Jim Rickards` Impact SystemIs anyone familiar with this new pitch from Jim Rickards? He says it is a new way to make money that does not involve forex or stock trading!
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I will let you know in 3 months. Trying it out. I selectively follow his recommendations based on my own evaluation and thought.
Against my better judgement, I subscribed to Currency Wars Alert. Yes, I admit, it was the hype that drew me in. I mean, the “snake oil” letter mentioning huuuuuge gains. Rickards’ letter implies early on that we can make gains of: 530%, 848%, 2196%, and 1657%. Then comes the caveat. He tells us: “Of course, these are all examples of past trades. There’s no way I’m going to promise you’ll make 1,000%-plus returns on each and every trade or that you’ll never see a loser. And there’s no guaranteeing you’d be able to catch all of these trades.” Wow, thanks… Read More »
Update for you people: here is the dismal performance of this totally awful so-called-advisory letter. IMHO, though I like the historical works (books) by Jim Rickards , he has now totally sold his soul to the marketing machine called Agora. Yet (again) he turns out to be in for the money, not for the truthfulness of things. Too bad. Here are the closed positions as of today 23/3 (please follow the link to Postimg.org) : http://s9.postimg.org/owdwxegn3/2016_03_23_closed.jpg And here are the past positions: http://s7.postimg.org/5ufhlhykb/2016_03_23_open.jpg Now go figure what THAT would have done to your portfolio…. Utter devastation, I would argue. I’m… Read More »
I took a trial with the IMPACT system and it didn’t take me long to figure out the portfolio held loser after loser. I pretty quickly asked for my money back (fortunately there was no problem with that, at least). Since then I’ve come to see Rickards as one of the sleazier members of the financial advisory tribe. Case in point: the rash of emails I recently got, headlined, “Don’t miss this video of Jim Rickards at the White House!” (or some such). Start the video and he is standing out on the street with the White House in the… Read More »
frankgr, Well said!
As I mentioned in another post today: I see Agora as the problem for agora promotes all of their clients the same… IMO, Rickards did not serve himself well by joining Agora and I hope he leaves them… or I amy be mistaken and it is both him and agora!
By the way, when I see a recommendation with a “symbol” I look it up first. If the chart does not pass my filters I pass!
Charts Family are my only Trusted Friends and Equalizers.
Very interesting. Thanks to all that contributed to this thread.
I would like to hear what David Stone has to say now about his gains. Thanks
Copied from net this afternoon: Overnight a historic event took place when China, the world’s top gold consumer, launched a yuan-denominated gold benchmark as had been previewed here previously, in what Reuters dubbed “an ambitious step to exert more control over the pricing of the metal and boost its influence in the global bullion market.” Considering the now officially-confirmed rigging of the gold and silver fix courtesy of last week’s Deutsche Bank settlement, this is hardly bad news and may finally lead to some rigging cartel and central bank-free price discovery. Or it may not, because China would enjoy nothing… Read More »
This should lower the price of all fiat currencies and may make Yellen happy.The Fed may finally get the inflation they want to bail on the cheap. Once started it often takes a deal of pain to stop.IMHO Gold should now rise against $ Pound and Euro or more correctly they will drop.. Yen is such a mess ,,,, who knows? Ironic if Yuan becomes new reserve currency down the road.
Has anyone received the latest’Penny Gold’ MIDAS system? Charging $2000. From the comments above I won’t get suckered in. Agora.
Anything from “Agora” I delete immediately if not sooner 🙂
Rickards, a most brilliant man, UNFORTUNATELY, joined Agora to market himself. Rickards letters are very informative but were never dated until as subscriber I challenged Agora and eventually they started dating the letters. Surprisingly, Agora would not let me write to Rickards directly and would not tell me if they would pass my questions to him! My subscription will not be renewed.
I have received the same solicitation as v_vacious, and I think Ill take a pass also. Thanks for the valuable info.
I just subscribed to Rickards’ Unrestricted Access, which is a lifetime subscription for $5000 to all his offerings: the Gold Speculator, 5 min forecast, currency wars alert, intelligence triggers, and strategic intelligence. Look, I’ve read a lot of comments, and I notice guys found out what it was, placed a couple of trades, lost money and got out in the 60 day period with 90% of their money. Rickards almost always suggests long dated puts, Jan 17, so I don’t know that you gave the guy half a chance. You expected him to pick winners as soon as you buy… Read More »
For $49 a year I am subscribed to “strategic intelligence.”
The May issue which I just finished reading is so interesting and instructive that I may change my mind and renew! IMO, Rickards is brilliant.
By the way1, I have asked Agora to never send me anything but the Letter and they have stopped do so.
By the way2, since I never buy anyone’s stocks unless they pass through my personal filters, I am safe from all buy recommendations 🙂
Maybe he’s branching out into an exercise program?
Me encanta leer a Mr. Jim Rickards, pero he olvidado mi ingles, y me cuesta muchisimo trabajo la lectura en ingles. Soy español, de 80 años y lo que he leido de él, sus libros estan en español
Some of Mr. Rickards arguments regarding the price of Gold make sense – however, his timeframe not so much. Undoubtedly at some point Gold will go to $10K per oz. one but the question is when? Other predictions such as the Dollar declining because the Yuan it is now part of the SDR’s just do not make sense. SDRs are not a living currency and thus the addition of the Yuan to the basket should have no impact at all on the Dollar. Additionally, I have my doubts that SDRs will take over the Dollar as the de facto reserve… Read More »