Metals, US vs. Global Markets, and The FAANG Stocks Coming Back

March 5, 2019

Rick Ackerman is back today to share his updated thoughts on the charts for the PMs, global markets, and FAANG stocks. After our last call a couple weeks ago Rick was seeing a bullish set up for the metals. We revisit that setup after the drop on Friday. Also some comments from Rick on how he balances out the weakness he knows we should be seeing in US markets but the fact that global markets are struggling even more.

Click here to visit Rick’s site and learn more about his technicals.

    Mar 05, 2019 05:39 AM

    Rick where do you see miners GDX bottom if gold does break down to $1250 area? Thanks

      Mar 05, 2019 05:44 PM

      Glad to hear Rick A. back on the KER. I always appreciate his technical insights and pivot or mechanical levels, and get a kick out of his macro commentary. Cheers!

    Mar 05, 2019 05:02 PM

    Gold is down 2.2% ($30) since Thursday’s close while GDX is down just 1.6%. Minus 6.6% for GDX would be more typical since it often provides 3 to 1 leverage to gold. Considering the positive action and other technical aspects, I doubt that gold will be going to 1250 anytime soon if at all.

    Mar 05, 2019 05:08 PM

    GDX would have to fall about 6% from here to fill the Jan. 25 gap. GLD and SLV have already filled their respective 1/25 gaps.

    Mar 05, 2019 05:40 PM

    For anyone following the Lithium markets, there is 90% BS marketing fluff, and less than a dozen real companies.

    Orocobre was the 2nd Jr to make it into Lithium production (after Talison “Greenbushes” did back in 2012-2013 but was taken private).

    Orocobre had a difficult start and many complications when they first got into production in 2016, proving how it’s more challenging than just defining a Lithium resource, and really companies need an advanced understand of chemistry processing.

    It is nice to finally see them being recognized for their achievements, and that their prior CEO was praised for his guidance over the years. I’ve got a small position in them again, but am considering adding more as there aren’t many legitimate companies in the space, and I could see one of the big 4 moving to snatch them up with the Li markets are low in sentiment.


    Orocobre Limited $ORE.AX $ORL $OROCF is proud to announce former CEO Mr. Richard Seville has been awarded and recognized for his dedicated leadership and vision by CEO Today Magazine in their “2019 CEO Global Awards Winners’ Edition”.

    Mar 05, 2019 05:46 PM

    A new short term high is coming soon for HUI:$GOLD but it doesn’t seem like many think so…

    Mar 05, 2019 05:01 PM
    Mar 05, 2019 05:06 PM

    The HUI turned precisely at speedline support:

    Mar 05, 2019 05:34 PM

    For those who can view a monthly chart, HUI:GOLD is breaking out of a fork that spans 15 years:

    The HUI needs to go up five fold versus gold just to reach the 2004 high.

    Mar 05, 2019 05:46 PM

    XAU breakout, backtest and golden cross: