April 17th, 2014
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Zazi Breathes Life into War on Terror

by Rick Ackerman on September 29, 2009 12:01 am GMT · 16 comments

Americans owe a debt of thanks to Najibullah Zazi, since he has made it far more difficult for Islamic terrorists operating in the U.S. to buy the supplies they would need to make conventional bombs.  Acquiring nail-polish remover and hydrogen peroxide in industrial quantities at a suburban Colorado beauty supply store, Zazi told the check-out clerk that he had many girlfriends. His thick, black beard alone should have been enough to arouse suspicions.  “Oh, that?  I am playing the role of Mr. Abraham Lincoln on the stage of your » Read the full article


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GCZ09 – Comex December Gold (Last:992.40)

by Rick Ackerman on September 29, 2009 2:15 am GMT

Neither bulls nor bears seems particularly inspired at the moment, although the edge still goes to the latter and to the downside target given here previously:  970.80.   A descent to that Hidden Pivot would become an odds-on bet if its midpoint sibling at 985.60 is exceeded on a closing basis.  Alternatively, the futures would need to touch 1000.10 on a rally Monday night or Tuesday to turn the minor trend bullish. A more important midpoint resistance would come into play thereupon, and with its breach a potential run-up to 1028.10.

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$ESM14 – June E-Mini S&P (Last:1850.50)

by Rick Ackerman on April 17, 2014 7:52 am GMT

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$USM14 – June T-Bond (Last:134^06)

by Rick Ackerman on April 2, 2014 3:21 am GMT

We don’t pay much attention to this vehicle other than at key turning points, but the short-term pattern shown looks like a lay-up for traders who see futures contracts as no more than bouncing dots on a chart, waiting to be exploited. There are actually two trade possibilities here: 1) a ‘camouflage’ short as USM slips below the 132^13 midpoint; 2) and a very tightly stopped long from within a tick or two of the 131^17 target. Good luck!  Please report any fills in the chat room so that I can establish a tracking position for your further guidance. ______ UPDATE (3:17 p.m. ET): The short was tricky to initiate, but once aboard, your reward came quickly with a drop to a so-far low at  131^26. As noted above, the short should be covered and reversed near 131^17. ______ UPDATE (April 6, 3:57 p.m.): The low of Friday’s violent price swings was 131^21 — not quite close enough to have gotten you long easily. Although this could prove to be an important low for the short- to intermediate term, under the circumstances I’ll assume no subscribers were filled. _______ UPDATE (April 11, 1:03 a.m.): Next important stop on the way higher: 135^17.

HGK14 – May Copper (Last:2.9820)

by Rick Ackerman on March 31, 2014 12:20 am GMT

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This Just In... for Tuesday

The Liquidity Trap

by Rick Ackerman on September 29, 2009 6:17 pm GMT

Frank Shostak  is one of our favorite economists because he talks plain-sense.  In a recent essay he wrote for Mises Institute, he explained why the government’s huge stimulus efforts have failed to stimulate much of anything.  To make matters worse, says Shostak, if the feds continue down this path, seeding the banks with yet more money from nowhere, it will effectively destroy the real-savings base that is absolutely crucial to any recovery. Click here  to read his essay.


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