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Rick’s trading strategy is hitting his targets today

January 20, 2016

Rick and his subscribers have been trading oil, the e-mini S&Ps, and the Canadian Dollar. He is playing the bounces from the lows we have seen today.

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Discussion
21 Comments
    Jan 20, 2016 20:06 AM

    Dow down over 450. Where’s Mark?

      Jan 20, 2016 20:09 AM

      resting………he had a late night…………..

      Jan 20, 2016 20:10 AM

      He is in ICU. He has overdosed on bearishness.

        Jan 20, 2016 20:12 AM

        he over davosed…………..

          Jan 20, 2016 20:13 AM

          Just joking MARK,,,,,,,,we love ya man………

            Jan 20, 2016 20:35 AM

            Dang, Dow down over 520. That’s gonna leave a mark…so to speak.

            Jan 20, 2016 20:40 AM

            Mark my words, these markets and this economy will get much worse before they get better. I do not think we will see a healthy economy with real significant sustained growth in our lifetimes.

            bb
            Jan 20, 2016 20:52 AM

            Well, its been dropping for awhile now, I hope somebody is making some coin on the short side.
            If this is the “biggest market disaster” in the history of markets I would think there would be some real money to make.
            Im still amazed there is little to no conversation about shorting.

            Jan 20, 2016 20:59 AM

            As I recall the conventional markets in 2008 were already in a bear market before they collapsed in the Fall of that year.

    Jan 20, 2016 20:08 AM

    I’ll take the $14…….up on gold…….gold is actually looking good. Over night , the market for gold is strong………………….jmho

    bb
    Jan 20, 2016 20:35 AM

    Interest rates remained unchanged too, gold in Canadian doesnt look too bad the last while.

    I would think miners anywhere other than the U.S. should be doing ok, guess people are just not interested.

      Jan 20, 2016 20:23 AM

      I think I told ya so a couple of days ago………………..on the loonie….vs. gold.

        bb
        Jan 20, 2016 20:02 PM

        Hasnt gold lost less purchasing power than paper dollars since about 1913?
        or since about forever maybe. lol

        But yep, we did get a jump, I was sorta expecting it too, which is why I moved to 10% from 5% at about 1400.

        Never sure what the right % of a portfolio is best, gold could still come down to Ricks 817. Docs doldrums are still in play.

        At some point % becomes meaningless I think, once a person owns enough he can sell enough monthly to cover expenses to the day he dies. Why keep buying?
        Maybe increase expenses? lol

      Jan 20, 2016 20:26 AM

      Miners in the US , should do ok, if they ship the gold out of the US , and forget the COMEX……..lol

        Jan 20, 2016 20:31 AM

        Shipping rates are so cheap………the Chinese will take all the dust the US miners have….after all, a couple of years ago, they were taking all the silver trash with the plastic trash back to China. There is still a lot of cheap labor everywhere in the world.

          Jan 20, 2016 20:27 PM

          IT is now cheaper to rent a dry barge ship than a Ferrari ………zerohedge….just post, after my remarks……..

    Jan 20, 2016 20:04 PM

    Dow Trans:

    http://schrts.co/hRXJxO

    Even a 25% bounce would change nothing about the bearish outlook.