What Comes Next for Gold and Silver?

EST

Comex silver and gold futures simultaneously reached two important Hidden Pivot targets on Monday that had kept us confidently on the right side of the trend since mid-March. The former, basis the May contract, came within a penny of an 18.665 target before dropping back sharply — by 30 cents so far. As for June Gold, it topped to the exact penny at a major Hidden Pivot midpoint resistance at 1297.40 that I’d emphasized the night before, including in a chart that showed it as a potentially tough hurdle. The futures subsequently fell to a so-far low at 1283.10 that lay $14.30 beneath the target. We don’t have a crystal ball to tell us how things will play out over the next week or two, but if the corrections in gold and silver prove to be short — meaning 3-5 days — and gold and silver subsequently blow past today’s highs, that would put them in good position to reach targets significantly above these levels. For precise numbers, check out my latest ‘touts’ for gold and silver, below. If you don’t subscribe but would like a peek, click here for a free  two week trial subscription to Rick’s Picks, including access to a 24/7 chat room that draws great traders ’round-the-clock from around the world.

Comments on this entry are closed.



Hidden Pivot Graduate
Help Page


Click here
for a help page needed as a Hidden Pivot Graduate.

Keep Your
Skills Current


Click here
for a special deal for graduates of the Hidden Pivot Course who want to stay on the cutting edge

Login



Start Subscription
Lost my password

Seminar Information page.

Tuesday, November 28, 2017

The consistent accuracy of Rick Ackerman’s forecasts is well known in the trading world, where his Hidden Pivot Method has achieved cult status. Rick’s proprietary trading/forecasting system is easy to learn, probably because he majored in English, not rocket science. Just one simple but powerful trick -- managing the risk of an ongoing trade with stop-losses based on ‘impulse legs’ – can be grasped in three minutes and put to profitable use immediately. Quite a few of his students will tell you that using ‘impulsive stops’ has paid for the course many times over.

Another secret Rick will share with you, “camouflage trading,” takes more time to master, but once you get the hang of it trading will never be the same. The technique entails identifying ultra-low-risk trade set-ups on, say, the one-minute bar chart, and then initiating trades in places where competition tends to be thin.

Most important of all, Rick will teach you how to develop market instincts (aka “horse sense”) by observing the markets each day from the fixed vantage point that only a rigorously disciplined trading system can provide.

The three-hour Hidden Pivot Course is offered live each month. If it’s more convenient, you can take it in recorded form at your leisure, as many times as you like. The course fee includes “live” trading sessions (as opposed to hypothetical ‘chalk-talk’) every Wednesday morning, access to hundreds of recorded hours of tutorial sessions, and access to an online library that will help you achieve black-belt mastery of Hidden Pivot trading techniques.

The next webinar will be held on Tuesday, November 28. Click below to register or get more information.

Knowledge Base Link
Show Buttons
Hide Buttons