March 15th, 2010
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COMMENTARY for Friday

Chuck Sees Stock Market, Gold Surging Higher

by Rick Ackerman on November 6, 2009 1:05 am GMT · 18 comments

Here is the latest from Chuck Cohen, a New York-based financial consultant who specializes in gold investments. At bottom is a speculative recommendation of a small but well-positioned mining company.   We should note that we do not share Chuck’s bullishness on the stock market, even though we are quite bullish on physical gold and silver. Also, while Chuck believes inflation is about to explode, we see deflation ruling the economy as long as real estate remains in a possibly permanent funk.  Here’s Chuck

Despite all the dire warnings, I’m convinced the stock market will continue to advance. This has implications for gold, since, as long as shares are moving higher, I am confident that gold will move higher as well. Moreover, the incredible gold fundamentals are about to be reflected in an acceleration in price that so far has been slow, measured and frustrating. At the conclusion I have made another gold exploration recommendation: Moneta Porcupine (OTC symbol: MCUPF).  This company appears well poised for the » Read the full article


TODAY'S ACTION for Friday

‘Too Big to Fail’

by Rick Ackerman on November 6, 2009 2:23 am GMT · 0 comments

I’ll be attending the annual Burridge Center Conference this evening and tomorrow and will report out the details later. This event always draws interesting speakers — this year on the topic, among others, of ‘Too Big to Fail’.  I plan to take a look at night action when I return home, so check in later if you’re looking for numbers to guide you through the night.


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

ESZ09 – E-Mini S&P (Last:1056.25)

by Rick Ackerman on November 6, 2009 1:38 am GMT

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GCZ09 – Comex December Gold (Last:1090.60)

by Rick Ackerman on November 6, 2009 1:50 am GMT

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NEM – Newmont Mining (Last:47.25)

by Rick Ackerman on November 6, 2009 2:03 am GMT

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GS – Goldman Sachs (Last:173.45)

by Rick Ackerman on November 6, 2009 2:17 am GMT

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