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

Technical Scoop - Weekend Update August 19 2018
By: David Chapman

Bridging the ‘fourth turning’ with gold
By: Michael J. Kosares

Bitcoin: Landing Gear Engaged. Bottom Is Still a Process
By: Ryan Wilday

The Good News Economy
By: John Mauldin

Great News For (The Remaining) Gold Bugs: Gold AND Silver Futures Speculators Are Now Net Short
By: John Rubino

BIG TROUBLE BREWING AT THE BAKKEN: Rapid Rise In Water Production Signals Red Flag Warning
By: Steve St. Angelo

Nine Years. Is That Enough?
By: Arkadiusz Sieron

Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Over 2% and 3% on the Week
By: Chris Mullen, Gold Seeker Report

COT Gold, Silver and US Dollar Index Report - August 17, 2018
By: GoldSeek.com

Why the uranium price must go up
By: Richard (Rick) Mills

 
Search

GoldSeek Web

 
Bears Lick Wounds, Prepare for Their Next Ass-Whooping

By: Rick Ackerman, Rick's Picks

 -- Published: Monday, 22 May 2017 | Print  | Disqus 

https://www.rickackerman.com/wp-content/uploads/2017/05/Buying-binge-sputteed-out.jpg

I posted a 2390.25 rally target in the chat room Friday midway through the session, but the futures never quite got there. At the closing bell, they had failed in this relatively modest task by 2.25 points. In retrospect, as the chart makes clear, buyers felt no urgency about taking on the 2388.75 peak where Wednesday’s refreshing but unfortunately short-lived dive commenced. Looking just ahead, I’ll go out on a limb with a prediction that because short-covering bears have been temporarily squeezed for all they’re worth, they will be unable to furnish sufficient buying power on Monday to push the broad averages into new record territory. But don’t expect stocks to fall apart — only to screw the pooch for a couple of days until bears have recouped enough confidence to be ready for another ass-whooping. Bears forced to cover short positions continue to be the main source of buying power in this bull market, but even they need a rest now and then. If you don’t subscribe but would like to join great traders from around the world in the chat room, click here for a free two-week trial subscription. You’ll also receive actionable trading ‘touts’ and invitations to frequent ‘impromptu’ sessions where Rick ‘takes requests'.


| Digg This Article
 -- Published: Monday, 22 May 2017 | 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 - 2018



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.