Ricks Picks

GCJ19 – April Gold (Last:1293.00)


In an interview I did last week with USA Watchdog’s Greg Hunter, I apparently came across as a lukewarm gold bull. Although many of those who commented apparently agreed with my grim deflationary scenario for the global economy, the negative implications this could have for gold did not resonate with Greg’s audience.

In fact, I see significant appreciation potential for gold, although not to the celestial heights that some seers — most visibly Jim Sinclair, who has been predicting $50,000 an ounce more or less forever — envision. The chart (inset) shows a logical pathway to $2277, a target that in my estimation would become an odds-on bet to be reached if Comex futures can close for two consecutive months decisively above the $1661 ‘midpoint Hidden Pivot’.  They have already tripped a theoretical buy signal to this number at $1354 (the green line), making it no worse than a 50-50 bet to be reached.

Bullion Is Not Cash

Although this outlook might not thrill gold’s most ardent fans, it equates to a 28% appreciation from these levels. And if the $2277 target were to be reached, that would amount to a gain of 71%. In the meantime I see limited risk in holding gold as insurance, as I always have. Come hell or high water, even if there’s a global deflationary bust, I see bullion at least retaining its purchasing power against virtually all other classes of investable assets. I continue to advise keeping a shoe box filled with (admittedly worthless) U.S. ones, five, tens, twenties, fifties and hundreds just in case, since any attempt to exchange bullion for necessities in the wake of a full-blown financial panic are apt to be met with quizzical stares. Of course, in the weeks, months and possibly years following the bank-system shutdown that is coming, credit-card transactions will be impossible. I should mention that I have been putting aside gold, silver and platinum coins for my two sons since they were born and that neither, perhaps inspired by my example, has elected to cash out.

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Seminar Information page.

Tuesday, August 20, 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, August 20. Click below to register or get more information.

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