March 11th, 2010
Published Daily
COMMENTARY for Friday

Deflation Overwhelms Niggling Price Hikes

by Rick Ackerman on October 9, 2009 2:17 am GMT · 32 comments

We’ve had a rollicking good time in the Rick’s Picks forum lately as inflationists sought to rise to the level of debate in explaining why deflation is unlikely. You can judge for yourself how well they succeeded by clicking here, but on our scorecard, at least, they didn’t win a round. How could they have when they are evidently blind to evidence that the global engine is perilously close to being suffocated by deflation? As always, there were quite a few beleaguered consumers ready to testify that they are getting hammered by rising grocery prices. One of them is a friend of ours who lives in an L.A.-area home that has lost a third of » Read the full article


TODAY'S ACTION for Friday

Nominal selling in gold tonight…

by Rick Ackerman on October 9, 2009 3:52 am GMT · 0 comments

A late note: Gold was getting whacked Thursday night, but the damage was nominal. To get past the two requisite lows on the lowly 15-minute chart would require a print at 1038.90, nearly $10 below current levels.


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

GS – Goldman Sachs (Last:188.04)

by Rick Ackerman on October 9, 2009 2:32 am GMT

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GCZ09 – Comex December Gold (Last:1050.80)

by Rick Ackerman on October 9, 2009 2:39 am GMT

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SIDE BETS for Friday

GOOG – Google (Last: 514.18)

by Rick Ackerman on October 9, 2009 2:56 am GMT · 0 comments

Just a reminder that we have a score to settle with Google if and when it gets to a 553.87 target flagged here a while back. We’ll almost surely use a camouflage entry to avoid pain and risk to the extent possible, so stay tuned.