Rick Ackerman

Articles by Rick Ackerman

Silver futures sold off hard Wednesday after peaking around mid-session, but not before generating the most promising bullish impulse leg that we’ve seen in a long while. Notice in the chart that the modest rally, which lasted for just a...
Is it possible that wage inflation is re-emerging in the US after a 35-year hiatus? That’s what the experts seem to believe, but there are good reasons to think they will be wrong. Consider the substantial pay increase that minimum-wage...
There has been precious little buying power behind the TrumpSanta rally these last few days, but the selling has been even feebler. The net result has been a slow, steady waft higher that has not quite recouped what was lost in just two...
The 19727 target we were using to stay on the right side of the rampaging bull has gotten trashed, suggesting buyers are in need of no rest, even after climbing 2550 points from the election night low. A run-up to 20,000 seemed in-the-bag...
Several feints higher in the last week have done little more than trap bulls looking for a breakout. None of the rallies exceeded the two external peaks labeled in the chart, casting doubt on the enthusiasm and buying power of bulls. This...
The March contract on Tuesday exceeded a long-term target at 2270.00 by three points, a seemingly modest feat that could have very bullish implications going forward. Although the small overshoot was not sufficient for us to regard...
Switching to the March E-Mini S&P makes clear that it is much closer to a potential major top than the December contract. The latter still has about 30 points of running room before it hits a 2299.00 target, and the stop-loss I’ve...
Although COMEX Gold offered no similar encouragement, March Silver’s rally on Monday was strongly impulsive, implying as it has that the futures are a decent bet to reach the 17.295 target within the next 2-3 days. Moreover, if buyers are...
Doc Copper has swung wildly since November’s moon shot and seems likely, on the visually evidence of the charts, to attempt another spectacular leap. Assuming the gyrations of the last three weeks have been a consolidation for a follow-...
The previous chart showed a rally target of moderate importance at 2250.00 derived from a low recorded on November 9. Here’s an alternative target at 2240.50 that comes from a larger pattern (see inset). There is yet one more target at...

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During 1500s the Spaniards had taken 16,000,000 kilograms of silver from Peru.