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Targets for gold, oil, and the markets… Are we getting close to a turn?

November 13, 2014

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Discussion
38 Comments
    Nov 13, 2014 13:30 AM

    There are quite a few people who don’t believe in gold manipulation. Since there are several cases that large bullion banks are fined for gold manipulation in FX exchange. There is also report that central banks are managing gold more actively recently as bullionVault got from LBMA conference. I hope we come to conclusion that gold has been manipulated by the bullion banks and central bank. This is fact not conspiracy. As for how to use the information it is a different topic.

    No one can predict the manipulated market. Bear or bull market for a managed market can change at any moment, depend on the guy who manage it and his resource.

    http://news.goldseek.com/GATA/1415897980.php

    The conventional market is the relieve valve for inflation.

    As for oil, I will remember rick’s call.

      Nov 14, 2014 14:47 PM

      Forget manipulation. All that is just losers’ talk because they are losing money in a bear market. It’s is just like any other bear market, secular or cyclkical, who knows? Only time will tell.

      The manipulation losers always shouted that manipulation could never change the general trend, only create a nice short trade for while. Now we have been in a downtrend for 3 years and 2 months with a new low this month. All that time the manipuation crowd has been shouting manipulation, even though they spent the previous 11 years saying that manipulation could not stop the bull market.

      Their very words are proof of their utter BS biased view on life, their immaturity and inability to understand the nature of any market, bull o bear.

    Nov 13, 2014 13:35 AM

    Al, I heard Tohoe has a low production cost. Are they your client?

      Nov 13, 2014 13:05 AM

      No Lawrence Tohoe is not a sponsor nor a regulatory client.

      Your comments regarding manipulation are appreciated, by the way.

        Nov 13, 2014 13:20 AM

        I am interested to see their justification of selling so much silver at this price. How much 500g/ton reserve they have? I think it is very very rare by now. It used to be a lot. Silver is more concentraded on earth surface so the good resource should have been located. Are they just give the farm away or they want to acquire others with the money they got?

    Nov 13, 2014 13:43 AM

    Rick thank you for the daily comments..

    Cory 35/40 wti oil
    gold/silver ratio 78/80

    patience patience patience
    Were very close not yet

    Rick bang on with the miners..

    Rick disagree with equities.

      Nov 13, 2014 13:05 AM

      Thanks for the comment, Glen!

      Nov 13, 2014 13:28 AM

      $35 oil will turn Alberta into a wasteland. Our cost is way way above that and we have to spend 30 dollars to ship it to US. Even a producing oilsand project need 50-60 to run. Shale oil is also very expensive. I think Chesapeake senior engineer told me it needs 70-80 and it was 2 years ago. These wells will deplete in a few years and people will not drill if they loose money. They actually shut in the wells. That price will grind North American oil to a halt and bankrupt huge number companies. We have a lot of layoff based on the 80-90 dollar already. Can Obama afford to crash the only industry which is working?

        Nov 13, 2014 13:35 AM

        Warren Buffett has forced Alberta to ship oil by rail and Obama has been killing any hope of Keystone pipeline.

          Nov 13, 2014 13:36 AM

          Now Steven Harper has to negotiate with China which personally he hate a lot.

          Nov 13, 2014 13:41 PM

          I have no idea why Obama is doing that!

        Nov 13, 2014 13:40 PM

        Honestly Lawrence, at this point I have no idea what this guy will do!

          Nov 14, 2014 14:06 AM

          Oil is the most political commodity. I am not sure anyone playing a role except Saudi for this low price. However, Obama policy is turning strong pro-American conservative government in Canada into pro-china. I remember shortly after this government was elected , Mr. Harper was chasing after Chinese president to protest Chinese human right record. Now he is chasing after him to sign trade deals. I did not hear one human right word in the recent APEC meeting. He even allowed Chinese companies to take over key Alberta oil asset. Even worse, he played a role to get Northern Gate pipeline approved at least in paper. Our new Alberta premium also placed the expansion with China trade as the top agenda. Al, in the big scheme of things, Barak is working against American interest.

            Nov 14, 2014 14:09 AM

            Once Northern gate pipeline is built, it is bye bye America. there is no way for Alberta to sell oil at 40 dollars below international price.

      Nov 13, 2014 13:24 AM

      I agree with Rick on the equities and am up substantially on some SPY puts that I bought this morning (though mine don’t expire tomorrow so I’m not up as much as Rick).
      For the record, I did not bet against stocks even once during the current bull until late August this year.

    Nov 13, 2014 13:04 AM

    I believe Rick has been trying to pick a top in the stock market for the past 5 years.
    I am amazed he’s not flat broke.

    I think his philosophy is ignore the trend and keep betting against it.

      Nov 13, 2014 13:06 AM

      My understanding is that Rick feels that way from a technical standpoint.

      You must admit Keylime that his short term calls (trading calls) are pretty good!

        Nov 13, 2014 13:43 AM

        Keylime….I don’t subscribe to Rick’s Pick’s but I do monitor the web site and the recommendations that are posted there. I have tracked them all for over a year now and the results are very good…..good enough to tempt me to subscribe next year….I don’t understand the hidden pivot points and it sounds too complicated for me to understand therefore I have not taken the course but I have read the blogs and the traders that have taken the course are all very positive regarding results….just for information purposes…

          Nov 13, 2014 13:15 AM

          I agree, Gator. Even the free targets Rick puts out are incredibly accurate —and I’ve been paying attention for years.

      Nov 13, 2014 13:15 AM

      Ah, another clueless lurker. My subscribers and I have been making money for years playing both sides of the market, Keylime. This morning, for instance, we were able to buy SPY Nov 14 204 puts using a 204.86 target I disseminated in the Rick’s Picks chat room at noon (exactly). SPY was at 204.53 and rising at the time. It topped shortly thereafter at 204.83(!), and then dropped $1.12. That caused puts that some had beedn able to buy for as little as 0.22 to more than triple, exploding to 0.70 in just 50 minutes. Picking tops is just a hobby, Keyline. And as those who follow my actual trading recommednatins more closely than you evidently do would attest, I’m pretty good at it.

        Nov 13, 2014 13:21 AM

        Correction: The SPY target was disseminated at exactly 10 a.m. I get confused sometimes because I track charts in Colorado time, while my chat-room time stamps are in Eastern time.

    PF
    Nov 13, 2014 13:08 AM

    Rick, when you talk about oil targets, are you referring to Brent oil or WTI oil?

    Nov 13, 2014 13:18 AM

    NYMEX futures, PF: West Texas sweet light, the world’s most actively traded energy contract.

    Nov 13, 2014 13:18 AM

    Big Al, actually not, his short term calls has not been that accurate. At least in my opinion.
    Let see how his most recent short term call in the S and P pans out. Once again he’s shorting the S and P as it continues to make record high.

      Nov 13, 2014 13:30 AM

      I know that he and his subscribers are making pretty good money.

      I can also attest to the fact that Rick is long on both experience and integrity!

      Nov 13, 2014 13:31 AM

      I would suggest that you do take a two week free trial and then see what you think. Rick has the link for the free trial posted below.

        Nov 13, 2014 13:46 AM

        Keylime….I don’t subscribe to Rick’s Pick’s but I do monitor the web site and the recommendations that are posted there. I have tracked them all for over a year now and the results are very good…..good enough to tempt me to subscribe next year….I don’t understand the hidden pivot points and it sounds too complicated for me to understand therefore I have not taken the course but I have read the blogs and the traders that have taken the course are all very positive regarding results….just for information purposes…

          Nov 13, 2014 13:46 AM

          Sorry for the double post…….fat fingers on the keyboard…..

          Nov 13, 2014 13:08 AM

          Thanks for the support, Gator. I was an English major, and the Hidden Pivot Method I’ve developed over the years is dumbed down so that even I can understand it. The tricks are mostly visual, and that’s the way I teach it. I’ve boiled the Hidden Pivot course down to three hours and will be giving it tonight. The old price, $990 for a six-hour course, has been reduced accordingly to $550. More information at: http://us1.campaign-archive1.com/?u=822f57272edf2c46e4f77a7be&id=2013ddc106

    Nov 13, 2014 13:26 AM

    Major moves (volumes) detected in GLD at top prices, between 10:30 am to 12:00 pm. Good sign for the bulls.

    Nov 13, 2014 13:26 AM

    Keylime: Exactly which short-term calls have not been “that accurate”? Instead of mouthing off aout something you know nothing about, why don’t you take a free two-week trial to Rick’s Picks and see for yourself. Make a point of visiting the chat room, where you can ask subscribers yourself about the accuracy of my forecasts. Here’s a link for the free trial: http://www.rickackerman.com/lp/RicksPicks/?utm_source=site&utm_medium=link&utm_campaign=free-trial

    Nov 13, 2014 13:11 AM

    Rick in all due respect if you were so “accurate” with your predictions (short term or long term) wouldn’t you be a billionaire by now.
    Even if you were 51% “accurate” you would be extremely wealthy.

      Nov 13, 2014 13:29 AM

      He will not say it so I will, Rick is doing just fine!

    Nov 13, 2014 13:28 AM

    Many who use my targets can trade circles around me, Keylime. I am very cautious by nature, and that’s why I drive a 15-year-old Lexus rather than a Lambo. If I do strike it rich, it won’t be by trading, but via some big ideas I’ve got.

    Nov 13, 2014 13:29 AM

    I do have to admit I really do love listening to you commentaries and analysis of the markets.

    Nov 13, 2014 13:34 AM

    meant to say “your” commentaries and analysis of the markets.
    You’re probably right many people can trade circles around me. I take that as a compliment because “most” short tern traders probably are losing money in the long term. The ones who are successful at short term trader are probably doing that for a living.

    Nov 13, 2014 13:31 PM

    Okay, Keylime, we’re BFF now. The free trial offer still stands.

    Nov 14, 2014 14:31 AM

    I still believe your Deflationary scenario is totally correct Rick.
    Coal miners continue to be shredded.
    Interesting to read today that Glencore will shut 16 of their mines for a 3 week period next month in a bid to conserve some capital. 8000 Aussie miners will be forced to take annual leave or time off without pay during this period.
    That will be 5 million tonnes of coal less hitting the market during that period.
    Cheers.