-- Posted Friday, 2 February 2007 | Digg This Article
| Source: GoldSeek.com
Rick’s Picks
Friday, February 2, 2007
“Phenomenally accurate forecasts”
The Winter Wonderland thing is getting a bit tiresome here in the Denver area, what with the season’s seventh snowstorm currently heavily in progress. I drove 15 miles to meet a friend for lunch and the roads were fine in what was light snow. But 90 minutes later, when I returned home, there were white-out conditions along much of the Front Range, and I was once again poking along in traffic that had slowed to a crawl due to spinouts, fender benders and worse.
Thursday began with a scintillating Q&A forum at GoldSeek.com, a one-hour event that peaked with about 60 participants. Numerous topics of interest to traders and investors discussed, including the technical outlook for bullion as well as for certain stocks and commodities. You can access the archival transcript of the session simply by clicking here.
While I was out to lunch the Dow wafted higher -- borne aloft, evidently, by a steady breeze of strong earnings reports. Exxon Mobil topped the list with a $39.5 billion profit that was the largest in U.S. history. This seemed to have more than offset a bum report on January sales from GM and Ford – no surprises there – and there were yet a few more bullish quarterly announcements from Boeing, AMD and Comcast. All of which should set the stage for a strong finish to the week. Yesterday’s Dow close of 12673.68 was a new record, but we shouldn’t be surprised to see it broken by the close of today’s session.
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Seminars in Atlanta, Boca
I’ve received numerous requests to offer Hidden Pivot seminars in Atlanta, Georgia, and Boca Raton, Florida. I will do so if there is sufficient demand, so please let me know if you would be seriously interested in attending in either place. The two-day class would probably be held sometime in the spring of 2007. Contact me via e-mail, including your contact information and choice of locales. The cost would be $1,500 USD.
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Information and commentary contained herein comes from sources believed to be reliable, but this cannot be guaranteed. Past performance should not be construed as an indicator of future results, so let the buyer beware. Rick's Picks does not provide investment advice to individuals, nor act as an investment advisor, nor individually advocate the purchase or sale of any security or investment. From time to time, its editor may hold positions in issues referred to in this service, and he may alter or augment them at any time. Investments recommended herein should be made only after consulting with your investment advisor, and only after reviewing the prospectus or financial statements of the company. Rick's Picks reserves the right to use e-mail endorsements and/or profit claims from its subscribers for marketing purposes. All names will be kept anonymous and only subscribers’ initials will be used unless express written permission has been granted to the contrary. All Contents © 2006, Rick Ackerman. All Rights Reserved. www.rickackerman.com
-- Posted Friday, 2 February 2007 | Digg This Article | Source: GoldSeek.com
