March 14th, 2010
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COMMENTARY for Tuesday

What $1,000 Gold Is Telling Us

by Rick Ackerman on October 13, 2009 12:54 am GMT · 27 comments

The inflation/deflation discussion in the Rick’s Picks forum has attracted some interesting comments — none moreso than this one from our Lake Tahoe friend, retired Merrill fund manager and investment maverick Rich Cash:

When we show donors the long-term Econocast Consumer Price Index Forecast to measure against investment performance, they see more than a doubling of CPI over the coming decade after a few minor decreasing negative CPI blips last year. Most people call this inflation. It is institutional inefficiency. It is the cost of government administrations, bureaucrats, congresses, courts and wars on everything, the tyranny of fiat red tape, » Read the full article


TODAY'S ACTION for Tuesday

Phillies were just too tough…

by Rick Ackerman on October 13, 2009 3:58 am GMT · 0 comments

The Colorado Rockies showed real class in the divisional playoff with the Phillies, but in the end their pitching wasn’t good enough to tame the Phils’ murderous bats. Walk Ryan Howard with runners on, and you still have to face Jayson Werth.  Phillies vs. L.A. should be a great playoff, and a series with the Yanks would be baseball at its best.


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

ESZ09 – E-Mini S&P (Last:1066.50)

by Rick Ackerman on October 13, 2009 1:49 am GMT

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GCZ09 – Comex December Gold (Last:1053.90)

by Rick Ackerman on October 13, 2009 2:04 am GMT

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DIA – Diamonds (Last:98.77)

by Rick Ackerman on October 13, 2009 2:18 am GMT

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SIDE BETS for Tuesday

HUI – Gold Bugs Index (Last: 444.89)

by Rick Ackerman on October 13, 2009 3:02 am GMT · 0 comments

Consolidation above the 442.00 midpoint of a pattern projecting to 492.52 strongly suggests the Gold Bugs Index has the wattage to eventually reach the target.