March 15th, 2010
Published Daily
COMMENTARY for Thursday

Two Mining Stocks with High Leverage

by Rick Ackerman on October 8, 2009 1:36 am GMT · 8 comments

(From our correspondent Chuck Cohen, a NYC-based fianancial consultant who specializes in gold investments, here’s an assessment of two mining companies that he thinks merit the attention of Rick’s Picks readers.)

Let’s look at two exploration companies which are linked by their being undervalued and by their locations in Quebec, one of the most mining-friendly places in the world. Becanse these companies operate in Quebec, the market will assign a premium to their respective share prices. Plus, in both cases the infrastructure is also very positive, a detail not to be ignored. Please remember that for any stocks I recommend, I suggest that you go to their web sites to familiarize yourself with the companies. Don’t be lazy, but be a student of » Read the full article


TODAY'S ACTION for Thursday

Whirled peas breaks out, finally?

by Rick Ackerman on October 8, 2009 3:18 am GMT · 0 comments

Index futures were going bonkers this evening — news that Whirled Peas has finally been achieved? — suggesting the bullish target given for the Mini-S&P is in-the-bag.  Night owls should try to make use of it, since DaBoyz may not leave much for those who trade the opening.


Rick's Picks for Thursday
$ = Actionable Advice + = Open Position
Current  Actionable  Open
All Picks By Issue:

GS – Goldman Sachs (Last:190.48)

by Rick Ackerman on October 8, 2009 2:18 am GMT

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ESZ09 – E-Mini S&P (Last:1059.00)

by Rick Ackerman on October 8, 2009 2:34 am GMT

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DXY – NYBOT Dollar Index (Last:76.29)

by Rick Ackerman on October 8, 2009 2:47 am GMT

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SLW – Silver Wheaton (Last:13.80)

by Rick Ackerman on October 8, 2009 3:10 am GMT

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GCZ09 – Comex December Gold (Last:1050.80)

by Rick Ackerman on October 8, 2009 4:00 am GMT

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SIDE BETS for Thursday

HUI – Gold Bugs Index (Last: 443.33)

by Rick Ackerman on October 8, 2009 3:13 am GMT · 0 comments

A Hidden Pivot resistance at 452.83 is the next potential resistance above, as well as our minimum rally target for the near term. If it is brushed aside, however, that would portend more upside over the near term to as high as 466.00.