Gold, Silver Back To Bargain Levels
By: Rick Ackerman, Rick's Picks | 24 July, 2008

So what do we think of the bearish price action yesterday in precious metals? We see it as a buying opportunity, and we will therefore continue to update our forecasts with correction targets that can be bottom-fished with relatively little risk. In the meantime, anyone who thinks the selling in precious metals is going to continue for much longer obviously does not understand the implications of a Federal budget deficit soon to leap above $10 trillion and presumably out of control. Full Story

Downside Targets For Silver & Gold
By: Rick Ackerman, Rick's Picks | 19 September, 2006

Gold stocks got pounded once again yesterday, buttressing an earlier forecast here of a further decline in December Gold futures to at least $513. We’ll continue to fish for a bottom in selected stocks as gold falls, since this can nearly always be done without risking much more than small change, However, I have my doubts that any significant turn will occur before the target is reached. Full Story

Are T-Bonds About to Dive?
By: Rick Ackerman, Rick's Picks | 2 March, 2006

For those of you who missed yesterday’s intraday bulletin on Comex Silver, here it is: May Silver has blown past the 10.160 rally target I gave here a while back. Since the next hidden-pivot resistance above is 10.270, we'll make that our minimum upside projection for the very near-term. I am confident the intermediate-term bull cycle begun in December will reach a minimum 10.776 before it takes a healthy rest. In fact, Silver surged anew after I posted this alert, pushing as high as 10.265 – a half-cent from my target – in early-night trading. We covered a very small short position in Agnico Eagle just before the surge. Full Story

Junk Silver’s Role in a Crisis
By: Rick Ackerman, Rick's Picks | 14 December, 2005

Concerning the usefulness of silver in a currency system in which metal backing has been restored, I agree with you that having a couple bags of junk silver around could prove to be a lifesaver. Many years ago, I bought a few bags myself near the top – that was before I learned about hidden-pivot price targets -- and wound up reselling them to the dealer for less than a third of what I’d paid for them. It left me somewhat skittish about repeating the mistake, but I’ve come around in the last few years, especially after buying so many Tooth Fairy silver dollars for my kids. Full Story

One Silver Bull Who’s Not Scared
By: Rick Ackerman | 6 May, 2004

We’ll let the Warren Buffett piece ride till tomorrow, since I want to get something else of particular interest out to you this evening. I’ve just received an insightful letter from a long-time pen-pal, Karl, who sees bullish parallels between silver’s current, corrective chart pattern and the pattern it traced out between 1974 and 1978 before going parabolic. Full Story