http://3ww.silverseek.com/commentaries/rss/2096 Goldseek Commentaries en Silver's Amazing Losing Streak Recalls Phillies' 1961 Season http://3ww.silverseek.com/commentary/silvers-amazing-losing-streak-recalls-phillies-1961-season-16557 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Silver’s losing streak could make it into the record book if it continues for yet a little while longer. The July contract has fallen for 13 straight days and is starting to look like the 1961 Philadelphia Phillies, who lost 21 straight games before beating the Milwaukee Braves 7-4 on a stiflingly hot day in August, 1961. I was a bigger Phillies fan back then than I am a silver fan now. They had Robin Roberts, Stan Lopata, Harry Anderson, Ed Bouchee and a catcher name Carl Sawatski who is best remembered, if remembered at all, for having caught behind home plate without a chest protector. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Friday, May 5th</span> </div> </div> </div> <p><a href="https://www.rickackerman.com/wp-content/uploads/2017/05/Silvers-amazing-losing-streak.jpg"><img src="https://www.rickackerman.com/wp-content/uploads/2017/05/Silvers-amazing-losing-streak.jpg" width="562" height="309" /></a></p><p><a href="http://3ww.silverseek.com/commentary/silvers-amazing-losing-streak-recalls-phillies-1961-season-16557" target="_blank">read more</a></p> Fri, 05 May 2017 04:47:09 +0000 Rick Ackerman 16557 at http://3ww.silverseek.com What May Silver Must Do http://3ww.silverseek.com/commentary/what-may-silver-must-do-16508 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> May Silver is correcting a rally to an 18.665 target that took ten weeks to reach, so we should expect the futures to take more than a few days to recoup their strength. If not and they come bounding back to make new recovery highs this week or early next, that would bolster the odds that bulls are bound for the 22.644 target introduced here yesterday. In the meantime, we can use the pattern shown to project a 17.775 target for the retracement. If the futures instead were to turn higher without having gone below the 18.070 midpoint Hidden Pivot, and then rally to exceed 18.365, that would be extremely bullish. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, April 20th</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 10pt;"><a href="https://www.rickackerman.com/wp-content/uploads/2017/04/If-Silver-reverses-without.jpg"><span style="line-height: 115%; font-family: 'Verdana','sans-serif'; font-size: 10pt; color: #000000;"><img src="https://www.rickackerman.com/wp-content/uploads/2017/04/If-Silver-reverses-without.jpg" width="564" height="309" /></span></a></p><p><a href="http://3ww.silverseek.com/commentary/what-may-silver-must-do-16508" target="_blank">read more</a></p> Thu, 20 Apr 2017 13:46:52 +0000 Rick Ackerman 16508 at http://3ww.silverseek.com Comex Silver's Diabolical Evasions http://3ww.silverseek.com/commentary/comex-silvers-diabolical-evasions-16482 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Technically speaking, the futures became a ‘mechanical’ buy on this morning’s plunge to the red line, a midpoint Hidden Pivot support at 17.745. In practice, however, due to the $1500-per-contract entry risk, the only way I could have suggested getting aboard would have been to ‘convert’ the mechanical signal to a &#039;camouflage&#039; one. This is never an easy task, and that’s why I didn’t suggest it. Lest subscribers feel they missed an opportunity, the ‘camo’ entry approach, even on the 3-minute chart, and even seen in retrospect, was treacherous, to put it mildly. What this implies is that we will get long in silver futures using only the most cautious approach. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, April 10th</span> </div> </div> </div> <p><a href="https://www.rickackerman.com/wp-content/uploads/2017/04/Even-in-hindsight-Silver.jpg"><img src="https://www.rickackerman.com/wp-content/uploads/2017/04/Even-in-hindsight-Silver.jpg" width="564" height="310" /></a></p><p><a href="http://3ww.silverseek.com/commentary/comex-silvers-diabolical-evasions-16482" target="_blank">read more</a></p> Tue, 11 Apr 2017 03:09:45 +0000 Rick Ackerman 16482 at http://3ww.silverseek.com Is Silver's Tortuous Rally Masking Strength? http://3ww.silverseek.com/commentary/silvers-tortuous-rally-masking-strength-16459 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> There’s nothing at this point to make one think May Silver won’t eventually reach the 18.665 rally target we’ve been using since, like, forever. But couldn’t bulls have accomplished this modest feat with a little more brio? In any event, we’ll need to see a decisive thrust past 18.665 before we can infer confidently that buyers have been masking their strength. If so, that would be a great way for a monster rally to take off, since there will be plenty of skeptics who are NOT aboard as it leaves the launching pad. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, April 3rd</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 10pt;"><a href="https://www.rickackerman.com/wp-content/uploads/2017/04/Is-Silvers-tortuous-rally.jpg"><span style="line-height: 115%; font-family: 'Verdana','sans-serif'; font-size: 10pt; mso-bidi-font-family: Arial;"><img src="https://www.rickackerman.com/wp-content/uploads/2017/04/Is-Silvers-tortuous-rally.jpg" width="558" height="341" /></span></a></p><p><a href="http://3ww.silverseek.com/commentary/silvers-tortuous-rally-masking-strength-16459" target="_blank">read more</a></p> Tue, 04 Apr 2017 02:59:17 +0000 Rick Ackerman 16459 at http://3ww.silverseek.com Silver's Kamikaze Dive http://3ww.silverseek.com/commentary/silvers-kamikaze-dive-16373 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> May Silver hit an air pocket Thursday morning, dropping 70 cents, or nearly four percent, in the space of an hour. From a technical standpoint the kamikaze dive tripped a short-sale signal at 17.755 that is tied to a 15.355 target. I expect the nastiness to come down to at least 16.948, the midpoint pivot indicated by the red line. If bulls are going to turn things around, that’s where they’ll have the best chance of succeeding. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, March 2nd</span> </div> </div> </div> <p><a href="http://www.rickackerman.com/wp-content/uploads/2017/03/May-Silver-tripped.jpg"><img src="http://www.rickackerman.com/wp-content/uploads/2017/03/May-Silver-tripped.jpg" width="561" height="313" /></a></p><p><a href="http://3ww.silverseek.com/commentary/silvers-kamikaze-dive-16373" target="_blank">read more</a></p> Fri, 03 Mar 2017 03:25:29 +0000 Rick Ackerman 16373 at http://3ww.silverseek.com Some Crucial Benchmarks for Silver http://3ww.silverseek.com/commentary/some-crucial-benchmarks-silver-16364 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> The rally pattern shown, with a Hidden Pivot target at 18.260, was so clear and compelling that we should assume that because the futures exceeded it decisively, they have sufficient energy for another leg up once the current correction has run its course. The more quickly this occurs, the better the odds that the next upthrust will take out the key high at 19.120 recorded on election night. That’s a very important benchmark, since any rally that exceeds it would put a 22.024 target in play. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, February 27th</span> </div> </div> </div> <p><span style="color: #000000;"><a href="http://www.rickackerman.com/wp-content/uploads/2017/02/Decisive-push-past-so-clear.jpg"><span style="color: #000000;"><img src="http://www.rickackerman.com/wp-content/uploads/2017/02/Decisive-push-past-so-clear.jpg" width="561" height="314" /></span></a></span></p><p><a href="http://3ww.silverseek.com/commentary/some-crucial-benchmarks-silver-16364" target="_blank">read more</a></p> Mon, 27 Feb 2017 23:56:43 +0000 Rick Ackerman 16364 at http://3ww.silverseek.com A Bullish Take on Silver's Nasty Reversal http://3ww.silverseek.com/commentary/bullish-take-silvers-nasty-reversal-16319 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Because of the gratuitous nastiness of yesterday’s reversal, I’ve selected a chart for today that shows a bullish pattern big enough not to have been affected by it. Indeed, in this picture, March Silver would become a speculative ‘mechanical’ buy on a pullback to the red-line pivot; and an even more enticing one if the futures were to fall all the way back to the green line 65 cents below. That would represent a decline of about 3.6%, so we needn’t be terribly concerned if sellers were to hit this vehicle hard for another day or two, driving it down by perhaps a further 40-50 cents; the move would still look merely corrective. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, February 9th</span> </div> </div> </div> <p><a href="http://www.rickackerman.com/wp-content/uploads/2017/02/Silver-reversal-just-a-gnat.jpg"><img src="http://www.rickackerman.com/wp-content/uploads/2017/02/Silver-reversal-just-a-gnat.jpg" width="563" height="309" /></a></p><p><a href="http://3ww.silverseek.com/commentary/bullish-take-silvers-nasty-reversal-16319" target="_blank">read more</a></p> Fri, 10 Feb 2017 04:34:16 +0000 Rick Ackerman 16319 at http://3ww.silverseek.com Timely Thoughts on Silver http://3ww.silverseek.com/commentary/timely-thoughts-silver-16284 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> The futures appear headed to the 16.580 target shown. I posted this Hidden Pivot support in the chat room Thursday morning, but it was probably of little help to traders because of the downtrend’s rabid demeanor. I am not suggesting bottom-fishing with the usual penny-ante stop-loss, since the target closely coincides with some important lows from mid-January. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, January 26th</span> </div> </div> </div> <p><a href="http://www.rickackerman.com/wp-content/uploads/2017/01/SI-bulls-will-have-more.jpg"><img src="http://www.rickackerman.com/wp-content/uploads/2017/01/SI-bulls-will-have-more.jpg" width="561" height="307" /></a></p><p><a href="http://3ww.silverseek.com/commentary/timely-thoughts-silver-16284" target="_blank">read more</a></p> Fri, 27 Jan 2017 03:43:39 +0000 Rick Ackerman 16284 at http://3ww.silverseek.com Why Silver's Small Rally Packed a Big Punch http://3ww.silverseek.com/commentary/why-silvers-small-rally-packed-big-punch-16265 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> 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 couple of hours, exceeded two prior peaks stretching all the way back to mid-November. This implies that there’s some real power pushing silver higher, notwithstanding the whipsaw price action that concluded the day. It also implies that any weakness in the days or even weeks ahead is corrective and therefore a potential buying opportunity. We’ll be looking to use the lows labeled in green to create trade set-ups that can significantly reduce entry risk. Stay tuned to the chat room for further guidance in real time. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Wednesday, January 18th</span> </div> </div> </div> <p><a href="http://www.rickackerman.com/wp-content/uploads/2017/01/SI-move-more-powerful-than-it-looks.jpg"><img src="http://www.rickackerman.com/wp-content/uploads/2017/01/SI-move-more-powerful-than-it-looks.jpg" width="560" height="308" /></a></p><p><a href="http://3ww.silverseek.com/commentary/why-silvers-small-rally-packed-big-punch-16265" target="_blank">read more</a></p> Thu, 19 Jan 2017 03:20:58 +0000 Rick Ackerman 16265 at http://3ww.silverseek.com What Silver Needs to Do http://3ww.silverseek.com/commentary/what-silver-needs-do-16183 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> 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 is no problem that yet another flurry of buying wouldn’t cure, but until it happens we should reconcile ourselves to more humdrum price action — or possibly the futures taking the path of less resistance and heading lower. Were that to occur, we could expect March Silver to fall to at least 15.995 before finding traction for a reversal attempt. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Wednesday, December 14th</span> </div> </div> </div> <p><a href="http://www.rickackerman.com/wp-content/uploads/2016/12/What-needs-to-happen.jpg"><img src="http://www.rickackerman.com/wp-content/uploads/2016/12/What-needs-to-happen.jpg" width="562" height="308" /></a></p><p><a href="http://3ww.silverseek.com/commentary/what-silver-needs-do-16183" target="_blank">read more</a></p> Thu, 15 Dec 2016 04:46:16 +0000 Rick Ackerman 16183 at http://3ww.silverseek.com