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September 12, 2017 | One of These Days, the Dollar….

Rick Ackerman

Rick Ackerman is the editor of Rick’s Picks, an online service geared to traders of stocks, options, index futures and commodities. His detailed trading strategies have appeared since the early 1990s in Black Box Forecasts, a newsletter he founded that originally was geared to professional option traders. Barron’s once labeled him an “intrepid trader” in a headline that alluded to his key role in solving a notorious pill-tampering case. He received a $200,000 reward when a conviction resulted, and the story was retold on TV’s FBI: The Untold Story. His professional background includes 12 years as a market maker in the pits of the Pacific Coast Exchange, three as an investigator with renowned San Francisco private eye Hal Lipset, seven as a reporter and newspaper editor, three as a columnist for the Sunday San Francisco Examiner, and two decades as a contributor to publications ranging from Barron’s to The Antiquarian Bookman to Fleet Street Letter and Utne Reader.

I’ve returned my focus once again to AAPL as a key market bellwether, even though the stock spent Tuesday in violent conniptions.  Our other telltale is the U.S. dollar, which has rallied moderately this week, although not yet enough for us to infer with confidence that the nasty correction since January is over.  One thing’s for sure:  When the greenback finally turns higher with a vengeance, all the nutty assumptions that have buttressed the global financial system’s house of cards will collapse overnight.

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September 12th, 2017

Posted In: Rick's Picks

One Comment

  • Avatar mike scandiffio says:

    Hi Rick,
    Your comments please on this scenario:
    Market sell-off into November ’17 (than rally in December, downtrend resuming in January ’18). Dollar spikes up into December on liquidity crisis.
    Some give back in gold but January lows hold; silver breaks Jan. ’17 lows but not Jan. ’16 lows. HUI takes big hit with general equities markets going down but once in a lifetime buying opportunity in silver and HUI in Jan. ’18. Gold begins a massive leg up in Nov. 17 and keeps going. One more dip to 1.5 % in 10 yr. yields in Dec. 17 but bond vigilantes arrive something in 2018. Just a hypothetical; I’m trying to get a big picture.

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