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July 21, 2024 | Big Selloff Was Tightly Scripted

Bears shouldn’t get their hopes too high just because the S&P 500 plummeted for three straight days last week. The selloff seemed tightly scripted, given that the Dow Industrials were rising just as sharply at least part of that time. This is shown in the chart above, which captures price action on Thursday. The implication […]

July 14, 2024 | Summer Doldrums It Ain’t

The dog days of summer have returned with a vengeance to Florida this year, especially in my home. The air conditioner’s condenser coil sprang a leak, which is hardly unusual considering that it’s eight years old. What is unusual, and causing more than a little inconvenience, is that the broken part will take a month […]

July 11, 2024 | Does AI Deserve All the Money It’s Getting?

Will AI make you more productive or just take your job?

July 7, 2024 | Nostalgic for Summer Doldrums?

The dog days of summer have returned with a vengeance to Florida this year, especially in my home. The air conditioner’s condenser coil sprang a leak, which is hardly unusual considering that it’s eight years old. What is unusual, and causing more than a little inconvenience, is that the broken part will take a month […]

June 30, 2024 | Dollar Derangement Syndrome

Of all the markets tracked by Rick’s Picks, the dollar arguably has been the most interesting. This might seem paradoxical, given the relatively placid look of the Dollar Index chart above. Although there has been moderate turbulence since early last year, the overall impression is of a transoceanic flight cruising within a vertical range of several […]

June 27, 2024 | Is the Stock Market a One Trick Pony?

Should tariffs replace income taxes? Special Free Trial Offer!

June 23, 2024 | ‘Strong Economy’ Is a Dirty Lie

The disconnect between tight Fed policy and a U.S. economy on the brink of recession is growing more unsettling every day. A key question is which economy we are talking about, since there are two distinctly different ones that Fed actions can affect. The first is the economy of consumer goods and services. It is […]

June 16, 2024 | Short Squeeze Blows the Roof Off Stocks

Last week’s rabid short-squeeze punctured bull-market targets I’ve been drum-rolling for months in Microsoft, Apple and QQQ. Moreover, the bullish look of the S&P 500 chart shown above is so clear and compelling that even the most stubborn permabears will need to make room for more upside to at least 6118, a nearly 13% rally […]

June 13, 2024 | Stock Markets Using Confusion To Go Higher

AI reliability questionable

June 9, 2024 | Soft Landing Fantasies

Those who think the wizards at the Fed have engineered a soft landing for the grotesquely pumped U.S. economy are in for a rude awakening. Strip out the “wealth effect” from mega-cap stocks driven mostly by hot air and short covering, and the economy is already in recessionary muck. Although yacht sales reportedly are still […]

June 2, 2024 | Market’s Insanity Is Tightly Scripted

Speaking of my fellow gurus, our switchboards have lit up to warn that something big is looming.  Even the oddballs who think stocks are headed much higher seem to agree that a punitive correction is long overdue. And although each of us would like to believe that the arrival time of whatever dreadnought is coming […]

May 30, 2024 | Markets in Danger of Major Slippage

Which stock is the bell-weather for the markets?

May 19, 2024 | Silver Eager to Settle a Score

The white-collar thieves who manipulate bullion appear to be losing their grip. Silver bulls have long wondered how prices could languish even when demand for physical appeared to overwhelm dealer supplies. Blame paper proxies for precious metals, since many if not most investors would rather store and swap the stuff in virtual form than pay […]

May 17, 2024 | It’s Getting Harder to Get Physical Silver

Why isn’t the price of crude much higher?

May 12, 2024 | Don’t Be Fooled by Gold’s Stealth Bull

Although there is no publicly traded company called Pirate’s Treasure, the impressive price history displayed in the chart above is real enough. The Canadian company holds royalties to five gold mines that could conceivably rank among the largest in the world someday, according to ‘Spartacus’, a Rick’s Picks regular known for his street savvy, his encyclopedic knowledge […]

May 5, 2024 | Gold, Oil and Putin’s Grand Plan

Some of you may remember Gary Liebowitz, a troll that I 86’d from the site years ago. He still harangues me now and then, and I am saddened to report that his rage has only worsened, especially where Trump is concerned. Here’s a pungent note from Gary that just plopped into my email box. I […]

April 28, 2024 | Red-Hot Nvidia Recalls RCA Mania of 1929

The chart above shows RCA’s spectacular climb to the Mother of All Tops in 1929. The larger chart that frames it shows what Nvidia shares would have to do to replicate the peaks and troughs that set up RCA’s plunge into hell. Notice that the stock’s final top (#4) was just marginally higher than one […]

April 21, 2024 | Prepare to Sell in May and Go Away

The portfolio managers who rig the markets appear to be losing their touch. Usually, they are able to short-squeeze stocks in the ‘lunatic sector’ — our label for the egregiously mis-named ‘Magnificent Seven’ — when earnings are announced after the close.  This quasi-criminal manipulation can add hundreds of billions of dollars to the world’s ‘wealth […]

April 18, 2024 | Still Lots of Room for Higher Gold, Silver

The manipulation of precious metal prices losing its grip

April 14, 2024 | Springtime for Bonds?

  The devastating bear market in Treasury paper since 2020 may be nearing an end. I was pessimistic about this myself when TLT, an exchange-traded fund, that tracks the long bond, broke down last week. But a bigger picture saw this as occurring in the context of a market that may have bottomed last October. […]

April 7, 2024 | At Ringside for Another Freaky Friday

[Many readers of these weekly commentaries may not be aware that the focus of Rick’s Picks each day is on timely trading ideas. Below is chat room banter for a typical ‘freaky Friday’. The discussion includes several trades that were posted ahead of actionable opportunities in a few stocks, including McDonald’s, Tesla and Amazon. All the links […]

April 4, 2024 | Gold Rally Real This Time?

US Economy great for billionaires, not so much for everyone else

March 31, 2024 | Why We Fail to Fix Things

[My colleague Charles Hugh Smith is a true outside-the-box thinker who tackles big questions with intellectual rigor and bold imagination. In the commentary below, he explains why neither our political system nor technological wizardry have been able to solve problems that threaten to topple the global economy and destroy our quality of life.  You can support excellence […]

March 24, 2024 | Bullish and Bored? Here’s the Cure…

  The Fed’s main job supposedly is to manage our expectations, but have Powell & Co. painted themselves into a corner? At the moment, it would appear that investors have no clue what to expect. That wouldn’t necessarily be a bad thing, except that their default mode has been to push stocks with multitrillion dollar […]

March 21, 2024 | Will Trudeau’s Carbon Tax Hike Boost Inflation?

Is the party for Gold and Silver expected to continue?

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