Sunday, August 19, 2012

Interview: Finding Investment Opportunities

– Posted in: Free Rick's Picks

Rick appeared on The Financial Survival Network the other day where he and Kerry Lutz discussed some of the places where Rick believes investment opportunities can be found in today's market. The audio for the 25-minute interview can be found here. A transcript of the interview is reproduced below. Kerry Lutz: We’ve been in full-scale overdrive this week, interviewing as many knowledgeable people as we can to try to get an idea of whether the markets have bottomed or whether they’re heading higher. Finally, we got hold of Rick Ackerman of rickackerman.com. Using his Hidden Pivot Method, he’s uncannily on the money. I’ve been watching him now for years. He’s been right way more -- way, way more -- than he’s been wrong. Rick, how are you? Rick Ackerman: Good, Kerry. I’m good. A little far from home at the moment, but thanks for inviting me on. Kerry: Hey well, we’ve got to get you guys when you can. Let’s face it: August is vacation season. Everybody but me is away right now. So hey, I hope you’re having a good vacation. That’s why the markets are kind of showing their true colors now, aren’t they? Rick: Whenever I go away, all hell usually breaks loose.  This time, though, it's more like purgatory. There’s not too much happening in the markets. From my perspective, subscriber interest is way down.  No one's paying attention, and that's when surprises happen. Kerry: Exactly. And you get a true indication of the trend. You’re away, and I don’t know if you’ve been watching the gold price action today. But it took a $7-$8 hit this morning when I woke up. I said, “Ah, the boys are at it again.” Now I’m looking at it, it’s up $470. It looks like it’s going to be