Someone mentioned during yesterday's impromptu trading session that those born under the sign of Leo (as I was, on July 30, along with Schwarzenegger, Lisa Kudrow and Peter Bogdanovich) might be in for a rough time, at least for a while. Since I had just read a horoscope that predicted just the opposite, let me share it with you here: "This could be an incredible period of creativity for you. In addition, romantic feelings and desires to both give and receive affection are powerful. Growth for you this month can come from developing deep feelings of devotion for those in your personal life as well as profound compassion for the pain and suffering of others even if you don’t know them on a personal basis." To access the full text of astrologer Rio Olesky's monthly analysis, click here.
Links
Video: Staying Ahead of the Crash
– Posted in: LinksOn Thursday morning, with the stock market collapsing, we conducted another of our live impromptu webinar sessions for Rick's Picks subscribers. As stocks were plummeting, we looked for trade entries and potential swing lows in a number of vehicles, including Gold, Crude Oil and the E-Mini S&Ps. Check out this video if you want to see Hidden Pivot Analysis at work, turning the panic, fear and confusion of most everyone else into valuable information that was easy to use.
Obama’s Supporters a Grim Lot…
– Posted in: Free Links Rick's PicksFrom Peggy Noonan, here's a nice companion piece to the hit-job from Fouad Ajami linked above. This essay -- Noonan at her best, which is saying something -- says Obama is unloved even by his remaining supporters, a loser who can no longer connect to the American people.
Obama the Pessimist
– Posted in: Free Links Rick's PicksNotable and quotable, from a Wall Street Journal essay penned by Fouad Ajami: "Temperament mattered. Ronald Reagan was the quintessential optimist, his faith in America boundless. He had been given his mandate amid economic distress—the great inflation of the 1970s, high unemployment and taxation—and a collapse of American authority abroad. Through two terms and a time of great challenges, he had pulled off one of the great deeds of political-economic restoration. He made tax cuts and economic growth the cornerstone of that recovery. Economic freedom at home had a corollary in foreign affairs—the pursuit of liberty, a course that secured a victorious end to the Cold War. The 'captive nations' were never in doubt, American power was on the side of liberty. "By that Reagan standard, Mr. Obama has been a singular failure. The crippling truth of the Obama presidency is the pessimism of the man, the low expectations he has for this republic. He had not come forth to awaken this country to its stirring first principles, but to manage its decline at home and abroad. So odd an outcome, a man with an inspiring biography who provides no inspiration, a personal story of 'The Audacity of Hope' yielding a leader who deep down believes that America's best days are behind it." To access the full essay at freerepublic.com, click here.
Audio: The Future of Gold & Silver
– Posted in: LinksOn Friday, Rick was interviewed by Al Korelin of The Korelin Economics Report. In this segment, Rick discusses the future of gold and silver.
Video: An Impromptu Hunt for trades in Real Time
– Posted in: LinksIn this impromptu session conducted Thursday morning, we looked for real-time trading opporunities in the E-Mini S&P, the Mini-Russell, Silver Wheaton and some other vehicles. These sessions are open to all Rick's Picks subscribers, although this recording is being made available to the public. Subscribers can be notified when the impromptu sessions are about to begin, and receive trading alerts intraday, by signing up on the "Contact Us" tab at the top of this page. A free trial subscription is also available by clicking on the link near the upper left-hand corner.
A New Deal for America
– Posted in: Free Links Rick's PicksA new 'New Deal' proposed by the indomitable Sultan Knish would break up the government monopoly on nearly every aspect of our lives. "There is no reason why the hard work of the American people should be funneled back and forth between politicians, allied companies, unions, non-profits and the rest of the gang," he writes. Click here for the full essay.
Obama is ‘Huey Long with a better tailor…’
– Posted in: Free Links Rick's PicksWriting on the imperial presidency, George Will's most recent column is as good as it gets: 'Congress Reminds Obama He's President, Not King'. Click here to access this gem-of-an-essay.
Audio: Rick on Gold, Palladium & Corn
– Posted in: LinksRick was indeed very busy in front of the microphone this weekend. In this 15-minute segment with Kerry Lutz of the Financial Survival Network, Rick discusses his views on gold, palladium and corn.
Audio: The Greek & US Deficits
– Posted in: LinksRick Ackerman discussed the US and Greek deficits with Al Korelin on this past weekend's edition of The Korelin Report. The entire show can be heard here, or you may listen only to Rick's segment here.