Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Roughly 1% on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 2 23 2018
By: Ira Epstein

Unintended Consequences, Part 1: Bigger Deficits = Higher Interest Rates =…Many Bad Things
By: John Rubino

A Roman lesson on inflation
By: Alasdair Macleod

COT Gold, Silver and US Dollar Index Report - February 23, 2018

One Belt, One Road, One Direction for Precious Metals
By: David Smith

How global growth and infrastructure are driving commodities
By: Richard (Rick) Mills

Gold’s Curious Sentiment
By: Adam Hamilton, CPA

Dow Jones Tanks As Silver Market Price Bottoming
By: Steve St. Angelo

GoldSeek Radio Nugget: Andy Schectman and Chris Waltzek


GoldSeek Web

Precisely Tradable Numbers for Gold Bulls

By: Rick Ackerman, Rick's Picks

 -- Published: Monday, 7 March 2016 | Print  | Disqus

Friday’s wacky price swings easily exceeded the 1273.80 rally target we’d been using for the last several weeks. This Hidden Pivot lodestar helped keep us confidently on the right side of the move, even when the rally stalled, sometimes for days at a time. The $7 overshoot of 1273.80 suggests that bullish ABC patterns of a larger degree are at work pushing gold higher, including one with a 1384.10 target that was included with the last tout. For the moment, however, we should use a somewhat less ambitious pattern to take the stress and guesswork out of trading this vehicle’s ups and downs in the days ahead.  The one shown has a 1308.80 target that has been well validated by some precise hits at both p and D.  (Note that last week’s peak at 1280.70 occurred a mere $1.20 from where we might have predicted.)

For trading purposes, I’d suggesting getting long at p=1250.15 using ‘camouflage’; or ‘mechanically’ at 1220.83, stop  1191.40, provided you know how these trade set-ups work.  My hunch is that a ‘mechanical’ entry on a pullback to 1250.15, stop 1230.60, would get us aboard with little discomfort, but I am reluctant to recommend this strategy on a Sunday night, since one never knows what sort of mood will greet the new week. Let me mention as well that a move to the 1308.80 target would slightly exceeded the ‘Matterhorn’ peak at 1308.00 recorded in January 2015.  I’ve commented on the significance of this peak, but to refresh your memory, let me repeat this again: An upward penetration of 1308.00, however slight, would be very bullish — enough so, in my estimation, to break the back of the bear market begun in November 2011. 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: Monday, 7 March 2016 | E-Mail  | Print  | Source:

comments powered by Disqus


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2017 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of 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 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, its affiliates or advertisers. 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, is strictly prohibited. In no event shall or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.