Rick Ackerman’s Technical Forecasts – Wed 1 Apr, 2020

Fear and the US Markets, gold and silver

Rick Ackerman kicks off today by addressing the fear that is already priced into the markets. With a little less volatility over the past week it seems for right now that overall fear has dissipated. We also look at the gold and silver charts balancing out this fear trade.

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Comments:
  1. On April 1, 2020 at 10:22 am,
    David says:

    All I do now is sit and stare at my screen, think how I might “tweak” what I see in anticipation of the machines miraculously altering their programs to include fundamentals. I think about changing “happy” to “glad” by adding here and reducing there. But alas, the ideas no longer flow. I am a fork in the road and all that is there is Yogi Berra to provide device. Despite all that, recent (last couple of weeks) adds have been for entertainments sake, EMX Royalty, New Gold, Treasury Metals, Sailfish Royalty. There have been some good drill results out for several miners but seems to matter little to our markets interferred in by our handlers. Another day in the quarantined world. Other than that things are fine.

  2. On April 1, 2020 at 10:25 am,
    Jamie says:

    Added to GLDLF- No debt, $8 million in cash, 21 million ounces of gold “vaulted” underground and NO overhead cost such as closing mines or stalling operations.

    • On April 1, 2020 at 11:34 am,
      David says:

      Interesting they added Almaden recently.

      • On April 1, 2020 at 12:15 pm,
        Paul says:

        Rick silver closed at $11.77 on March 16th. Why wouldn’t get there again, also why didn’t you back up the truck couple weeks ago at that price??

      • On April 1, 2020 at 12:49 pm,
        Jamie says:

        Yes, GLDLF has been making some smart acquisitions over the past few years on ounces in the ground for pennies on the dollar-Almaden was just the most recent. Also, never taking on any debt in doing so. Best of luck David.

  3. On April 1, 2020 at 12:05 pm,
    b says:

    I watched the polio story on pbs last night.
    This covid19 looks like a rerun, it doesnt stop until a vaccine is found.

  4. On April 1, 2020 at 12:29 pm,
    bonzo says:

    Anything PBS says about vaccines is big pharma propaganda. And the flu vaccine has not stopped the flu from coming back every year, so why would a Wu flu vaccine be any better? The flu viruses mutate so fast the vaccines are worthless by time they come out 6 months after they start production.

    • On April 1, 2020 at 12:43 pm,
      Matthew says:

      You sir, are correct.

  5. On April 1, 2020 at 12:39 pm,
    b says:

    I thought I wore the tin foil hat in this place.

    Bonzo, the polio vaccine eliminated polio.

    Flu changes every year, thats why the need for a new flu vaccine every year.
    Science knows enough about seasonal flu to make a vaccine quickly.

    Sometimes when something walks like and quacks like a duck…its a duck.

    Here is one that might interest you.

    COVID-19 WORLD ORDER: GORDON BROWN CALLS FOR “INTERIM” WORLD GOVERNMENT

    https://southfront.org/covid-19-world-order-gordon-brown-calls-for-interim-world-government/

    Its @ southfront tho so maybe it is all Russian propaganda of course.

    “social distancing” is smart, this virus is real, its not a hoax.
    gl to you.

    • On April 1, 2020 at 12:48 pm,
      Matthew says:

      The virus is real but the response to it is over the top. The media (which is an arm of the government) is clearly trying to make people as fearful as possible and is most likely reporting bogus numbers. The gov/msm has no problem misleading the masses, that we know.

      • On April 1, 2020 at 1:06 pm,
        b says:

        I agree, the cost of dealing with it may be worse than the virus.

        Still, the virus is no hoax, and if nothing was done it would be running rampant, which could end up happening anyway.

        I doubt very much this ends until a vaccine is found and distributed.

        jmo

        Eventually tho, people will grow tired of this isolation

        • On April 1, 2020 at 1:17 pm,
          b says:

          Russian military plane with coronavirus aid lands in US
          1 Apr, 2020 20:10

          How dare those evil Russians help the world with this.

          https://www.rt.com/news/484705-russian-coronavirus-aid-plane/

          From rt tho so maybe its all bs.

          Thas Italy,Spain,Iran,Syria,Venesuala and I think a couple “stans” that Russia has helped, I could be forgetting some as well.

          Darned evil Russians not good like keeping sanctions on countries needing supplies.

          This virus has the potential of opening alot of eyes.

    • On April 1, 2020 at 1:44 pm,
      bonzo says:

      b, everything you just wrote about the polio and flu vaccines proves that you wear the dunce cap in this place. Of course this is not entirely your fault, as all the media and the CDC are sock puppets for big pharma and spread its lies.

  6. On April 1, 2020 at 1:48 pm,
    b says:

    What reality are you living in Bonzo?

    Amazing.

    gl 2 u.