Interview

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

Greg Hunter: Hello. I’m Greg Hunter. Thank you for joining us today on USAWatchdog.com. The guest -- a bit of a contrarian -- is Rick Ackerman. He hails from the website Rick’s Picks. He’s a professional trader. Rick Ackerman, thank you for joining us here on USAWatchdog.com. Rick Ackerman: Thanks for inviting me, Greg. Greg: Rick, you’re a bit of a contrarian, as I was saying. You think the dollar could get pretty strong right in here. Tell us about your trades and why you think that way. Rick: I like to think of myself as being on the respectable edge of the lunatic fringe. As far as the dollar is concerned, I’ve been pretty bullish for a while, with a Dollar Index target in the mid 90s. We’re down in the low 80s now, so my projection allows for quite a rally. But I’m not fundamentally bullish on the dollar -- it is ultimately garbage, since every dollar is backed by debt, not metal. For now, though, the world’s hot money is clamoring for the supposed safety of the dollar. It certainly seems safer than European paper at this point. So the dollar is enjoying its status as the trader’s currency of choice. Greg: It looks like it’s going to be some sort of, other people probably feel the same way. But where do you go if you have a meltdown? You’re saying they’re going to run into the dollar. Rick: Exactly. The thinking is that if the financial system is hit with a real crisis, the euro is going to collapse before the dollar does. Although I tend to agree with that, I think that the time differential between the two collapses could be very short. Once the euro goes down, all who sought safety in dollars are

On Friday, Rick appeared on the Korelin Economics Report. In Rick's segment, the topic of discussion was the precious metals markets and where Rick believes they are headed. The audio for the interview may be heard here,while the transcript of the interview is reproduced below. Al Korelin: Hey, welcome in. You’re listening to a daily editorial on the Korelin Economics Report. I’m Al Korelin. I appreciate you joining me. I’ve got Rick Ackerman on the line with me. By the way, this audio is being produced exclusively for our friends at Kitco. It’s been a while since we’ve been there. It’s just about two or three days I guess that we’ve been remiss. But boy, it has been busy, busy, busy. I have a listener by the name of Bart who wrote a couple of e-mails yesterday regarding his pessimism about the precious metals markets right now. He doesn’t feel it’s a good place to be. My personal opinion is, long term, I think it is. That’s from a fundamental perspective. But Rick, I sent you one of the comments. You said, “Whoever this guy is, he knows what the hell he is talking about.” Can you comment on that please? Rick Ackerman: Well, partly because I agree with him, Al. I think that the weight of the evidence, technically speaking, is bearish. I look at these gold charts, and we’ve got August gold Comex closing up around $1567. But I can’t see it escaping a further dip down to just below $1500. $1497 is my minimum target. But at that point, the chart would look even worse. But the point that he makes is that you’ve got to wait and see, really. Certain things can happen. I’m always open-minded to being contradicted or to changing my mind, at least.

Rick appeared on The Keiser Report yesterday in a wide-ranging interview that covered inflation/deflation, the Euro crisis and student loans. The video and transcript of the interview are shown below. (If watching the video, Rick's segment begins at 13:00). Max Keiser: Welcome back to the Keiser Report. I’m Max Keiser. Time now to go to Rick Ackerman of Rick’s Picks newsletter. Rick, welcome to the Keiser Report. Rick Ackerman: Hey Max. How you doing? Max: Fantastic. Rick Ackerman, tell us, what happened to all the hyperinflationists? Rick: I think they’ve been pretty quiet lately, Max. We have nothing but a deflationary juggernaut unfolding in Europe. Austerity may have been voted thumbs down, but you don’t see any infusions of new credit making their way into the system. It seems like everything that’s happening in Europe right now has a deflationary outcome. Max: Right. The ravages of the credit peak of 2007 continue to wreak all kinds of damage around the world. No matter what the central banks try to do to stop it, the deflationary pressures continue to mount. What do you tell people when they say, “Well, look at the price of medical costs and look at the price of student loans, these are rising in price.” How does that factor into or square against this deflationary trend? Rick: Well, I call that lettuce bin inflation, Max. Compared to the larger deflationary picture - which is an asset deflation - the grocery store inflation is relatively tame. Even that’s going to hit a wall, because the money that you spend on groceries has to come from something else if the price of groceries goes up, because real incomes are stagnant. So it’s really sort of a closed loop. And if the price of one thing goes up, it means

On Saturday, Rick again appeared on The Korelin Economics Report, where this week's topic of discussion was the gold market and where it's headed. The transcript of the interview is shown below. The audio may be heard here. (Rick is interviewed in segment #4) Al Korelin: Okay. Here to wrap up the first hour of the weekend edition of the Korelin Economics Report. Thank you for joining me, particularly our newest listeners and folks down in Portland, Oregon, listening on radio station KUIK. I’ve got Rick Ackerman on the line with me right now. Rick is one of the best technical analysts who I know. Rick and I, I think, are on the surface initially disagreeing, I should say, on one concept. That is, Rick feels that from a technical standpoint, we’re going to see the price of gold go down, specifically on the August contracts… August futures, I should say. We’re going to see it down at $1497. My personal feeling is hard for me to swallow that, only because I’ve never seen such a great time - from a fundamental standpoint - for gold to appreciate in value, for lack of a better term. Now, I want to get an explanation from Rick as to why he feels this way, because he has certainly been involved in this for as long as I have, and he’s a very bright guy. He doesn’t just shoot from the hip unless he’s got some fairly serious backup ammunition, for lack of a better term. Rick, why exactly do you feel that we’re going to see gold go down in price? Rick Ackerman: Well, mainly it’s from a technical standpoint. I look at charts with patterns that have ABCD configurations. I look for an AB - what I call an impulse leg -

This past Friday, Rick appeared on The Korelin Economic Report. Rick and Al took a break from financial topics this time and instead discussed the November elections. (Rick's segment is #6). Here is a transcript of that interview: Al Korelin: Okay. I’m back with Rick Ackerman. I’m going to do a little bit of a political discussion here, because politics, in my opinion, does relate directly to investing. Okay? Rick, I got a question for you. This deals with the current, with the Obama administration right now.You look at the numbers that are coming out right now. I want to start off with consumer sentiment. Consumer sentiment dropped 5.2 points down to 74.1, according to the Reuters/University of Michigan Sentiment Index that was announced on Friday. It went from 79.3 down to 74.1, okay? That is very, very negative. I think that is a major, major indication of obviously what’s going on in terms of people’s minds. You look at the gold indexes, because I think gold is a very, very accurate sentiment of consumer confidence, as is the first number we brought out. Gold continues to stay above $1600 an ounce level, okay? In spite of the fact that people are calling for gold to drop because things are starting to look so damn good, which I don’t think they are. Now in spite of this, the Dow Jones Industrial Average is not doing too bad. Now, given that scenario, how can the Obama administration possibly think that they can get re-elected? You look at the unemployment numbers that came out yesterday, they were worse, okay? 386,000, if I’m not mistaken, or something like that. Rick Ackerman: Well, I think Al that they can’t. You’ve got a trend that’s global right now, that simply wants to turn the incumbents

In this recorded interview (no transcript available) from March 24th, Rick is joined by Patrick Cooney, CEO of Jory Capital, and Nicole Foss. In Rick's segment, he and Patrick discuss the factors in placing an accurate value on today's complex corporate stock and bond markets.

On this weekend's Korelin Economic Report, Rick and Al Korelin discussed the uses and strengths of technical analysis. The audio for this interview can be heard here. The transcript is shown below. Al Korelin: Hey, welcome in. You’re listening to a weekend special on the Korelin Economics Report. I’m Al Korelin. I appreciate you joining me. I’ve got my buddy Rick Ackerman on the line right now. Rick and I are talking about technical analysis versus fundamental analysis. We’ve had an ongoing dialogue on this particular issue over the past few weeks with you folks out there. I wanted to get Rick to weigh in on this thing, because he is truly one of the experts, as is Trader Rog. But Rick has been doing this for a long, long time. He’s made his living using technical analysis. He’s done quite well so far. My first question, Rick, would be this. Number one, let’s take as an example the week to a few months coming up here. Now, I would say from a fundamental standpoint, the potential for a significant appreciation in the price of gold and silver is very, very high. That’s from a fundamental standpoint. Why do I say that? Well, I say it because number one, Europe is literally falling apart. The odds are - in my opinion, based on fundamentals - I would say that Europe is probably going to be in worse and worse and worse shape, and possibly, very possibly, the Union, the Euro, et cetera, may collapse. That would have a huge impact on an upward movement in the price of gold and silver. Now, fundamentals tell me the same thing is true in the United States. That’s why I remain bullish on gold and silver. How does technical analysis, Rick, relate to

For those who prefer to read rather than watch interviews, here is a transcript of Rick's interview with Kerry Lutz of The Financial Survival Network. The video was posted yesterday. As a service to our readers, going forward we will be making every effort to post transcripts of Rick's media appearances. Kerry Lutz: 1490 WGCH. This is Kerry Lutz. You’re listening to the Financial Survival Network. If you are wondering how long these markets can continue on their merry way to higher highs and higher lows… while the long term trend may be obvious to most, it’s in the short term where you make or you lose money. As in right now. Rick Ackerman, whose short term calls have been nothing but astounding and uncanny since I’ve been following him… he’s with us now to tell you where he thinks the dollar and the Euro and the metals are heading. Rick, welcome back to the Financial Survival Network. Rick Ackerman: Thanks for having me Kerry. Kerry: Well, it’s always a pleasure. I’ve been reading a lot of your work lately. So you seem to be of the opinion that the dollar is going higher again. Rick: Yeah. I’ve been very bullish on the dollar for a while. This morning, I had an analysis out on the dollar, that we used to chart, that called the dollar an unworthy recipient of this huge flow of money. But the fact is that every time Europe gets nervous or investors get nervous about the financial condition of Europe, all the money comes thundering into the dollar and treasuries, but also at this point, German bonds. I think that it’s obviously is not so much a healthy dollar. The dollar has been merely the recipient of this hot cash flow. So I think the dollar index