Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

The Precious Metals Bears' Fear of Fridays
By: Dimitri Speck

The Lemmings are Heading Towards the Cliff...Again
By: Gary Savage

28 Reasons to Buy Physical Gold
By: BullionStar

Is This Gold Rally The Start Of Something Big?
By: Avi Gilburt

GoldSeek Radio Nugget: Peter Grandich and Chris Waltzek
By: radio.GoldSeek.com

GoldSeek Radio Nugget: Andy Schectman and Chris Waltzek
By: radio.GoldSeek.com

Keeping Your Cryptos Safe From Crooks
By: Avi Gilburt with Ryan Wilday

Buy Gold As Fed Shows Uncertainty And Concern Over Financial ĎImbalancesí
By: GoldCore

Gold Seeker Closing Report: Gold and Silver Gain About 1%
By: Chris Mullen, Gold Seeker Report

Northern Vertex Files Preliminary Economic Assessment Report for the Moss Gold Mine in NW Arizona
By: Northern Vertex Mining Corp.

 
Search

GoldSeek Web

 
Rickís Picks Predictions for 2015 and Beyond

By: Rick Ackerman, Rick's Picks

 -- Published: Monday, 29 December 2014 | Print  | Disqus 

In the past, Rickís Picks has shunned year-end predictions because there are far too many variables to handicap accurately. Iíve decided to take a crack at it anyway this year because I was curious to see what conclusions purely technical analysis would yield for some widely followed issues. Iím no seer, just a chartist, and Iíll say up front that the question of whether the Dow Industrials are trading at 23,000 at the end of 2015, or at 14,000, is probably no better than a coin-toss bet. Also, because the stock market is a house of cards and only distantly connected to economic reality, only a fool would try to predict the timing of The Big One that we all know is coming. Stocks could collapse at any moment, to be sure, and although I doubt this will occur next year, the odds are hardly remote. If you absolutely need to know when calamity will strike, I recommend checking the year-end predictions of Bob Prechter, Martin Armstrong and Ross Clark, since they are the very best timers in the guru world.

Keeping the foregoing in mind, Iíve allowed for both bullish and bearish scenarios in most of the forecasts above. Those designated ĎN/Aí imply outcomes that are unimaginable to me. For instance, the shares of Snipp Interactive, a penny stock that is my number one bullish pick for 2015, seem unlikely to head lower no matter what happens to the economy. The firm provides personal-device-based marketing solutions to a growing list of blue-chip clients, and they are nimble and imaginative enough not only to excel in their niche, but to expand it. Similarly, Apple looks like a surefire winner, especially with the company positioning itself via Apple Pay to take a small piece of every retail transaction that occurs. Indeed, if there is a good reason to think U.S. stocks will continue higher in 2015, it is that the shares of Apple, the most valuable company in the world, look so promising. Iíll mention T-Bonds as well. They were my no-brainer, shout-it-from-the-rooftops bull trade in 2014, producing capital gains of 20%-plus, and so they shall remain. I expect long-term Treasurys not only to continue their long-term uptrend and yields to continue falling in the year ahead, but for years to come.

Dow ĎOnlyí to 19457?

Some final notes: Some of the bull/bear targets paired in the table above could both be hit, although not necessarily in the same year. That goes for bullion, where my forecast allows for a bull market to begin after a bottom is reached sometime next year. Obviously, the $2.06 target for a barrel of crude is an extreme outlier. Iíve included it simply because, strictly speaking, thatís what the charts indicate now that January Crude has fallen beneath a key Ďmidpoint Hidden Pivotí at 55.43. A rally back to that price would theoretically be short-able. Indeed, any target given above can be used in two ways: 1) getting long or short with the implied trend; and/or 2) playing for a reversal at the target itself.  Regarding the Dow, I was surprised myself to see that, from a purely technical standpoint, a mere 19457 would seem to be as bullish as it gets. You should also jot down 18973, since that Hidden Pivot also has the potential to reverse the bullís nearly six-year rampage.


| Digg This Article
 -- Published: Monday, 29 December 2014 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.