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 Gold Cartel, Sex Scandals, and GATA
By: Bill Murphy

Gold Market Consolidates Near Important Levels as Government Shuts Down
By: Stefan Gleason

The Metals Are Building Another Launching Pad
By: Avi Gilburt

SWOT Analysis: Will Gold Continue to Rally Into the Chinese New Year?
By: Frank Holmes

I Bet My Blog on a 2018 Economic Collapse — 2018 Economic Predictions
By: David Haggith

Gold Set Up For Big Move This Year – What About Cryptos?
By: Dave Kranzler

Medicare Premiums Are A Shared Pool - Eight Coming Changes That Will Transform Retirement (Social Security Indexing Part 5)
By: Daniel R. Amerman, CFA

The Fed’s “Frankenstein” Policies Are About to Turn on Their Master
By: Graham Summers

2018: Year of Accelerating Social Change - Part III
By: Gordon Long

Technical Scoop - Weekend Update Jan 22
By: David Chapman

 
Search

GoldSeek Web

 
Gold Skids After Bulls Come Up Short

By: Rick Ackerman, Rick's Picks

 -- Published: Wednesday, 24 May 2017 | Print  | Disqus 

https://www.rickackerman.com/wp-content/uploads/2017/05/According-to-Matts-rule.jpg

Buyers were repelled today by the 1263.80 ‘secondary’ pivot shown, failing badly in their attempt to achieve the 1269.80 rally target that had  looked so promising at Monday’s close. The chart will likely have something to say about ‘Matt’s rule,’ whereby a stall exactly at the secondary pivot usually proves fatal to the minor trend. In this case, according to Matt, a regular in the Rick’s Picks chat room who trades mostly Silver, it would imply more slippage to beneath the 1245.70 point ‘C’ low. That wouldn’t kill the larger uptrend that has been in progress since May 9, but it would certainly dampen bullish spirits for the time being. For now, we’ll move to the sidelines, since the only opportunity that seems imminent would be a scalp-short overnight. 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: Wednesday, 24 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 - 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.