Rick Ackerman’s Technical Forecasts – Wed 18 Mar, 2020

The US Dollar is screaming higher – Could this be the big deflationary event?

The US Dollar is screaming higher again today, currently over 101 on the dollar index. 

Rick ackerman has been predicting a 120 level on the dollar index for some years all pointing to a major deflationary event. We discuss if this is the start of the deflation Rick has been waiting for by looking at US markets, copper, oil, and gold. 

One thing we call all agree on is these markets are crazy.

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Comments:
  1. On March 18, 2020 at 10:50 am,
    Ebolan says:

    Lamestream media finally getting a clue…if they would have listened to people like us they would have known long ago this was coming.

    Opinion: The U.S. government and American families have been swimming in debt — and will soon be drowning

    https://www.marketwatch.com/story/the-us-government-and-american-families-have-been-swimming-in-debt-and-will-soon-be-drowning-2020-03-18?mod=home-page

    • On March 18, 2020 at 10:52 am,
      Ebolan says:

      It would have been nice, before the coronavirus crisis hit, if the country were not so heavily indebted and engaged in trillion-dollar deficit spending, and if interest rates were much higher and the Fed’s balance sheet was much smaller. We are here and cannot go back. It is easy to criticize our leaders, but do you have better ideas?

      Duh! And yeah, I got a better idea. Let’s tar and feather our “leaders.” They are nothing but criminals.

  2. On March 18, 2020 at 10:59 am,
    Ebolan says:

    Old Yeller…

    Remember When Yellen Said “We Won’t See Another Crisis In Our LIfetimes”? Well…

    https://www.zerohedge.com/markets/remember-when-yellen-said-we-wont-see-another-crisis-our-lifetimes-well

    And now Janet Yellow and her fellow Jew banker are out with more criminality. Our rulers should have been locked up long ago.

    • On March 18, 2020 at 11:05 am,
      OOTB Jerry says:

      The sheepl have not figured out, and most likely never will………

  3. On March 18, 2020 at 11:03 am,
    Covid Kid says:

    Well boys, maybe we better get ready for Sleepy Joe and his criminal cohorts. Trumpty Dumpty may take a very bad fall come November.

    https://www.zerohedge.com/markets/stocks-slump-triggers-market-wide-trading-halt

  4. On March 18, 2020 at 11:04 am,
    Covid Kid says:

    Where’d all you boys go? Cat got your tongue…or virus got your keyboard?

    • On March 18, 2020 at 11:06 am,
      OOTB Jerry says:

      Everyone is on the other page……..

      • On March 18, 2020 at 11:08 am,
        Covid Kid says:

        OWL’s site won’t let me post on that page.

        • On March 18, 2020 at 11:12 am,
          OOTB Jerry says:

          You been a bad boy……again…..or what……

          • On March 18, 2020 at 11:24 am,
            Ebolan says:

            Limit Down Kid put in the KER jail.

  5. On March 18, 2020 at 11:10 am,
    OOTB Jerry says:

    I do not think they can stop this freight train from going down…….big time….
    The sheeple with their retirement plans……..just lost big time again…
    FEAR FACTOR MACHINE……..must be at TILT….TILT….

    • On March 18, 2020 at 11:28 am,
      Covid Kid says:

      Blood bath out there…oil down 23%, Dow down almost 11%

      CalPERS and other gooooberment pension funds getting annihilated today…even before this they were terribly underfunded and assuming a 7% return.

      • On March 18, 2020 at 12:22 pm,
        OOTB Jerry says:

        They will want the govt sheeple to bail them out………..

  6. On March 18, 2020 at 11:15 am,
    b says:

    I wonder how long it will take for silver focused companies to go bust and their shares go to zero.

    Just because Biden is demented doesnt mean he has no chance debating Trump.
    Trump might be Bidens hope, he is the only person that wont notice Bidens mistakes.

    • On March 18, 2020 at 11:33 am,
      Ebolan says:

      We may need to get ready for Sleepy Joe and his criminal cohorts. Trumpty Dumpty may take a very bad fall come November.

  7. On March 18, 2020 at 11:19 am,
    Gerald says:

    Rick has been calling for this for a long time. Looks like it is coming to fruition.

  8. On March 18, 2020 at 11:45 am,
    Gerald says:

    All of the gains under Trump over the last 4 years pretty much wiped out in 4 weeks. That is simply stunning. Short of mailing every American a check for $100,000 (and even that might not do it) or the COVID19 story taking a dramatic turn, I don’t see how this ends except in ruin.

    Biden is the next President.

    • On March 18, 2020 at 11:50 am,
      b says:

      lol

      I wonder if anyone will figure out the pres really doesnt mean a thing.
      If a demented pres doesnt prove it nothing will.

      • On March 18, 2020 at 11:52 am,
        Matthew says:

        Most won’t no matter what happens.

        • On March 18, 2020 at 2:07 pm,
          b says:

          Aint that the truth.

          People really are not that bright, this virus really could decimate the states.

          Italy is really suffering now.

          It makes me wonder if this virus wasnt intentional, tin foil hat stuff maybe.

          • On March 18, 2020 at 5:50 pm,
            irishtony says:

            b……………”BINGO “…..

          • On March 18, 2020 at 11:17 pm,
            Excelsior says:

            Agreed b. The president is more a figure head these days, and while the role has checks and balances against the legislative and judicial branches, and on appointments to positions, the real goings on are all the people in each administration, the minions of the Congress & the House, the power of lobbyists to influence, the crony capitalists, and the globalist deep state pulling the strings of world leaders. The presidents, Trump or Biden included, do what they are told by their handlers.

      • On March 18, 2020 at 12:01 pm,
        Matthew says:
        • On March 18, 2020 at 11:09 pm,
          Excelsior says:

          Well Jeffery Gundlach seems to be in agreement with that, and just covered the short positions he’s had in the markets for years.
          ___________________________________________________________

          “The Panic Is Palpable”: Gundlach Covers All His Stock Shorts, Is Flooded With “Art At Slashed Prices”

          Wed, 03/18/2020

          “One day after Jeff Gundlach predicted that the odds of a US recession are about 90%, which is ironic because according to JPMorgan a depression in Q2 is now a lock, the DoubleLine founder appears to be getting a tad more bullish because in a late Wednesday tweet he said that “for the first time in years” he is not short any U.S. stocks after he covered his last three shorts today at exactly 2:37 p.m EDT.”

          “The profits were just too great to not harvest, and the panic is palpable.”

          https://www.zerohedge.com/markets/panic-palpable-gundlach-covers-all-his-stock-shorts-flooded-art-slashed-prices

    • On March 18, 2020 at 11:50 am,
      Matthew says:

      For most people, much more than the gains under Trump have been wiped out:
      https://stockcharts.com/h-sc/ui?s=%24NYA&p=M&yr=20&mn=11&dy=0&id=t7568882783c&a=634927121&r=1584557364389&cmd=print

      • On March 18, 2020 at 12:13 pm,
        Ebolan says:

        That chart shows a breach of the 2007 highs. How long you think before it breaches the 2008 lows?

        And whatever happened to Vortex?

        • On March 18, 2020 at 12:55 pm,
          Charles says:

          Values are getting pretty low, but they can always go lower.

        • On March 18, 2020 at 12:58 pm,
          OOTB Jerry says:

          Slope of Hope…………..?

          • On March 18, 2020 at 1:11 pm,
            Charles says:

            Biggest margin call I have ever seen.

      • On March 18, 2020 at 11:20 pm,
        Excelsior says:

        Yep, this has been a brutal rout in the markets wiping out both Trump & Obama gains in the markets. It will take some time to rebuild out of the chart damage, but still the selling exhaustion is there and the markets may provide a slight reprieve from the carnage in the near future.

    • On March 18, 2020 at 12:10 pm,
      Covid Kid says:

      A 4 year Sleepy Joe gaffeathon…assuming he can last that year.

    • On March 18, 2020 at 12:14 pm,
      Ebolan says:

      We are witnessing the beginning of the greatest financial crisis since the Great Depression and it may end up being even worse than that.

      • On March 18, 2020 at 12:37 pm,
        SilverDollar says:

        +1 Agreed and it’s getting worse by the hr. Have you seen this from Bill Ackman, whether you agree with his investing prowess or not. He is begging the president to shut the country down. He may have a good point. https://marketsanity.com/bill-ackmans-plea-to-trump-to-shut-the-u-s-economy-down-now/

        • On March 18, 2020 at 12:53 pm,
          Matthew says:

          Ackman is spreading needless fear which is why he is welcome on CNBC.

        • On March 18, 2020 at 11:28 pm,
          Excelsior says:

          I have to disagree with Bill Ackman here, or anyone that thinks shutting down the company is the right answer. There are already way too many businesses shut down and the economic effects of this are going to put so many folks out work, further hurt peoples retirement plans, and far more of the elderly are going to be impacted by hunger, not being able to adequately heat/cool their homes, or not even being able to afford housing if their nest eggs continue to get decimated, than anywhere close to what the Coronavirus will do.

          People are gripped in extreme fear at this point, which means logic goes right out the window. Everyone is washing their hands, santizing surfaces more than ever, not shaking hands, and keeping safe distances more than any other time, so it is actually the healthiest time to have been going out compared to any point in recent history.

          There are always flus, colds, viruses going around, and always will be, but it is the height of arrogance to assume we are well off enough to just shut down the economy and shut down the markets, and that we’ll just be able to turn it all back on build out of it. The way out of it is to keep moving, keep businesses open, and power through it.

          “If you’re green you grow, if you’re ripe you rot…”

          • On March 18, 2020 at 11:28 pm,
            Excelsior says:

            company = country

      • On March 18, 2020 at 12:39 pm,
        Big Al says:

        I cannot predict, Eddy. But I just hope that you are wrong. That is not a personal statement, my friend.

      • On March 18, 2020 at 12:52 pm,
        OOTB Jerry says:

        I think I said the other day…..$17,000 Dow

        • On March 18, 2020 at 12:54 pm,
          OOTB Jerry says:

          Rhodium TANKING BIG TIME>>>>>>>down $2500 ….now ……..$3500 …..

          • On March 18, 2020 at 12:57 pm,
            OOTB Jerry says:

            No Fear…….stay calm…..

          • On March 18, 2020 at 1:30 pm,
            OOTB Jerry says:

            DOC……………is saying 13-14,000 Dow……………….

  9. On March 18, 2020 at 12:50 pm,
    OOTB Jerry says:

    BOOTs on the ground…….you can not buy silver …..$6 over spot ….
    Paper market is about to blow up……

    • On March 18, 2020 at 1:20 pm,
      Charles says:

      Sprott Physical Precious Metal Fund (PHYS) is now selling for a 2.5% discount to NAV.

    • On March 18, 2020 at 1:25 pm,
      OOTB Jerry says:

      In the metals arena, you see paper pricing extremely weak.However, the real world shows something very different.The US Mint is out of both gold and silver eagles.Other sovereign mints are also running out of supply or already out.So you think silver is $12.50?Maybe you can purchase 100 ounce bars for $16+ but do they really have utility?The form that does have utility (because of the small denominations) is junk silver.The only dealer I see still selling junk is APMEX, they are currently $10.99 over spot which equates to over $20 per ounce!The physical market is now taking COMEX by the throat and ignoring their fraudulent prices.

      • On March 18, 2020 at 1:25 pm,
        OOTB Jerry says:

        Sinclair site……….

        • On March 18, 2020 at 1:29 pm,
          OOTB Jerry says:

          Very brief commentary today.What happens when the most overlevered global economy in history shuts down for a month, or more?Global bankruptcy.It is over folks, the system is coming apart at the seams and the “promises” the world ran so smoothly on for so long are being laid bare.You might ask, which promises?The answer is ALL promises.

          All of a sudden and immediately after the Fed and Treasury announced over $4 trillion in various stimulus and aid …interest rates on Treasuries are rising.For example, rates on the 10yr Tsy collapsed to .34% a week ago Monday.Now, after 150 basis points in cuts, the 10yr is trading over 1.1% just 7 trading days later!
          BIll Holter………………………

      • On March 18, 2020 at 2:15 pm,
        b says:

        I dont know if the mint not producing eagles and leafs really means much.
        They run out every year.

        Completely logical silver drops in price, most silver is industrial not stackers.

        Lots of junk available on ebay.

        I dont think people should fall for the “shortage” stuff so soon after it has been shown it was all bs the last time Kaiser was hollering $500 if ya want it etc

        • On March 18, 2020 at 2:17 pm,
          b says:

          I expect the price will rise again as the economy gets back on its feet.
          Course jp morgan could sell the biggest hoard ever built in all of mankinds history at any moment.

        • On March 18, 2020 at 2:27 pm,
          OOTB Jerry says:

          ebay………way to get screwed………..

          • On March 18, 2020 at 2:29 pm,
            OOTB Jerry says:

            I would not trust anyone on ebay, with a big check……..

          • On March 18, 2020 at 2:42 pm,
            Big Al says:

            Probably a good point now.

          • On March 18, 2020 at 5:38 pm,
            b says:

            Maybe people have dif experiences.

            I bought 100s of 5 cent pcs on ebay, those were the only 1 gram silver pcs I could find.
            I never had any issues.

            I also bought 1 dollar coins, those are 1/2 once pcs.
            1/2 onces from mints were very expensive.

            Really no issues from ebay.

        • On March 18, 2020 at 11:34 pm,
          Excelsior says:

          Investors buying coins in the US or Canada is good, but the fact that they’re out currently isn’t going to radically change the pricing from that limited demand. Now globally if China, Thailand, South Korea, India, Russia, the Middle East, and Europe also start buying bullion like crazy, or sopping up supply for jewelry, etc…. that will have some effect, but really most volume in investor demand is still coming from the paper markets in ETF or electronic vehicles, and like it or not, for better or worse, the futures markets are still where prices are set for the investing world, not at someone’s local coin shop or on ebay.

  10. On March 18, 2020 at 1:17 pm,
    CaliJoe says:

    Now Trump just need to come up with a fake tweet that virus vaccine has been developed. I bet this will trigger a massive short squeeze and stocks will recover all their losses. He can delete that tweet later.

    Emperor has no clothes, what he has to lose anyway?

  11. On March 18, 2020 at 1:23 pm,
    CaliJoe says:

    Rick,
    Do you still see Boeing stock recovering its losses when this is all said and done?

    • On March 18, 2020 at 5:58 pm,
      irishtony says:

      Cali…If you were to ask me the answer would be NO…But the crooks are going to prove me wrong.

    • On March 18, 2020 at 11:36 pm,
      Excelsior says:

      Boeing has had a series of blunders before this recent rout even started, so their recovery will take much more time, and with the airline industry in a funk, that isn’t likely to happen any time soon.

  12. On March 18, 2020 at 1:33 pm,
    Matthew says:

    The Dow:Gold ratio is down 28% in 2.5 weeks (-42% since topping 18 months ago) and is going much lower…
    https://stockcharts.com/h-sc/ui?s=%24INDU%3A%24GOLD&p=Q&yr=50&mn=0&dy=0&id=p26258772515&a=728145351&r=1584563040990&cmd=print

    • On March 18, 2020 at 3:05 pm,
      Gerald says:

      That huge gap looks destined to fill.

      The problem is as long as liquidity/deflation is a concern, gold will likely be under pressure itself. I have little doubt that the ratio can get down to 1:1, but the question is where will the two meet?

  13. On March 18, 2020 at 1:35 pm,
    Matthew says:
    • On March 18, 2020 at 1:39 pm,
      CaliJoe says:

      Matthew,
      What do you think of the Boeing stock?

    • On March 18, 2020 at 1:41 pm,
      Glenfidish says:

      I spoke to Matthew a few weeks back in regards to price action of Dow and if it could get back down to 2008/2009 bottom level. My reasoning was based on some of peter shiffs work who like him or not called the housing crash way before many. That in itself deserves praise. But also on some other variables.
      Matt’s response was intriguing as he said there was a possibility of it getting as low as 17,000 which would be Armageddon and I reckon that would be inflation adjusted as he always is kind enough to let us know.
      I think this is ala 2008 and I will go with his 17,000 or something close as jerry is also suggesting. Just the way some stocks have broken technical levels and pass experience, I see them moving down one more time. Maybe they don’t go lower but I think this was a bounce and one more plunge. Regardless it would be prudent to buy on these extreme down days we are already at extreme lows.
      Matt, 17,000 possibilit
      Jerry 17,000 level
      Doc spring doldrums and downlower
      Bill cash is king waiting for buying opportunity
      Me ( pass experience with stocks showing lower level)
      If we get another shot at lower levels I’m purchasing and if not you should have purchased more today. Bought some more impact and waiting to buy tig if it his my target level.
      Cheers to all

      • On March 18, 2020 at 1:47 pm,
        Matthew says:

        Glen, we might have begun a bounce here but the 17 handle looks easy now:
        https://stockcharts.com/h-sc/ui?s=%24INDU&p=W&yr=5&mn=11&dy=0&id=p93360786646&a=728325654

      • On March 18, 2020 at 1:54 pm,
        Matthew says:

        It is clear that the powers that be want a huge decline even though they’re pretending the opposite (actions speak louder than words) so we could see 12,000 or even lower…
        https://stockcharts.com/h-sc/ui?s=%24INDU&p=M&yr=18&mn=0&dy=0&id=t1824174434c&a=401465484&r=1584564009647&cmd=print

        • On March 18, 2020 at 3:34 pm,
          Glenfidish says:

          Matt thank you for the targets!

          Anything is possible at this point.. one thing is for sure the Dow/gold ratio will play catch up one way or another is historical. So if that’s $5000 gold and $5000 Dow or I’m not sure all speculative. 1/3 ratio 1/2 I think we will see at some point in the future.

        • On March 18, 2020 at 5:33 pm,
          Ozibatla says:

          12000 ehh? Wow! This is plausible in the next few weeks. Who wouldve thought possible only a few weeks ago. 12000 Dow – circa 2012/13? What a bloodbath that would be.

          Im hearing reports of a Wall St worker having Covid19? Spread that one around, that should fuel the panic abit more. “Wall St to close indefinitely. Trading the world over is now cancelled. Global markets have been turned off. Banking liquidity and credit is frozen. Worldwide run on banks has ensued. Looting and anarchy is rife” – Ozibatla. Ahh there we go, panic stations has arrived! Ha. Geez maybe I shouldnt be so flippant, anythings possible in todays world.

  14. On March 18, 2020 at 1:37 pm,
    Ebolan says:

    Peter Skiff has a live event on youtube

    https://www.youtube.com/watch?v=K_rtWh6QxWU

    He was 7 minutes late

    • On March 18, 2020 at 1:38 pm,
      Ebolan says:

      Live from Puerto Rico…

      • On March 18, 2020 at 2:01 pm,
        Ebolan says:

        Dang, poor Peter Schiff…can’t figure out how to answer the question and getting angry at the helper guy…

        • On March 18, 2020 at 2:06 pm,
          Ebolan says:

          Made some good points on why this will be worse than the Great Depression…no body on welfare the, no minimum wage, higher degree of civility…today completely dependent society expecting entitlements. And didn’t even mention the debt load now is terrible compared to then.

          • On March 18, 2020 at 2:51 pm,
            Big Al says:

            I agree with you Eddie. (As I usually do!)

          • On March 18, 2020 at 2:57 pm,
            Ebolan says:

            Are you watching the Peter Schiff youtube? Can you tell what he was drinking? Could see what it was because his hand was blocking the container.

          • On March 18, 2020 at 3:05 pm,
            Ebolan says:

            Hah! Someone (Harper James, you boy know him) asked Peter Schiff an $375 question and Peter got quite excited. Said it was a record amount. And it turned out not to be a question but a tip and it said it was future helicopter money!

            Funny stuff!

          • On March 18, 2020 at 3:06 pm,
            Ebolan says:

            Dang, full of typos today…dang iPad!

          • On March 18, 2020 at 3:06 pm,
            Ebolan says:

            “Government’s cure is worse than the Corona virus disease.”

            Ain’t that the truth.

          • On March 18, 2020 at 3:54 pm,
            Big Al says:

            Depends on whether a person is in the dead or alive category, Eddie!

          • On March 18, 2020 at 11:39 pm,
            Excelsior says:

            I agree with the point that the government’s “cure” will be worse than the coronavirus.

        • On March 18, 2020 at 3:36 pm,
          Glenfidish says:

          Jajaj Peter is something else.

          I do prefer to have him on my team anyday. His timing is questionable. But so is everyone’s.

    • On March 18, 2020 at 6:53 pm,
      Ebolan says:

      Dang, this is a Peter Schiff marathon…hours and hours…but some good stuff.

  15. On March 18, 2020 at 2:15 pm,
    Matthew says:

    Someone probably already posted this but it’s funny enough to post again:

    Trump administration wants to send taxpayers $500 billion, $50 billion in loans for airlines

    https://www.reuters.com/article/us-health-coronavirus-stimulus/trump-administration-wants-to-send-taxpayers-500-billion-50-billion-in-loans-for-airlines-idUSKBN2152UG

  16. On March 18, 2020 at 2:16 pm,
    Ebolan says:

    I tell you boys, when the Trumpster first got elected I sure thought the whole Neo-Feudal Casino Gulag Plantation Fractured Reserve Debt Based economic outhouse would burn to the ground under the Trumpster. Heck, the whole thing should have done that way before Trump.

    I figured if the whole Neo-Feudal Casino Gulag Plantation Fractured Reserve Debt Based economic outhouse didn’t burn to the ground because of it’s own disease the Deep State would deep six the Trumpster…especially if he could manage to stay in 8 years.

  17. On March 18, 2020 at 5:00 pm,
    Ebolan says:

    I tell you boys, this market is a Trumpster fire.

    • On March 18, 2020 at 5:01 pm,
      Ebolan@yahoo.com says:

      DUMPSTER FIRE!!!

      DANG iPAD!!!!!!

  18. On March 18, 2020 at 11:41 pm,
    Excelsior says:

    April Could Be Worst Month Ever For Oil

    By Nick Cunningham – Mar 18, 2020

    “The millions of barrels of additional supply promised by Saudi Arabia will take time to reach their destination. On the demand side, major economies have only begun to slow down, and the gaping hole where the economy once stood is expected to widen. A growing number of analysts say that the global economy is already in a recession.”

    “Even just a week ago, it was difficult to imagine how oil market conditions could become significantly weaker,” Standard Chartered wrote in a note. “However, over the past week the restrictions placed on mobility by European and North American governments as part of their coronavirus response have significantly magnified the negative demand shock.”

    https://oilprice.com/Energy/Energy-General/April-Could-Be-Worst-Month-Ever-For-Oil.html

    • On March 19, 2020 at 2:07 am,
      Excelsior says:

      I’ve been swing trading the Oil stock ETFs XLE and XOP the last 2 weeks and am so used to trading illiquid Jr stocks, that it is really interesting trading the very liquid markets on the hourly charts.

      I bought more XLE at the end of day, and am looking for a few bucks bounce in it soon for a scalp.

      • On March 19, 2020 at 5:24 am,
        Covid Kid says:

        I’m sure you’ll do fine…but remember…this is bailout nation.

  19. On March 19, 2020 at 5:22 am,
    Ebolan says:

    Dang, the Macrovoices Townsend thinks he has Covid-19.

    • On March 19, 2020 at 5:22 am,
      Ebolan says:

      But he sounds fine. Sounds like nothing worse than a cold.

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