Chrysler’s bankruptcy is much tougher on some dealers than we could have imagined. This letter to American Thinker.com describes the sad plight of a Dodge-Isuzu dealer in Florida who is about to lose everything.
Thursday, May 21, 2009
Waiting for Godot
– Posted in: Rick's PicksTurgid action Wednesday night yielded little of value -- other, perhaps, than the vague feeling that DaBoyz may be growing as tired of supporting this hoax as we are of waiting for it to drop dead. We shouldn't get our hopes too high, however, since, for reasons that I've spelled out in today's analysis, Goldman looks like it's getting ready to ambush bears yet again.
GS – Goldman Sachs (Last:136.44)
– Posted in: Current Touts Free Rick's PicksThe stock's last thrust contained the kind of hidden power that creates buying opportunities. Specifically, the high at 144.86 exceeded two prior peaks -- including an "external" at 142.00 from early October --but without getting past a more obvious September 19 high at 144.98 that the riff-raff would
FAZ – Financial Bear 3X Shares (Last:5.42)
– Posted in: Current Touts Free Rick's PicksWe could stretch for extra bases, since FAZ looks eager to probe a gap above yesterday's high, but instead let's play it conservatively, offering four June 10 calls short for 0.35 against the four October 10 calls we already hold for ____
GCM09 – Comex June Gold (Last:938.00)
– Posted in: Current Touts Free Rick's PicksBased on the pattern shown in the chart, the June contract looked like a good bet to push up to at least _____, a Hidden Pivot, but anything above it would indicate _____. If the higher number gives
ESM09 – E-Mini S&P (Last:899.75)
– Posted in: Current Touts Free Rick's PicksDaBoyz were playing their cards close to their vest Wednesday night after taking the futures down to within three ticks of an obvious Hidden Pivot target at _____. Night owls can try bottom-fishing with an
A Moon-Shot Scenario in Gold
– Posted in: Free(Although our long-term outlook for precious metals remains bullish, we doubt that gold is ready to leap beyond the $1000 barrier the next time it touches it -- especially if this occurs within the next few weeks. However, with today’s commentary by our friend Chuck Cohen, we skip ahead to the not-so-distant future, when junior mining shares are likely to make dot-com mania seem relatively subdued in comparison. Below is Chuck's rousing forecast for gold and gold stocks. RA) Advice from Shaq, Canseco Can you remember back in what seems now like ancient history--1998-2000, when making money in stocks seemed absurdly easy. Stocks only went up, some of them to ridiculous levels. Testimonies of instant millionaires were everywhere. CNBC was on in every barbershop. Even Shaq and Jose Canseco were dishing out advice. But then it was over, with almost everyone being taken to the cleaners. Even though we associate this period with pain and loss, we tend to forget that this fantastic move went on for almost eight years. There were actually some who foresaw the move, and for those who got aboard in the early 1990s, fortunes were made. What if you had a shot at buying an equivalent opportunity, perhaps even far greater than that of the dot-com era? A Big Move Is Developing Thrust At this moment, a once-in-history rise is revving up. It is coming in gold, specifically in the gold mining shares. The fundamentals are in place for the rise--unlimited creation of paper currencies out of every central bank in the world, the exploding claims upon the U.S. dollar, declining mining gold production, a dearth of large discoveries in recent years, a virtual cessation of central bank selling and a world-wide manipulation of the metal, particularly over the past eight years, that has produced an


