Rick’s Picks – Rick Ackermen

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$TLT – Lehman Bond ETF (Last:86.43)

I’ve raised the bar somewhat so that we don’t get suckered by yet another failed rally. I’m already on record as saying the bear market ended, possibly with October’s 82.42 low.  But I’d feel more confident about this if TLT takes an uncorrected leap above the two peaks shown. If

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$GCQ25 – August Gold (Last:3339.50)

How are you coping with gold’s endless dither? It just entered its fourth month, and there is not much to celebrate. Of course, everyone “knows” it will be moving higher. Just not now. Last week’s tout warned subscribers not to get too excited if the futures should take flight, since

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CLQ25 – August Crude (Last:66.71)

Right on cue, Bloomberg.com splashed an article on its front page over the weekend explaining why the price of crude has been so subdued in the face of potentially severe supply disruptions in the Middle East. Turns out the world is awash in oil, the article explained — not just

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TLT – Lehman Bond ETF (Last:84.55)

We should know soon whether Silver’s mini-explosion upward, the second in three months, is just another false start.  From a Hidden Pivot perspective, the selloff of the last two weeks is not as bearish as it seems.  It triggered an attractive ‘mechanical’ buy on Monday when it touched the green

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THE MORNING LINE

AI Profits Nowhere in Sight

Although the biggest players in the tech world have sunk trillions of dollars into AI research and development, none of them has made a dime. Will they ever? That’s a reasonable question, considering no one really knows how AI will reshape the economic world, other than eliminating many millions of jobs. The investment frenzy continues to gain momentum nonetheless, recalling the South Sea Bubble of the ‘roaring’ 1720s. A widely quoted item from that era was a prospectus for a company claiming to be carrying on “an undertaking of Great Advantage but no one to know what it is.” One could argue that it’s different this time, but is it really? Quite possibly not, considering that Bitcoin, a currency with no intrinsic value, has increased in value from an initial $0.003 in 2010 to a current $118,000. These are crazy times, and nothing drives people crazier than the prospect of thousandfold returns on their savings. However, before you plunk down your own hard-earned dollars on a flight of fantasy, check out my recent interview on Howe Street. (Note: I make an exception for Nvidia shares, for reasons that are explained in the interview.)

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These picks include a rotating basket of stocks, futures, indexes, and other hot issues, with a daily focus on precious metals. Rick’s Picks subscribers have their favorites, so Rick regularly covers Comex Gold & Silver, the NASDAQ, the Euro, and the E-Mini S&P in addition to the hot issues he believes will offer significant profit-taking opportunities for his subscribers.

Each specific pick is hand-selected by Rick, and includes actionable trading advice, specific price targets, and annotated Hidden Pivot charts with supporting data.

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