What Comes Next for Gold and Silver?


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.

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Tuesday, April 17, 2018

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.

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