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

Are We Headed for a Passive Index Meltdown?
By: Frank Holmes

Post-Lehman Legacy and Gold
By: Arkadiusz Sieron

GoldSeek Radio Nugget: John Williams and Chris Waltzek
By: radio.GoldSeek.com

Silver Eagle Sales Surge In September As U.S. Mint Resumes Supply
By: Steve St. Angelo

Can Bitcoin's True Value Be Zero?
By: Avi Gilburt with Ryan Wilday

Dalio Warns Of Dollar Crisis – “History Is Doomed To Repeat Itself”
By: GoldCore

Gold Seeker Closing Report: Gold and Silver Gain with Oil
By: Chris Mullen, Gold Seeker Report

Gold Stocks Remain in Downtrend but Uranium Stocks on the Cusp of New Bull Market
By: Jordan Roy-Byrne CMT, MFTA

Sunsets in the Land of U.S. Dollar Hegemony
By: Michael Ballanger

Precious Metals Sector: It’s 2013 All Over Again
By: Przemyslaw Radomski, CFA

 
Search

GoldSeek Web

 
Selling Climax Needed to Inspire Real Fear

By: Rick Ackerman, Rick's Picks

 -- Published: Tuesday, 6 February 2018 | Print  | Disqus 

Index futures were getting savaged late Monday night as DaBoyz worked feverishly to exhaust sellers so that They can run stocks up the ol’ wazoo ahead of the opening bell.  This is a dangerous game, even for the thimble riggers who control America’s securities exchanges. I’d flagged the 2533.50 downside target shown (click thumbnail inset) for the E-Mini S&Ps less than an hour ago, when it looked like it would take the whole night to get there. If it has been exceeded by the time you read this, shift your sights downward to 2499.25, and thence to 2467.50. As always, the more easily each successive Hidden Pivot target gives way, the more likely the next is to be reached. Is this the start of the Big One? Speaking as an inveterate permabear, my answer is no. I believe the selloff is merely corrective but that it won’t end until permabulls start showing signs of real fear. This has yet to occur as far as I can surmise, and it could conceivably take climactic selling far nastier than what has occurred thus far to bring them around. If you don’t subscribe but want to join in the fun, click here for a two-week free trial to Rick’s Picks, including access to a 24/7 chat room that draws great traders from around the world.

 


| Digg This Article
 -- Published: Tuesday, 6 February 2018 | 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.