Silver Still Underperforms Gold
While the yellow metal hit a new record high, the silver price remains below its post-pandemic peak.
Expert's Profile
Rick Ackerman
Phenomenally accurate forecasts for stocks and commodities
Most recent content
Gold Struggles Above $2,070
Despite calls for $2,500, sellers are quick to exit their positions when the gold price approaches its previous monthly highs.
Silver Salivates Over Rate Cuts
Will pivot stars continue to light silver’s way, or is the white metal headed for a significant reversal?
Gold Shines as the Economic Outlook Darkens
While looser monetary policy may seem bullish in the short term, the medium-term ramifications could upend the yellow metal.
Silver’s Rock and a Hard Place
Caught between conflicting forces, will pivot optimism outweigh the economic malaise that should unfold in the months ahead?
Approach / Strategy
What Is a Hidden Pivot?
When a stock's price fluctuates, it reflects the ongoing balance between supply and demand, likened to the natural flow of yin and yang. Stock movements resemble an "inhale" and "exhale" pattern, with each rise (zig) having a corresponding fall (zag).
Hidden pivots lie at key turning points within stock movements, helping determine price changes with precision, and they are “hidden” because they cannot be detected using such conventional technical tools as trendlines, support and resistance lines, Fibonacci levels, Gann angles, momentum oscillators or stochastic indicators. While Elliott Wave Analysis can offer similar insights, the hidden pivot method is simpler and more straightforward for traders to use.
Full Bio
Rick Ackerman is a seasoned trader, known for his 40+ years in the financial markets. He spent 12 years as an options market maker on the Pacific Coast Exchange and is now the editor and publisher of Rick's Picks, an online service for traders from novice to expert.
In the trading world, Rick is known for the unusual accuracy of his price predictions and for developing the Hidden Pivot Method that he uses to trade and forecast. His insights have been featured on CNBC, Bloomberg, and publications like Barron’s and The San Francisco Examiner. His provocative insights and timely trading calls have made him a frequent guest on shows hosted by Max Keiser, Greg Hunter, Corey Fleck, and Jim Goddard, among others. Ackerman also helped solve a famous pill-tampering case, earning recognition from the FBI.