Uncannily Accurate Forecasts for Stocks & Commodities
Daily Commentary
Rick Ackerman’s daily market commentary — blunt, specific, and free of Wall Street spin. Browse the full archive below.
March 8, 2026
[Your editor is taking a busman’s holiday in San Francisco. Although trading touts will update as usual and I’ll be active in the chat room, this commentary and the next come from the archive. You can judge for yourself whether they were sufficiently on-target to still be relevant. RA] Stocks looked leaden as the week […]
Read the full commentary →March 1, 2026
[Events in the Middle East have overshadowed my narrow economic critique of President Trump in the commentary below. His alliance with Israel to knock out global jihad’s command structure is likely to change the world in ways no one can predict. It will also test the idea that only military might can secure a lasting […]
Read the full commentary →February 22, 2026
Robot demonstrations are notorious for going comically awry. Seat Robby at a staged dinner and he will stab himself in the eye with a forkful of make-believe mashed potatoes. Have him put a butter dish back in the refrigerator and he’ll slam the door on his head. So what, then, are we to make of […]
Read the full commentary →February 15, 2026
AI hubris has got itself in a bind, trapped between two conflicting stories, neither of which seems likely to end well. One story has the boys in the billionaire’s club throwing untold sums of money at a technology that seems increasingly unlikely to produce commensurate returns. The other story has been threatening whole sectors of […]
Read the full commentary →February 8, 2026
[The following commentary was written by Steve Houck,a longtime investor in bullion and knows the markets well. He is also a friend and a former business partner. RA ] Looking at the froth in silver, it became apparent it was time to rotate from overvalued to undervalued once again. Selling precious-metal ETFs like SLV and […]
Read the full commentary →February 1, 2026
Pity the J-school rookies who are paid to explain why the stock market did what it did on a given day. On Thursday, Microsoft shares lost nearly a half-a-trillion dollars of value. But why? Bloomberg’s Evening Briefing called it a ‘rap on the knuckles’ for the company’s huge spending on AI projects that seem increasingly […]
Read the full commentary →January 25, 2026
If you can’t guess what commodity the chart shows, you must be living on Mars. It is in fact a long-term picture of silver, which went ballistic in December. The price has doubled since, blowing out a $50 top that had stood since 1980. That price became a part of silver’s legend, since it is […]
Read the full commentary →January 18, 2026
Readers can be forgiven for wondering how long the ‘topping process’ I’ve alluded to over the last several months will drag on. As you will have long since concluded, no one can answer that question with confidence. For all that we supposed experts know, the bull market begun in 2009 could still be chugging blithely […]
Read the full commentary →January 11, 2026
The Dow is poised to hit 50,000 this week, a milestone that would have seemed surreal when the blue chip average, plagued by covid, was bottoming near 18,000 six years ago. Although there can be little doubt that Trump helped kick stocks into high gear, one could argue that a powerfully bullish economic cycle made […]
Read the full commentary →January 4, 2026
The speculative frenzy in silver has provided welcome relief from AI claptrap, but will it last? There are a hundred theories about why silver has come exuberantly to life after lagging gold for so long. I’ve been puzzled myself, since my technical runes suggest that gold futures could make an important top at $5132, about […]
Read the full commentary →December 28, 2025
My best wishes to you all for the holiday season and the New Year. May you and yours enjoy good health, prosperity and serene contentment in 2026. My regular weekly commentaries will resume with the edition scheduled for publication on Sunday, January 4. In the meantime, trading ‘touts’ (see below) will update as usual late […]
Read the full commentary →December 21, 2025
The widespread notion that a U.S. president can significantly influence the economy is mistaken. In observable fact, the broad cycles that bring us good times and bad, booms and busts, are vastly larger and more powerful than the presidency, too overwhelming to even affect, let alone command. Even the radical policies of Roosevelt’s New Deal […]
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