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214 Search Results for "Rick Ackerman"
June 2, 2024 | Market’s Insanity Is Tightly Scripted
Speaking of my fellow gurus, our switchboards have lit up to warn that something big is looming. Even the oddballs who think stocks are headed much higher seem to agree that a punitive correction is long overdue. And although each of us would like to believe that the arrival time of whatever dreadnought is coming […]
May 30, 2024 | Markets in Danger of Major Slippage
Which stock is the bell-weather for the markets?
May 19, 2024 | Silver Eager to Settle a Score
The white-collar thieves who manipulate bullion appear to be losing their grip. Silver bulls have long wondered how prices could languish even when demand for physical appeared to overwhelm dealer supplies. Blame paper proxies for precious metals, since many if not most investors would rather store and swap the stuff in virtual form than pay […]
May 17, 2024 | It’s Getting Harder to Get Physical Silver
Why isn’t the price of crude much higher?
May 12, 2024 | Don’t Be Fooled by Gold’s Stealth Bull
Although there is no publicly traded company called Pirate’s Treasure, the impressive price history displayed in the chart above is real enough. The Canadian company holds royalties to five gold mines that could conceivably rank among the largest in the world someday, according to ‘Spartacus’, a Rick’s Picks regular known for his street savvy, his encyclopedic knowledge […]
May 5, 2024 | Gold, Oil and Putin’s Grand Plan
Some of you may remember Gary Liebowitz, a troll that I 86’d from the site years ago. He still harangues me now and then, and I am saddened to report that his rage has only worsened, especially where Trump is concerned. Here’s a pungent note from Gary that just plopped into my email box. I […]
April 28, 2024 | Red-Hot Nvidia Recalls RCA Mania of 1929
The chart above shows RCA’s spectacular climb to the Mother of All Tops in 1929. The larger chart that frames it shows what Nvidia shares would have to do to replicate the peaks and troughs that set up RCA’s plunge into hell. Notice that the stock’s final top (#4) was just marginally higher than one […]
April 21, 2024 | Prepare to Sell in May and Go Away
The portfolio managers who rig the markets appear to be losing their touch. Usually, they are able to short-squeeze stocks in the ‘lunatic sector’ — our label for the egregiously mis-named ‘Magnificent Seven’ — when earnings are announced after the close. This quasi-criminal manipulation can add hundreds of billions of dollars to the world’s ‘wealth […]
April 18, 2024 | Still Lots of Room for Higher Gold, Silver
The manipulation of precious metal prices losing its grip
April 14, 2024 | Springtime for Bonds?
The devastating bear market in Treasury paper since 2020 may be nearing an end. I was pessimistic about this myself when TLT, an exchange-traded fund, that tracks the long bond, broke down last week. But a bigger picture saw this as occurring in the context of a market that may have bottomed last October. […]
April 7, 2024 | At Ringside for Another Freaky Friday
[Many readers of these weekly commentaries may not be aware that the focus of Rick’s Picks each day is on timely trading ideas. Below is chat room banter for a typical ‘freaky Friday’. The discussion includes several trades that were posted ahead of actionable opportunities in a few stocks, including McDonald’s, Tesla and Amazon. All the links […]
April 4, 2024 | Gold Rally Real This Time?
US Economy great for billionaires, not so much for everyone else
March 31, 2024 | Why We Fail to Fix Things
[My colleague Charles Hugh Smith is a true outside-the-box thinker who tackles big questions with intellectual rigor and bold imagination. In the commentary below, he explains why neither our political system nor technological wizardry have been able to solve problems that threaten to topple the global economy and destroy our quality of life. You can support excellence […]
March 24, 2024 | Bullish and Bored? Here’s the Cure…
The Fed’s main job supposedly is to manage our expectations, but have Powell & Co. painted themselves into a corner? At the moment, it would appear that investors have no clue what to expect. That wouldn’t necessarily be a bad thing, except that their default mode has been to push stocks with multitrillion dollar […]
March 21, 2024 | Will Trudeau’s Carbon Tax Hike Boost Inflation?
Is the party for Gold and Silver expected to continue?
March 17, 2024 | Something’s Got to Give
For nearly a year, I’ve promoted the idea that the post-covid bull rampage would end when Microsoft shares hit $430. They effectively achieved that benchmark on Friday with a pre-dawn print at 428.95 that gave way to a $16 plunge. If this was not THE top, it certainly felt like A top, and a potentially […]
March 10, 2024 | P.T. Barnum Would Have Loved Bitcoin
Bitcoin mania looks likely to blow itself out at somewhat higher levels. The bitcoin ETF chart above suggests buyers will encounter significant resistance at 64.95, a Hidden Pivot target that lies 5% above Friday’s closing price. If this impediment gives way easily or is exceeded for two consecutive weeks on a closing basis, however, you […]
March 7, 2024 | Gold Rally The Real Deal, Bitcoin Biggest Hoax?
Carrington Effect
March 3, 2024 | The Dregs Take Flight
The endgame inched closer to singularity last week with rigged rallies in stocks that had rightfully been given up for dead. There was the more than doubling in the price of Beyond Meat, for example. Until last week, shares of the veggie-burger upstart seemed content to scuddle sideways on a tortuous path to death. […]
February 25, 2024 | The Fallacy of the Wall of Worry
So much for the wall of worry! Optimists and visionaries supposedly climb it while ignoring troublesome signs that leave most investors on the sidelines, paralyzed with fear. Last week, as soaring shares of Nvidia tugged stocks higher around the world, speculators swarmed the wall like cockroaches gorging themselves on dried beer, glue and animal feces. […]
February 22, 2024 | The Latest from Miami Mines and Money Show
Mandated government decisions usually the wrong decision
February 18, 2024 | The Coming Crash of Bigness
[Globalism has peaked, says my colleague James Howard Kunstler, and with it a trend toward corporate bigness that has all but extinguished quality and vitality from the marketplace. Bloated corporatism is about to come crashing down, he says, in a process of creative destruction that will allow us to rescale the economy so that it better […]
February 11, 2024 | Even Bulls Are Getting Nervous
However high stocks climb, there will always be an earnest, bespectacled egghead on Wall Street ready to tell us why shares are likely to keep on rising. Here’s Yung-Yu Ma, chief Investment officer for a firm called BMO Wealth Management and a finance professor at Lehigh University: “A better economy, healthy profits and lower inflation,” […]
February 8, 2024 | Wall of Worry Or Just Hype?
A myth billions are waiting to be invested?
February 4, 2024 | Wall Street Guns Its Perpetual Motion Engine
Here are a couple of headlines concerning the economy that appeared atop Bloomberg’s front page on the same day last week. Taken together, they could make one’s head spin. First the happy news: IMF Lifts World GDP Outlook on U.S. Strength. But here’s the article just beneath: UPS to Cut 12,000 Jobs. A case of schizophrenia on the […]