Gold appears, finally, to be breaking out. I’ve noted certain technical details concerning this below, but without getting too deeply immersed in them, I’ll say that the longer-term charts are now projecting upside to at least 1474, about $117 above the current price. It will take a little more than that, however — specifically, a print at 1514.40, basis the December Comex contract – to rock bears (and bullion bankers, who love to short the stuff) back on their heels, but at least the good guys can now dream about this without seeming pathetic.
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Tuesday, March 13, 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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