ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
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 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 […]