Rick Ackerman

The bullish pattern shown projects to 93.99 and corresponds to the one accompanying the current Gold tout. A key difference is that Silver did not signal a 'mechanical' buy, or at least not one that would still be "live". That could actually be construed as a sign of strength, since the futures did not pull back far enough to touch the green line (x=69.744) where we initiate most of our 'mechanical' trades. If it does so this week, however, don't hesitate to buy there, albeit with a 'camo' trigger that would spare us the approximately $40,000 of entry risk associated with a textbook stop below 'c'.

These weekly commentaries have struggled to make sense of a world in geopolitical chaos but which is nonetheless transfixed by a financial melt-up that cannot end other than disastrously. Still more challenging is predicting the day-to-day effects on a stock market whose behavior is a perfect analog for acute, mass mental illness. By ascending without pause into celestial heights, the market is saying it doesn't give a fuck about the Strait of Hormuz, war with Iran, the AI bubble, Trump's falling poll numbers, Europe's decline into economic darkness, rising oil prices that threaten to implode the global economy, bloated earnings multiples, stubbornly firm interest rates, a big victory for Democrats in November, or a next round of inflation that will make what has occurred so far seem like just a warm-up. Bloomberg's Dart Board Concerning the price of crude oil, let me cut to the chase so that you don't have to waste precious time listening to some amateur on Bloomberg choke out dart-board guesses: NYMEX June Crude, which settled on Friday at 102.50, down 2.57 a barrel, is about to rise to 128.19. Furthermore, if it relapses to 91.28 in the interim, don't mistake this for a sign of respite; for in fact, crude would become a fetching "buy" there, predicated on an implied 40% run-up to 128.19.  While that might be enough to wipe the idiotic grin from Wall Street's face, don't be surprised if the broad averages seem to hold their own.  Whatever it takes to end the 17-year-old bull market is probably too terrifying to imagine. But the catalyst will necessarily be deflationary, since the bull market has been built on an expansionary mindset that has multiplied and rotated OPM into stocks that have faced little resistance. Insiders have finally begun to sell, and so should

The potentially important low I signaled a week ago caught the exact bottom of a powerful, $20 rally. It came within 11 cents of the 98.50 target for the June contract, then receded by nearly $6 to finish the week. Are bulls depleted? We may know soon, since, with moderate selling to start the new week, the retracement will test the 89.41 midpoint Hidden Pivot support of a reverse pattern on the daily chart (a= 96.93 on 4/13). It should hold if Crude is going to challenge the spike high at 104.34 recorded on March 9.  Otherwise, a decisive breach of p would open a path down to at least 80.43.  This analysis should prove as accurate as the one proffered last week, since the patterns on the chart are equally compelling.

The chart leaves little doubt that June Gold will achieve the 5144.00 target, a Hidden Pivot. If it takes as much time to get there as it did to complete the A-B impulse leg, this should happen within the next ten days or so. A pullback to the green is not inconceivable; it would add more time to the ascent but would also be a gift, since the 'mechanical' buy signal it would trigger would be of the highest quality.  Our main concern should be price action when the uptrend reaches 'D', since a decisive move past it would imply significantly higher prices lie ahead, starting with a test of January's all-time high at 5666.

Although silver's price action has been somewhat more subdued than gold's, I've adjusted the bullish pattern on the weekly chart to produce a rally target commensurate with gold's. A similarity you should be prepared to exploit is that a pullback to the green line would create a very attractive 'mechanical' buying opportunity. We would want to cash out of half the position on a one-level bounce back to p=77.530, since the price action on the chart suggests Silver will be more challenged by gravity to sprint toward d=93.850 once it has left the starting block at the green line.

We caught a favorable breeze after getting long last week at 121.17, the midpoint Hidden Pivot of the bullish reverse pattern shown. We seldom initiate 'mechanical' trades at the red line, but in doing so this time, we may have jumped the gun. The position feels a little precarious, so I'll suggest taking a profit on half when this symbol starts trading on Monday morning. Assuming GDXJ opens above our acquisition price, you should set a break-even stop-loss for the rest.  Odds are still in our favor, given the easy move through p on the way up, and also the fact that it has racked up four consecutive weekly closes above p since the red line was first touched. ______ UPDATE (Apr 27, 10:44): Exiting half of our long position at 122.86 on the opening yields a cost basis of 119.47 for what remains. Tie it to a 121.05 stop-loss for the time being.

This week's chart is so fraught with significance that merely talking about it could create a problem for us, albeit a metaphysical one. First, I will refrain from typing the price associated with the red line, since that would almost surely queer the likelihood it will work as intended. It will work nonetheless, to the extent it tells us with high reliability whether Microsoft is on its way into the stratosphere. This information will be invaluable, since the stock remains the most dependable bellwether we have for the bull market. Is MSFT going to the 556.06 target, or will it instead get stopped dead at the midpoint Hidden Pivot? We shall see. I am quite sure, though, that I have chosen the correct pattern, for one reason: there are no alternatives -- i.e., two of the three coordinates are 'locked', and the third is a glow-in-the-dark choice, if not absolute. I doubt that hundreds of subscribers can keep a secret, but that's what I will ask. Please don't discuss this chart outside of the chat room or disseminate it to outsiders.  For trading purposes, your bias should be bullish at least until the red line is reached.

Is there a tokenized investment in your future? With so many white elephants to unload, Wall Street's rep could come calling on you at any time. He will offer you a virtual piece of America's future, claiming it will grow wealth for your children and grandchildren. However, when you sit down with this cheery fellow to go over the fine print, just remember that his brain is nearly identical genetically to that of the seagull that swoops down on your lunch at a seaside café. And exactly which piece of the rock will your hard-earned dollars secure? Almost certainly, the pitch will feature commercial real estate or AI infrastructure. The latter will include not only huge power plants and water coolers, along with acres of computers, but all the hot air exhausted by a Billionaire Boy's Club that has been hustling some of the most ambitious projects the galaxy has ever seen. Hot Air for Sale Obsolete skyscrapers and AI's overhyped revenue potential are the chief sources of anxiety in banksters' portfolios these days, with notional sums at risk of perhaps $20 trillion or more, and growing. All of it has been financed to colossal excess by banks that have grown understandably eager to spread the risk onto rubes like you and me. Voila, the tokenized investment! That's why tokens were invented: to divvy up epic chunks of glitz into a million pieces small enough for the little guy to get in on the action. He needn't worry about being shut out, since the deals just keep coming. So greedy and stupid are the lenders that they are still hatching galactically large projects even as warning signs flash red. Oracle's partnership with OpenAI, for instance. This gambit is slated to launch in 2027 at a value of $500 billion. The

The 7208.75 rally target has excellent potential as a place to get short, although we shouldn't expect it to contain the stampede. With a conceivably perpetual cease-fire in the offing, this would seem to be the kind of uncertainty Wall Street can live with. Trump might wind up achieving none of his key objectives in the war, but that hardly matters to investors stoked by greed from the stock market's robust performance amid an ostensible global crisis. The nearest significant obstacle is a midpoint Hidden Pivot at 7230.25, but if the futures shred it, the previously mentioned 8107.25 target will be in play.