Ricks Picks

Is Gold Just a Little Too Quiet?


I’ve been so down on gold lately that it could probably pop $100 before I’d even notice. That’s why I’ve set some bullish price alerts on a few gold and silver charts, adding buy-stop entries for two mining stocks tracked below.  We blew out a position in Majestic Silver [NYSE: Symbol AG] the other day with the goal of replacing it at a better price, but also knowing there are no guarantees our stingy new bid will be filled. Similarly, in New Gold [AMEX: Symbol NGD], I’ve added a buy-stop limit entry, to be worked order-cancels-order with a niggardly bid that sits well below the market. All of this follows an email I received from a subscriber calling attention to the egregiously oversold condition of gold futures right now, and to the outsize short Comex position held by speculators who are usually wrong at important turning points.  So am I, at least instinctually, and that’s why I try to stay close to my charts, which are never wrong.

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Tuesday, April 23, 2019

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, April 23. Click below to register or get more information.

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