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Oil hit Rick’s target and now he is short

June 9, 2016

This moring we focus on the moves in oil and gold. First off crude exceeded Rick’s target in the $51 range and has pulled back. He is short with his subscribers and looking for a continued move back into it’s range. We also talk about the moves in gold, dropping overnight and being bought back up int he face of a rising dollar.

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Discussion
27 Comments
    Jun 09, 2016 09:31 AM

    Corey! I know you all have talked about ASM on the show. It just went into rocket launch mode! My average is 1.45 and she hit 2.29 today. Been holding for about 6 weeks. Wow! My USLV position is making me some lunch money.

    CFS
    Jun 09, 2016 09:45 AM

    Re: GMLP….time to sell now, IMHO.

    Jun 09, 2016 09:51 AM

    WAR UNLEASHED. We are going to war.

    # 1. This is not going to end without a major war.

    The Western Imperialists Banker Elite will protect
    their banking syndicate at all costs, that’s why they
    are waging and anxiously provoking a war with
    Russia. ( I said this about 16 months ago on the site )
    Gold will be held in check. What we are seeing now
    and a major war is on the way to protect the Elites
    Banking Syndicate.

    https://youtu.be/i2PAPqHw7jw

    Click on the 6 minute mark on the video.

    So, anyone who believes that no war is about to break
    out has the discernment of any empty clam shell.

    You are either too preoccupied with others interests in
    your life to care and naive of the events that are
    forthcoming listening to MSM etc.

    Until this major war has passed, no one can count on
    bullish outcomes for gold. For that matter anything.

    LEARN MORE – CLICK ON THE VIDEO. & open your eyes.

      Jun 09, 2016 09:10 AM

      jJim Willie is a cr@ckpot.

      imo, he loves to inflame. I have never head an interview where he
      acts like a “normal” human. He and Eric king of kingsworld are 2 bafoons that should be ignored. Make your decisions without listen to the 2 alarmist commentaries.

        Jun 09, 2016 09:24 AM

        I can agree Dave. The only reason why I used his words
        in the video to explain whats really taken place.

        Regarding why the war is being waged by Jim is 100%
        accurate.

        http://www.reuters.com/article/us-russia-base-bryansk-idUSKCN0YT1PN

        Or people can go on in life like they do just ignoring and
        being desensitized by MSM who is contolled by The Elite.

          Jun 09, 2016 09:43 AM

          Its not that people ignore the situation. We realize there isn’t a damn thing we can do about it.

          My suggestion is, do not worry about it. If you believe in God, make your peace and believe that He will protect you and your family.

          Fear no longer works, I have lived that way for 10 years during the bush administration.
          There are some God fearing Christians at the top of our military brass, and they are not suicidal. They know if they push to hard, Russia will lash out. If you out too much pressure on the Russian government and leave them no options, they will lash out harshly.

          They know this and more. Neither side wants war. It is brinksmanship, and it has been going on since I have been alive.

          If the stress is too much for you, I suggest you shut off any news outlets, and go have a nice dinner with a loved one. If you are a believer, realize that Christ does not want people to live in fear.

            Jun 09, 2016 09:08 AM

            I agree Dave but spiritually very few are prepared. I will not
            go into the specifics but you should be fully aware of what
            I’m going to say. Living for the world is enmity with God.
            Leave it there.

            Also, the reason for my post was specifically why gold will
            be held back and we have a war being waged to keep the
            Western Imperialists Elite Syndicate controlling the entire
            worlds usury banking system.

            My commentary relates to the financial system and gold trade.

            Jun 09, 2016 09:12 PM

            Dave, above all, He Is a Rewarder to those who Diligently seek Him.

            Jun 09, 2016 09:31 PM

            I did forget to mention too Dave !!!

            This is the largest military offensive build up against Russia
            since 1941 when Hitler invaded.

            20 million Russians died.

            You need to understand this is beyond serious. Its very
            dangerous and we are not waging war with a nation like
            Iraq etc.

            No, this proactive offensive against Russia we have never seen
            before. Not since Hitler !!

            There is a very good reason America is asking to be destroyed.
            Many people do not understand whats really happening in this
            world. When it happens for a lot of people it will be too late.

            Jun 09, 2016 09:22 PM

            Did Christ tell you this? Or did he email you?

            Jun 09, 2016 09:50 PM

            Doesn’t have to Chris.

            Reprobate minds are now the mass majority
            and rulers of this world are all on the path to
            annihilation and total destruction.

            Do not be deceived. What this world sows, it
            will reap also.

            To ignore the signs will be a fatal oversight and
            miscalculation. Many are and that’s one of the
            major signs the path to total destruction is now
            paved.

            Jun 09, 2016 09:46 PM

            Learn more. Guaranteed to stimulate the mind
            and gain knowledge not found anywhere else.

            https://m.youtube.com/watch?v=lktmmd7YnD8

            People perish for the lack of knowledge.

            Jun 09, 2016 09:50 PM

            Click on this video. Not the one above.

            https://m.youtube.com/watch?v=FX3LacqYR58

            Learn more then watch both.

    Jun 09, 2016 09:56 AM

    trader jake is that really you HH?

      Jun 09, 2016 09:15 AM

      Of course it is James. Otherwise he’d deny it. Furthermore, i’s necessary to fight his war longing tooth and nail. Not saying war won’t happen but first and foremost we need to pray that those who seek peace may be given the wisdom to hold the globalist warmongers at bay.

        Jun 09, 2016 09:29 AM

        You’ve been saying that for over a year.

        War is about to break out. Closer by the day.

        http://www.reuters.com/article/us-russia-base-bryansk-idUSKCN0YT1PN

        You can’t even get out of your own way.

        Like you live in a cave and no outside communications.

        Its unfolding under your own eyes and watch. !!!!

        Jun 09, 2016 09:57 AM

        MSM has desensitized the population with just about
        every distraction and the world of gadgets, video games,
        television and just to name a few of countless items.

        Everyone will be taken by surprise. This war will not only
        happen, its assured for the reasons in my main post above.

        You can use criticism all day but the factual information
        cannot be disputed. This war is ramping up and conflict
        could happen at anytime. Setting off all the derivatives
        and this will be the mother of all collapses and destruction.

    Jun 09, 2016 09:01 AM

    Gutsy call if you shorted oil. Good luck to you.

    You make great calls, so I am sure it will work out for you

    Jun 09, 2016 09:07 AM

    Checkout the debt clock. http://www.debtclock.org

    If you look to the bottom left box you will see the silver and gold value. The value is calculated using the year over year M2 money supply devided by the number of ounces produced by mining per year.
    The gold value is $7,341.00
    The silver value is $813.00

    Maybe metals ARE a bit undervalued?!

    Jun 09, 2016 09:08 AM

    Oops, bottom right box

    b
    Jun 09, 2016 09:41 AM

    So is the metals price on the clock intended to suggest buying?

    Jun 09, 2016 09:57 AM

    Corey: right on the money about the comments. I don’t even bother to read any of them anymore or post because they are so vitriolic and juvenile.

    I will ALWAYS listen to the fantastic “daily editorials” . . . please keep up the good work and thanks so very much to all the contributors. You are all fantastic!

    Jun 09, 2016 09:04 PM

    Sounds hilarious that people are talking about 30’s oil. It is not a dead cat bounce if it has doubled and investors will keep pushing this up as the banks can’t have too many oil companies failing and the market has to be supported.. Gold has done only a small move and yet investors are calling it a new bull market. It will have a small correction and the charts are showing $60 as a possible target. A strong buy in the daily and weekly right now. If the market forecast is bullish that will imply higher oil prices.

      Jun 09, 2016 09:34 PM

      Interesting Paul. Oil already crashed. Very possible your
      analysis is accurate. I have no opinion on it but you have
      been really making some excellent market calls around
      here from memory.

      If your gold call holds true of 800, theres going to be a lot of
      disappointed bulls on this blog. Everyone is bullish.

      Thanks for the update. Always good to hear what you are
      forecasting.

        Jun 09, 2016 09:40 PM

        Aside from the mirror, I don’t see much bullishness at all. Most bulls have missed the move and want a pullback while even most who’ve been in the market have joined them in calling for an intermediate top.

        The comment section is bullishly dead considering the action this week. Not even Adam Hamilton expects further upside until the fall.

        The wall of worry is very much intact as even I am far from certain about what’s next.

        That is, in part, why I remain all-in; significant tops do not come with such widespread doubt.

          Jun 09, 2016 09:42 PM

          All the gold sites newsletter writers are bullish. GS just posted
          bullish analysis. Gold does have a daily cycle low here.

          What could go wrong ? Bullion banks could sell thousands of
          gold contracts driving the price lower. We have seen that before.

          Right now, I have no interest in trading it. Does not meet my criteria
          or requirements for 100% risk reward in my favor.

          I know Birdman had a target on this bounce of around 1290. I’m
          standing aside because of my comments above.

          Enjoy the ride if gold catapults higher. It could go either way but the
          bulls are in control. That’s in your favor. Still, don’t like the risk reward.

          I rate it a 7 in favor of the bulls. No dice !!! 10’s only get a passing grade.