Rick Ackerman’s Technical Forecasts – Thu 5 Jul, 2018

Comments on Gold, Copper, and The Flattening Yield Curve

Rick Ackerman joins me today to update some of the levels he is watching for gold and copper. We also discuss the continued flattening of the yield curve and what is means for the overall US markets.

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Rick AckermanCory Fleck
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  1. On July 5, 2018 at 9:47 am,
    Markedtofuture says:

    REALIST NEWS – Imran Awan Gets Sweetheart Plea Deal; DOJ Won’t Prosecute Alleged Spy Ring


  2. On July 5, 2018 at 10:04 am,
    BobUK says:

    Interesting thoughts from Rick on gold and copper. Thanks.

    If anyone has any thoughts on Glencore and this legal stuff that has manifested in recent days I would like to hear them?

    • On July 5, 2018 at 12:08 pm,
      Excelsior says:

      Would love to see yhem stick it to Glencore. They’ve been bullying smaller producers and sticking it to them on concentrate and smelting costs for years and warping price discovery for Silver and Zinc prices for a long time by flooding the markets or “managing” supply. As for behind the scene deals with politicians and London fixers, there seems to be many that feel it is worth investigating further.

  3. On July 5, 2018 at 11:21 am,
    Matthew says:

    Stocks looks terrible relative to oil…

    Dow:Oil weekly

  4. On July 5, 2018 at 11:40 am,
    Charles says:

    Hi Matthew – Would you mind giving me your thoughts on chart of TRCH (oil wildcatter/driller) and a potential target to take some chips off the table? It seems poised to breakout above $1.40 lateral resistance sometime this month. I was thinking around $1.80, but wondering if that is too conservative given the length of time the stock has been basing. I am also wondering if it might head down to its weekly BB around $1.15 before the breakout. Any thoughts you have would be much appreciated.

    • On July 5, 2018 at 1:07 pm,
      Matthew says:

      Hi Charles, TRCH looks good to me. The chart is mixed but net bullish. Downside risk appears to be very small when compared to the upside potential.
      I’d consider selling some as it approaches $2 and more in the 2.20 to 2.45 area.
      A move down to the lower weekly BB doesn’t seem likely.


    • On July 5, 2018 at 1:08 pm,
      Matthew says:

      The daily chart is also mixed and also net bullish…


      • On July 5, 2018 at 1:48 pm,
        Charles says:

        I appreciate the look see and guidance.

  5. On July 5, 2018 at 11:46 am,
    Markedtofuture says:

    Silver ALERT: Glencore Under DOJ Investigation…FINALLY!! (Bix Weir)

    For close to 50 years the commodity/derivative market riggers have had a “free pass” from the long arm of the law….THAT IS NOW CHANGING! Get ready SILVER!