October 20th, 2014
Published Daily
HP Seminar Information page.

Tepid Media Make Gold an Enticing Buy

by Rick Ackerman on September 22, 2009 2:13 am GMT · 8 comments

  

[Rick has been under the weather with a possible case of food poisoning. Filling in for him today is Chuck Cohen, a financial consultant whose work will be familiar to many of you. The following appeared at LeMetropole.com over the weekend. Chuck thinks that as long as the news media continue to stumble around in the dark in their coverage of the gold world, we should remain confident about accumulating more bullion and precious metal shares for the long haul. RA]

It took a mix of $1000 gold, the media’s reaction to it, and a very fallow day to compose this piece. As serious as the news is these days, it is still difficult not to see the absurdity in what is unfolding. Now that gold has finally pierced $1000, I had expected to find repentance and mea culpas by a news media that has persistently resisted and even mocked the gold bugs for nearly a decade. But if the news over the weekend is an indication, gold might » Read the full article


Rick's Picks for Tuesday
$ = Actionable Advice + = Open Position
Hidden Pivot Calculator   Education Page
All Picks By Issue:

ESZ09 – E-Mini S&P (Last:1060.75)

by Rick Ackerman on September 22, 2009 2:25 am GMT

Putting aside the two targets in the stratosphere that I flagged here yesterday, there’s a minor corrective one at 1052.25 that you could use for bottom-fishing with a stop-loss as tight as two ticks. Please note that it would take a print today at 1047.50 to turn the hourly chat bearish. ______ UPDATE(1061.25):  The stop-loss would need to have been at least four ticks, since the actual low occurred at 1051.50. The subsequent bounce points to 1068.25, subject to midpoint resistance at 1063.00, but neither number looks like it will be worth much for trading purposes. _______ FURTHER UPDATE (10:16 a.m.):  The futures have topped so far this morning at  1069.00, suggesting the 1068.25 pivot flagged above was not so useless as I had imagined.

USZ09 – T-Bond Futures (Last:119^04)

by Rick Ackerman on September 22, 2009 3:23 am GMT

The futures have the potential to hit 122^08 on the next thrust – a target that has been corroborated by the stall within two ticks of its sibling midpoint 120^11.  The best way to board would be to use a camouflage ‘B’ that is recorded somewhere between 120^14 and 102^16.  The opportunity will be potentially available as long as the ‘C’ low at 118^13 is not violated. Since it could come and go quickly, you’ll need to be ready, so I’d suggest setting a chart alert at 120^15.

GCZ09 – Comex December Gold (Last:1015.00)

by Rick Ackerman on September 22, 2009 3:25 am GMT

The futures failed to reach a targeted pullback low at 993.00 yesterday, suggesting that  the bounce off the actual low at 996.30 is likely to reach its ‘D’ target, 1012.10.  The futures appeared to be corroborating this scenario Monday night by pushing above the uptrend’s midpoint pivot. _______ UPDATE (10:20 a.m.):  The futures blew past 1012.10 on the first hourly bar where they encountered the resistance, implying more upside over the near term to at least the next Hidden Pivot target, 1029.10.  Its sibling midpoint at 1012.70 is a logical place for a consolidation to bottom, so buyers should take note if a pullback comes down that far. 

$GCZ14 – December Gold (Last:1236.60)

by Rick Ackerman on October 20, 2014 12:47 am GMT

 Member-only content. Please Login or get a free trial of Rick's Picks to view.

$ESZ14 – Dec E-Mini S&P (Last:1887.50)

by Rick Ackerman on October 20, 2014 12:10 am GMT

 Member-only content. Please Login or get a free trial of Rick's Picks to view.

$CLX14 – November Crude (Last:83.00)

by Rick Ackerman on October 17, 2014 1:15 am GMT

 Member-only content. Please Login or get a free trial of Rick's Picks to view.

$TLT – Lehman Bond ETF (Last:122.01)

by Rick Ackerman on October 17, 2014 12:01 am GMT

 Member-only content. Please Login or get a free trial of Rick's Picks to view.

$USZ14 – December T-Bonds (Last:144^09)

by Rick Ackerman on October 16, 2014 6:43 am GMT

 Member-only content. Please Login or get a free trial of Rick's Picks to view.

$+JNK – High-Yield Bond ETF (Last:39.38)

by Rick Ackerman on October 14, 2014 7:55 am GMT

There were no reports to confirm a price in the chat room, but I’ll use a 0.72 cost basis for four Nov 22 39-strike calls I’d recommending buying yesterday. It is not a healthy sign that JNK closed beneath the 39.40 target, albeit only by a few cents.  Based on the earlier tout, you should stop yourself out of the calls if they trade for 0.57. ______ UPDATE (October 14, 7:35 p.m. EDT): JNK has taken a modest bounce from the targeted low, but the calls remain leaden. Stick to the 0.57 stop-loss, which is intended to limit the theoretical loss from this play to $60. You should make the stop-loss o-c-o (one-order-cancels-the-other) with an offer to sell two of the calls currently held for 1.40, effectively zeroing out risk.  Obviously, it will take a sustained, powerful rally to get the offer filled. _______ UPDATE (October 16, 12:46 a.m.): We’ll back away for now, since I’d rather be shorting this flying pig when it’s airborne rather than emerging from a wallow.

$HGZ14 – December Copper (Last:3.0100)

by Rick Ackerman on October 6, 2014 9:30 am GMT

 Member-only content. Please Login or get a free trial of Rick's Picks to view.

$SNIPF – Snipp Interactive (Last:0.3400)

by Rick Ackerman on September 5, 2014 3:05 am GMT

I first touted Snipp Interactive back in January, when it was trading around 0.15. Although the stock subsequently fell to a dime, it has since rallied sharply, settling at 0.2562 yesterday. This is one of my favorite stocks, and I came away from a conference call with its CEO, Atul Sabharwal, eager to sing their praises. During that call, I hit Atul with my best idea, a sweepstakes-type promotion, but he was already three steps ahead of me, able to cite, for one, New York State’s rules and costs for exactly the type of marketing scheme I’d suggested.

Full disclosure: I hold 100,000 shares plus warrants to purchase another 50,000 shares.  But I hope that won’t discourage you from performing your own due diligence, since you are likely to be as impressed as I was when you find out what the company has been up to. For me, at least, Snipp (OTC: SNIPF) perfectly satisfies Peter Lynch’s rule that investors favor companies whose strengths and methods they can understand. Snipp does interactive marketing that allows clients to track results in real time. The results have been sufficiently impressive that the company has been attracting blue chip clients with little difficulty. Read more about SNIPP by clicking here.

From a technical standpoint, although the stock’s chart history is thin, it’s possible to project a near-term rally target of 0.2730. A tenet of Hidden Pivot analysis is that an easy move through such targeted resistance implies there is unspent buying power percolating beneath the surface. This is not a “hot tip;” indeed, Snipp’s story does not lend itself to the kind of hubris that will result in a $10 billion IPO. But it is an aggressive and imaginative pioneer in a rapidly developing niche, and its CEO has the kind of imagination, intelligence and energy that inspires confidence. _______ UPDATE (Sep 22, 8:30 p.m.): The stock has continued to rally, and the closest Hidden Pivot target is now 0.2668.  If that Hidden Pivot is exceeded on a closing basis for two days, however, a target at 0.3474 would be in play. _______ UPDATE (Sep 23):  Snipp has entered the Brazilian market via an exclusive marketing contract with Petrobas. Click here for the news release. ______ UPDATE (Sep 23, 1:57 p.m. EDT):  The stock has gone bonkers today, up six cents to within less than a penny of the 0.3474 target projected two days ago. _______ UPDATE (October 12, 9:20 p.m.): The stock has come down hard after peaking three weeks ago at 0.34, but I view the move as a corrective opportunity to accumulate more shares.


SIDE BETS for Tuesday

DXY – Dollar index (Last: 76.54)

by Rick Ackerman on September 22, 2009 3:51 am GMT

The Dollar Index is giving off mixed signals, consolidating just below a midpoint pivot after creating a strongly bullish impulse leg yesterday on the hourly chart. If the retracement goes lower than the ‘d’ target at  76.33, the whole bullish enterprise would become suspect, notwithstanding the dog-and-pony show slated in Pittsburgh this week.

-


This Just In... for Tuesday

A mining stock of interest

by Rick Ackerman on September 22, 2009 10:36 pm GMT

In the chat room, I’ve posted a note concerning an over-the-counter mining stock of interest. You can find the note at 16.22 hours.


Hidden Pivot Webinar & Tutorials
The Hidden Pivot Webinar is one-day event is designed to teach you the risk-averse trading strategies Rick has taken to his seminars around the world. Once you have learned his proprietary secrets, you will approach trading and investing with enough confidence to make your own decisions without having to rely on the advice of others. The next Webinar will take place on October 16, 2014. For more information, or to register, click here.