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 Seeker Weekly Wrap-Up: Gold and Silver Fall About 2% on the Week
By: Chris Mullen, Gold Seeker Report

COT Gold, Silver and US Dollar Index Report - October 20, 2017
By: GoldSeek.com

Ira Epstein's Metals Video 10 20 2017
By: Ira Epstein

Possibly the Most Important Thing About Gold You’ll Read All Year
By: Marin Katusa

Why central banks disagree with Gary North about gold
By: Chris Powell

Silver Stocks Comatose
By: Adam Hamilton, CPA

GoldSeek Radio Nugget: Harry S. Dent Jr. and Chris Waltzek
By: radio.GoldSeek.com

Leveraging Gold and Silver
By: James Turk

The Productivity Myth
By: Alasdair Macleod

Calm Before The Storm
By: Peter Schiff

 
Search

GoldSeek Web

 
What the Next Crash Might Look Like

By: Rick Ackerman, Rick's Picks

 -- Published: Thursday, 11 February 2016 | Print  | Disqus 

http://www.rickackerman.com/wp-content/uploads/2016/02/Futures-may-need-to-vamp.jpg

The composite weekly chart (see inset) allows us the interpretation that January’s low surpassed not only the August 2015 bottom, but the key low recorded in October 2014.  Thus was the sharp selloff last month powerfully impulsive. Moreover, it portends another leg down, presumably within the next 2-4 weeks, to as low as 1669.25.  From a visual standpoint, it is hard to imagine a second leg down as steep as January’s. But even allowing for a couple of sideways bars for the next week or two, the futures are unlikely to avoid a test of the midpoint Hidden Pivot support at 1804.63. My gut feeling is that this number will be decisively exceeded the first time the downtrend encounters it, implying further slippage to at least 1736.94, the pattern’s ‘secondary’ pivot.  Regardless, the fact that last month’s plunge took out two prior lows of weekly-chart degree all but guarantees that any rally from these levels will fail.  The big moves will be to the downside in the months and possibly years ahead, and we should therefore take greater risks to get short. We did so during Wednesday’s weekly tutorial session with a ‘forced’ short that failed by a tick to catch the high of the 26-point plunge that ensued. We’ll keep trying, so stay tuned to the chat room for guidance in real time. If you would like to learn more about the Hidden Pivot Trading Method, click here.  Many who frequent the Rick’s Picks chat room have mastered it.  Meet and converse with them by taking a free trial subscription here.


| Digg This Article
 -- Published: Thursday, 11 February 2016 | 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.