just said cryptos were unholy cfs.
      islam frowns on cypros.

      They prefer PMs.

        CFS
        Jan 03, 2018 03:02 PM

        Archaic beliefs.

          b
          Jan 03, 2018 03:19 PM

          ? really,not all, at least sound money people would agree with islam on using gold and silver.

          To be honust I couldnt finish the Koran, no offence to anyone but the genies were kinda the last straw for me.
          To be fair I find some things written in all the abraham religion record books as fantasy.

          Probly just me, I dont have the faith required.

    CFS
    Jan 03, 2018 03:26 AM

    NY GLOBEX opens and silver gets slammed again.

      Jan 04, 2018 04:55 AM

      You have not read enough article on the silver smashers, to see that silver is the controlled substance the money changers do not want the little people to have……….jmo

        GH
        Jan 04, 2018 04:12 AM

        That’s because they know it’s good for killing vampires and werewolves.

    b
    Jan 03, 2018 03:29 AM

    Wolf, I dont follow american stocks. Cant even find em with my trading machine.

    Only canadian, and cdn potshares have been doing exactly what Ive expected.

      Jan 03, 2018 03:33 AM

      It’s a Canadian listed company b. They all trade on the cse……that’s how they get around the tmx rules of American pot investments

        b
        Jan 03, 2018 03:35 AM

        I get “invalid symbol” when I look.

          b
          Jan 03, 2018 03:36 AM

          Whats the name? Maybe I can find it that way.

          Jan 03, 2018 03:37 AM

          Type in rockshield capital in search for whatever brokerage you use. Might use a different code for cse stocks.

            b
            Jan 03, 2018 03:10 PM

            Rockshield Capital Corp
            Exchange: TSXV Exchange | Jan 3, 2018, 3:02 PM EST logo
            RKS $ 0.00 real time data No Change Change:
            0.00 (0.00%) Volume:
            0

            I use 2 trading info, td and tmx money.

            td is not showing me anything, tmx is saying they are investing in seeds.

            I gotta say, any grower around now doesnt need seeds.
            td showing nothing doesnt bode well for ease of buying.

            There may be more to them than seeds, but im interested in the amount of recreational grown. To heck with medical. lol
            Medical was just so they could be prepared for recreational sales.

            At least thats how I see it.

            Could very well be more to these guys than I see, I dont know.

            Jan 03, 2018 03:11 PM

            Strange I bought it through td????……get a quote all the time……..when td is actually working….site has been down a lot especially since last Friday

            GH
            Jan 04, 2018 04:16 AM

            b,

            I agree, recreational is huge, and likely to be the much larger market.

            But medicinal will be huge too. Especially as long people continue on the factory food diet, because it is useful for many of the chronic degenerative lifestyle-caused conditions.

            60g in 90 days of Rick Simpson’s oil? That is a massive amount, and every cancer patient is a potential customer.

            GH
            Jan 04, 2018 04:18 AM

            Also shown to be useful for arthritis, pain, dementia, epilepsy, head trauma…will have widespread use.

    CFS
    Jan 03, 2018 03:29 AM

    I see gold got slammed too by the NY bankers by $8.

      b
      Jan 03, 2018 03:33 AM

      Havnt ya heard cfs?
      Manipulation is tin foil hat stuff.

      What will happen when they find the city of gold under the Gobi?

      Jan 03, 2018 03:49 AM

      If so, good. They’re keeping the bull healthy by keeping sentiment in check.

    Jan 03, 2018 03:47 AM

    The TSX-V has very bullishly broken out to a new 39 month high:

    http://stockcharts.com/h-sc/ui?s=%24CDNX&p=W&yr=4&mn=9&dy=0&id=p40071663119&a=567339787

      Jan 03, 2018 03:50 AM

      Good. Ive got my fair share of them.A lot of good small caps trade there.

    cmc
    Jan 03, 2018 03:40 PM

    VXX hit Mr. Rick’s pivot point. Where to now???

    Jan 03, 2018 03:01 PM

    The US economy is coming back, China won’t be the premier developer of electric cars. The destiny of US manufacturing prowess is now again on the honor role, destiny will strike again for America. The electric automobile will come before the cell phone, and the face of America will once again be defined by manufacturing quality goods that the world wants to buy. DT

    Jan 03, 2018 03:37 PM

    Latest Alta Reports, Web Bot Forecasts 2018, Major Changes Ahead, Bitcoin Bonanza, Clif High

    https://www.youtube.com/watch?time_continue=4820&v=82Xgby5ylAA

    Jan 03, 2018 03:42 PM

    We are in the throes of a historical commodity inflation. This is only the beginning.

    Jan 03, 2018 03:00 PM

    Gold Mining Investors On The Brink Of Nirvana

    by @Goldfinger on January 3, 2018


    Gold entered a bear market after reaching an all-time high at $1923.70 on September 6th, 2011.
    The bear market ended on December 3rd, 2015 with gold bottoming at $1045.40.
    The gold crash on April 15th, 2013 left an open gap up at $1560.50. Since that crash day which saw gold fall more than $200/ounce the yellow metal has been hammering out a broad based bottom with price largely contained within a range between $1150 on the downside and $1350 on the upside.
    The rally from the mid-December low at $1238.50 has seen gold rally nearly 7% and string together one of its longest winning streaks in history (9 straight up days, and up 13 of the last 14 trading sessions)”

    “Support at $1300 is now critical, with an even more robust layer of support down near $1280. Resistance near $1350 should prove formidable before a breakout above $1377.50 eventually leads to a sharp rally up to the $1425-$1450 area as gold trends higher on its way to filling the open gap from April 2013 at $1560.50 (red circle on left side of chart).”

    https://ceo.ca/@goldfinger/gold-mining-investors-on-the-brink-of-nirvana

      Jan 05, 2018 05:29 AM

      Good analysis Excelsior. Plenty of work for gold to do in the mean time but whilst things havnt gotten a whole lot better they havnt got worse either… At this stage at least.
      Over the festive season Ive purposely stopped looking at the various markets. It will be interesting to see what 2018 bas in store for us.

    Jan 03, 2018 03:44 PM

    Looking at the daily chart indicators, gold might not need much of a break just yet.
    Btw, 1309+/- represents fork support on the following chart…

    http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=0&dy=8&id=p94342290157&a=566170217