With Sunday trading under way, gold and index futures are both marginal movers so far. It is mid-evening, the E-Mini S&Ps are down four points and gold is up a dime (although the December Comex contract was up as much as $5 earlier). The E-Minis should be assumed bound for the bearish, 1070.25 target supplied in the tout.
Member-only content. Please Login or get a free trial of Rick's Picks to view.
Member-only content. Please Login or get a free trial of Rick's Picks to view.
Member-only content. Please Login or get a free trial of Rick's Picks to view.
Member-only content. Please Login or get a free trial of Rick's Picks to view.
Member-only content. Please Login or get a free trial of Rick's Picks to view.
A few days ago, I published a link to a powerful essay by Charles Krauthammer: “The New Liberalism and the End of American Ascendancy”. To give the link a little more hang time, I am publishing it once again in today’s edition. Click here to access the essay.
Rick’s Picks is a daily trading newsletter and intraday advisory packed with detailed strategies, fresh ideas and plain old horse sense.
Rick Ackerman is the editor of Rick’s Picks and a partner in 
Pakistan Tops Our List of World’s Worries
by Rick Ackerman on October 19, 2009 12:01 am GMT · 20 comments
The variety of possible topics for Monday’s commentary was so overwhelming that it’s hard to know where to begin. Let’s take them one at a time:
Pakistan: Until recently, we’d always thought of the al-Qaeda and Taliban insurgents as a rag-tag bunch of skirmishers, more like commandos in their operational style than armies. Think again. We now read that they are holding 30,000 Pakistani troops at bay in South Waziristan. If there really is a War on Terror, this is the biggest and most important battle so far. And if Pakistan loses, the world will become a far more dangerous place. Emboldened and refreshed, Radical Islamists would find it much easier to recruit new fighters and suicide bombers. The terrorists would also be further along the way toward seizing control of a Pakistani nuclear weapons capability that has been under development for 35 years. The potential consequences of this are almost too horrifying to » Read the full article