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

Gold: A $100 Price Sale
By: Stewart Thomson

Gold Market Charts – May 2018
By: BullionStar

Blockchain Will Completely Revolutionize How We Mine Gold and Precious Metals
By: Frank Holmes

Is Oil About To Become Front-Page News? “A Glut That Held Prices Down For Years Is Essentially Gone”
By: John Rubino

Jack Chan's Weekly Precious Metals Update
By: Jack Chan

Mayday, Mayday, Gold Is Sinking!
By: Arkadiusz Sieron

Gold 2048: The Next 30 Years For Gold
By: GoldCore

Gold Seeker Closing Report: Gold and Silver Reverse Overnight Losses To End Higher
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 5 21 2018
By: Ira Epstein

Gold, Silver and US Dollar Updates with Review of Latest COTS
By: Clive Maund

 
Search

GoldSeek Web

 
Mr. Market Is About to Screw Permabears

By: Rick Ackerman, Rick's Picks

 -- Published: Tuesday, 18 August 2015 | Print  | Disqus 

Mr. Market has been making it extremely painful for bears to stay short. The reason for this is that nearly everyone we know is bearish right now; and, for the first time in more than six years, it would appear that they are finally going to be right. The market is in a major topping process as far as we can tell, but there’s no way all of us permabears are going to make a big score when stocks collapse. Mr. Market simply doesn’t work that way, although the precise manner in which he will screw bears out of the payoff they’ve awaited for years is maddeningly unpredictable.

My own favorite scenario begins with a devastating short-squeeze rally on a Friday, followed by some geopolitical or financial disaster over the weekend that causes stocks in Asia and Europe to collapse Sunday night. By the time U.S. traders awaken on Monday morning, most of the damage will already have been done. U.S. stocks will open on a breathtaking, unshortable gap lower, leaving the algos and high-frequency traders to beat each other to death. (Even the darkest cloud has a silver lining.)

More immediately, and based on a 2096.50 rally target that served us well yesterday for purposes of picking a short-term top, the futures’ subsequent push past it implies they are bound for the 2134.50 target shown. It is tradable from  either side of the market, bull or bear, but you should be prepared for a stall — also possibly tradable — at p2=2112.50. That pivot can serve as out minimum upside target for the very near term, but it may be of value only to night owls.  Click here for a free two-week trial subscription to Rick’s Picks that will give you access not only to daily trading ‘touts’, bulletins, updates and impromptu trading sessions, as well as to a 24/7 chat room that draws veteran traders from around the world.


| Digg This Article
 -- Published: Tuesday, 18 August 2015 | 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.