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As a recovering Gold bug I have great sympathy for what die-hard bitcoin fans are about to experience. Years and years of grinding lower with the occasional wicked spikes up that bear markets are known for. Don’t get me wrong– I’m with the minarchists (e.g. Libertarians) and anarcho-capitalists in my excitement for crypto-currencies and their ability to transact anonymously not to mention their portability allowing you to move your entire net worth across national boundaries with a click of a mouse button. But with the crypto-mania having its blow-off top along with the retail public buying bitcoin it’s clear the top is in for now and it’s time to move onto the next big thing.

So what about the original alternate currency- Gold? And more importantly the leveraged gold investment play- the HUI Gold Bugs Index? The good news is I believe the major low is in. Why do I think that? Take a look at the attached long term chart where we missed our clear d target. Without giving away too much of Rick’s proprietary system one thing I like about this chart is the short and unintuitive B-C leg and then the subsequent interactions with P, P2 and d. The bad news is that we are still not ready for prime-time. The inset chart shows a possible P2 target of 155.77 which coincidentally happens to be near the low made in Nov-Dec 2016.  Taking out this low by a few dollars should be enough to freak everyone out that the bottom will fall out. Experienced pivoteers won’t be afraid to buy this low. When the next leg up in gold takes us to $2500 and higher we will look back at this coming low in gold stocks as the buy of a lifetime.

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Tuesday, November 13, 2018

The consistent accuracy of Rick Ackerman’s forecasts is well known in the trading world, where his Hidden Pivot Method has achieved cult status. Rick’s proprietary trading/forecasting system is easy to learn, probably because he majored in English, not rocket science. Just one simple but powerful trick -- managing the risk of an ongoing trade with stop-losses based on ‘impulse legs’ – can be grasped in three minutes and put to profitable use immediately. Quite a few of his students will tell you that using ‘impulsive stops’ has paid for the course many times over.

Another secret Rick will share with you, “camouflage trading,” takes more time to master, but once you get the hang of it trading will never be the same. The technique entails identifying ultra-low-risk trade set-ups on, say, the one-minute bar chart, and then initiating trades in places where competition tends to be thin.

Most important of all, Rick will teach you how to develop market instincts (aka “horse sense”) by observing the markets each day from the fixed vantage point that only a rigorously disciplined trading system can provide.

The three-hour Hidden Pivot Course is offered live each month. If it’s more convenient, you can take it in recorded form at your leisure, as many times as you like. The course fee includes “live” trading sessions (as opposed to hypothetical ‘chalk-talk’) every Wednesday morning, access to hundreds of recorded hours of tutorial sessions, and access to an online library that will help you achieve black-belt mastery of Hidden Pivot trading techniques.

The next webinar will be held on Tuesday, November 13. Click below to register or get more information.

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