Ricks Picks

Gold at a Key Threshold

EST

Comex Gold is sharply on the move tonight, approaching a key rally resistance. The August contract has slightly exceeded a longstanding Hidden Pivot target at 1412.20, but corresponding targets in some popular bullion vehicles, including GDX, have yet to be reached. If this occurs on Friday’s opening bar, you should be wary of a bull trap.

Comments on this entry are closed.

Norbert Trokki June 24, 2019, 3:20 am

It’s more a question than a comment Gents;
Your price predictions for gold & silver for the next 6 months, please.

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Norbert, you can take a free two-week trial subscription by entering your name and email address at the top of my home page: http://www.rickackerman.com No credit card is 0necessary. This will give you access to all forecasts, including the archive. Rick

none June 21, 2019, 8:54 am

The GC market as well as the INDU/SPX markets are at the most violent time price areas of 40-60 trading days from major highs or lows.

These areas are associated with large moves in pricing.

GC’s break out of the quarterly time frame on 04/2018 (a closing quarterly time frame) move the markets towards at the minimum +50-70% target level from the current ‘inverse’ relationship to INDU/SPX topping patterns.

This would be about the GC 2039.8 level in the weeks and months ahead.

This also suggest we are rolling over ‘big time’, starting a Bush (43) 2.0 version type of fall in stock prices.

Observing a 6-8k level in INDU over the coming election cycle is on target.
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Trump Low’s are broken ‘again’, the interest rate level from the 11/06/2016 Trump Low was hit, along with the recent $VALUG Index Trump Low busted ‘wide open’. $VALUG is the ‘only’ real market valued index that pricing is related towards actual profit and loss of wealth.

History:

Trump stages his greatest show yet
The president’s elaborate reelection rally in Florida featured thousands of adoring supporters.

By GABBY ORR

06/18/2019 07:21 PM EDT

Updated 06/18/2019 10:39 PM EDT

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On October 29, 2011 Paterno wins his 409th game as head coach of the Penn State Nittany Lions football team. During 61 years at Penn State University, he helped the former “cow college” quintuple its financial endowment and build Paterno Library. At the age of 84, Paterno is so beloved as “a coach, an educator, and a humanitarian” that a statue is outside Beaver Stadium, and so powerful that when university president Graham Spanier and athletic director Tim Curley asked Paterno to retire in 2005, he refused. Inside the stadium, Spanier, Curley, and vice president Gary Schultz worry about a grand jury investigating accusations of child sexual abuse against Jerry Sandusky, a retired assistant coach.
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From his 409th win ‘the high point of his life’, it took only 3-4 weeks to losing all he had work for.

Have a great weekend Rick.



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