Rick Ackerman’s Technical Forecasts – Thu 19 Jul, 2018

Updates On Gold and The USD

Rick is back again today with a quick update on the gold price and USD index. Gold is getting hit again and Rick is down on the metal. As for the USD he still keeps in mind the 120 level but that is in a market crash. In the current market Rick shares the levels he thinks will hit.

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Rick AckermanCory Fleck
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  1. On July 19, 2018 at 10:33 am,
    irishtony says:

    Watch the second half of this Kaiser video.
    It will show why we should all hate the Fecking Ganster Bankers…………………
    The biggest bandits on the planet.

  2. On July 19, 2018 at 11:26 am,
    Marc says:

    I see some folks are furiously engaged in spreading mis/dis info by repeating the Rickards nonsense about the China pegging gold to the sdr. Nonsense!

    When are you people going to learn that this little wimpy name dropping guy with a vast inferiority complex is a has-been. Every dog has its day and this mutt had his long ago.

    Look at all his recent predictions about Gold, Oil, War, Geo-Politics, etc —- most all wrong!!!

    Go back and read /watch his video where he told us he had lunch with HR McMaster and we would for sure attack slim Kim and NK. He was completely wrong……and McMaster is probably in a dusty basement somewhere in DC speaking his ilk to junior neocon wannabees

    Rickards is a wimpy whackjob — you’ll be decieved if you follow him.

  3. On July 19, 2018 at 11:51 am,
    pardu says:

    Rick, at what level would you back up the truck $1170 in gold or lower? what about silver?

  4. On July 19, 2018 at 2:02 pm,
    Bonzo Barzini says:

    Hi Cory, please ask Keith Nullmeier of AG what he thinks of Mexico’s new President Obrador.

  5. On July 19, 2018 at 5:01 pm,
    BobUK says:

    Very interesting – thanks.

  6. On July 19, 2018 at 5:11 pm,
    spanky says:

    $indu:$gold making new multiyear highs every day. Speaks volumes about the significance of the so-called “low” in gold in 2016 IMO.

    Beating a dead horse am I…. Yeah, I know, someday, someday the trend will reverse…

    One of these days Alice, one of these days, Pow! Right in the kisserI

  7. On July 19, 2018 at 6:35 pm,
    Chartster says:

    The 200 week MA about to cross under the 600 week MA on gold is ugly to say the least. Odds are, price won’t hold the 600 WMA and gold is headed to 1050.

    • On July 19, 2018 at 7:25 pm,
      Matthew says:

      The 233 week MA is more important than the 200 but even the 200 is not about to cross below the 600. The 200 wMA does not move quickly.

      Odds are, gold won’t reach 1050. 1180ish is more likely if the 600 ma doesn’t hold for tomorrow’s close.


    • On July 19, 2018 at 7:32 pm,
      Matthew says:

      A “golden cross” IS coming soon to SLV:GLD…


    • On July 20, 2018 at 8:49 am,
      Dan, calgary says:

      Thanks for the charts. I agree that a reversal is coming soon and could be stronger than most people think IMHO only.

  8. On July 19, 2018 at 7:15 pm,
    Markedtofuture says:

    Sources: Tony Podesta offered immunity in Manafort case

    Jul. 19, 2018 – 2:02 – Exclusive: Two sources tell ‘Tucker Carlson Tonight’ that Special Counsel Robert Mueller has offered lobbyist Tony Podesta immunity to testify against Paul Manafort.


  9. On July 19, 2018 at 7:20 pm,
    Markedtofuture says:

    Jeanine Pirro speaks out about heated exchange on ‘The View’

    Jul. 19, 2018 – 6:23 – Judge Jeanine Pirro visited ‘The View’ to promote her new book when Whoopi Goldberg abruptly ended the fiery segment; the ‘Justice’ host speaks out about the experience on ‘Hannity.’


    • On July 20, 2018 at 4:02 am,
      Buzz says:

      Shows how Hwood fame & $$$ have crowned Whoopie

      • On July 20, 2018 at 7:15 am,
        Matthew says:

        She’s an ignorant fool.

  10. On July 19, 2018 at 7:28 pm,
    Matthew says:

    Gold sellers are running out of gas…


  11. On July 19, 2018 at 7:34 pm,
    Matthew says:

    ABX is hanging onto a 50% Fib fan support…

    • On July 19, 2018 at 7:35 pm,
      Matthew says:

      And will probably test a couple of fork supports tomorrow…

    • On July 19, 2018 at 7:44 pm,
      Matthew says:
    • On July 20, 2018 at 8:53 am,
      Charles says:

      Black candle on today’s chart. Just sayin’….. Looks like it could go a bit lower, perhaps to $11.75 (78% fib retrace)?

      • On July 20, 2018 at 9:12 am,
        Matthew says:

        If gold would get moving, we could lose the black candle and end up with a little gap that doesn’t get filled. At least it looks like gold will finish the week above the 600 wma!

        • On July 20, 2018 at 2:54 pm,
          Charles says:

          Nice that it held the 600 wma. I will take any silver lining I can get. Glad to see the week ended on an up note, but it was still a down week. It will be interesting to see if there are any material news events over the weekend that keep the bearish reversal in the dollar going.

  12. On July 19, 2018 at 7:47 pm,
    Matthew says:
    • On July 20, 2018 at 8:35 am,
      Charles says:

      Looks poised for at least a bounce. I have it hugging the bottom rail of a bullish wedge that began forming in early May. The daily looks like it still needs some time to base out to get the moving averages flatter before a breakout. Based on the wedge it looks like mid to late August could be the time for a breakout.

  13. On July 19, 2018 at 8:42 pm,
    Matthew says:
  14. On July 20, 2018 at 8:40 am,
    spanky says:

    Well, gold made a swing low today. FWIW. Expect a rally. How high and for how long, who the hell knows, but it should be at least a few weeks IMO. Over and out.