March 15th, 2010
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COMMENTARY for Tuesday

No Lipstick for This Pig

by Rick Ackerman on November 3, 2009 3:20 am GMT · 4 comments

Stocks took a rollercoaster ride yesterday – not because traders were racked with uncertainty, but because the mysterious cyclical forces that drive the markets evidently are not quite ready to capitulate in favor of bears.  That will happen soon enough, we think, but in the meantime there was bound to be some squabbling between shorts positioned to benefit from a downturn and portfolio managers keen on distributing as much stock as possible before They pull the plug.  That’s how it works, and if you think it is “hopeful” investors that drive shares higher, you should avoid anyone who approaches you » Read the full article


TODAY'S ACTION for Tuesday

A Luminous Night Crawler

by Rick Ackerman on November 3, 2009 6:09 am GMT · 0 comments

December Gold was creeping higher Monday night, just $2 shy of the first of three recent peaks ranging from 1068.80 to 1072. There is quite a bit of supply at these levels, and it would surprise me if the move through it were about to occur without another couple of weeks’ worth of chop-and-grind. If this happens nonetheless,  and the futures blow past 1072 by mid-week, it would leave little doubt about the likelihood of gold reaching the immediate target at 1111.90 and another at 1134.00 first broached here a while back.


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

GCZ09 – Comex December Gold (Last:1083.30)

by Rick Ackerman on November 3, 2009 4:00 am GMT

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SIZ09 – Comex December Silver (Last:16.655)

by Rick Ackerman on November 3, 2009 4:14 am GMT

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ESZ09 – E-Mini S&P (Last:1041.25)

by Rick Ackerman on November 3, 2009 4:27 am GMT

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GS – Goldman Sachs (Last:170.63)

by Rick Ackerman on November 3, 2009 5:19 am GMT

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AAPL – Apple Computer (Last:189.31)

by Rick Ackerman on November 3, 2009 5:27 am GMT

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This Just In... for Tuesday

Whither Libertarians?

by Rick Ackerman on November 3, 2009 5:54 am GMT · 0 comments

Could disenchanted Libertarians abandon the Republicans and perhaps find critical mass in a third party — one that would fill the vacuum created by a collapsed GOP?  This idea is advanced by a Randian, Mike Churchill, in an analysis forwarded to us by our friend Jonathan Auerbach of Auerbach Grayson. Click here to access the full essay.