written by reader Project Prophesy- at least Jim Rickards stopped calling for the death of the dollar. But I just listened to a long winded

By backoffice, January 10, 2018

proposition to watch for green lights (an indication of an explosive move on a stock) or a red light ( a negative move is coming on the stock. The cost goes from 3,000
down to $2.000 with a guarantee of 1 free year . It sounds interesting but his history is questionable, Thanks Travis.

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

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Travis Johnson, Stock Gumshoe

There are hundreds of huge server farms owned by hedge funds, dedicated entirely to sniffing out “indicators” for stock price movements, and any quantitative indicators that flash a “green light” with regularity to produce better returns than guessing stop working within a few months as soon as every other quantitative hedge fund recognizes the pattern. I like Jim Rickards’ big picture commentary when I read it (though I don’t always agree with him, it’s interesting), but I don’t think his “supercomputer” or his quantitative strategy for stock picking using his “project prophesy” is something that I’d take too seriously.

That’s just my impression after watching his promos and hearing from his readers over the past couple years, during which Agora has helped turn him into a high-end shill whose stocks are mostly picked by his co-editors, folks who’ve been picking stocks and options for Agora newsletters for a decade or more (Byron King, Dan Amoss, etc.)

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dayestarr
dayestarr
2 years ago

I made the huge mistake of buying Rickard’s “Currency Wars” option picking scam before I subscribed to Stock Gumshoe. Aside from the astronomical subscription price, each and every option I bought expired worthless, except one that made a small gain. If I use it again (I have a ‘coveted’ lifetime subscription) I will do the exact opposite of what he advises. I’m sure I’ll have much better luck. A chicken with a little feed tossed on a spreadsheet option chain would do better than Jim Rickards. I mean, how can you be wrong almost ALL of the time? Checking his closed trades just now, 6 of 11 lost 100%, 1 lost 55%. The highest gainer was 33%. Hardly the huge profits touted in his BS sales pitch – not that I expected that.

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lov2plum
lov2plum
2 years ago
Reply to  dayestarr

if you even thinking to join “project probulshit” don’t i did and so far like dayestarr above said out of six recommendations not one is profitable all in the red, Jim rickard is a fake his pupy Dan amoss could not have picked a profitable option on any company out of 60000 stocks trading if his life …..
just do the opposite of what they recommend and you will do just fine. there is no green light or red light just a Con artist hiding on some island stealing people money, but …..i have comfort that he is old and will die soon, i hope Pancho will spend my money well.
CXO jun 18 130 puts -75%
USO jan 19 12 puts -60%
MUX jan 19 2 calls -30%
HL , TLT, All recommendation are down.
The guy is a losser who is only hope is that gold will go to the moon so he can be right , if only once.
stay a way, save your money or just do the opposite.
I Feel sorry for the Watson Computer that its name is being associated with those clowns.

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datajunkie
datajunkie
1 year ago
Reply to  dayestarr

Rickards is a CIA agent; well documented. He is an ‘insider’ given info about what is going to happen and what to say to the public. Then, when does happen, it makes him look credible although his intent is to mislead. I sometimes look at what he says to see if I can pick out what the Rothschilds and Rockefellers next step may be since they are the collective “King of the World” providing him with propaganda points….. Two things are very apparent; these people own/control the entire global banking/currency system; all the “money”. Their bullion banks are bursting with tens of thousands of metric tonnes of gold and silver and; one way or the other, they issue all fake fiat ‘money’. They are secretive but not shy as they have proclaimed repeatedly; 1) they want to bring down the ‘west’ and create two classes of humans globally; them and the systematically impoverished peasants. 2) They are eugenicists and want to “de-populate” the planet by 90-95%. The Rockefellers have proclaimed this far and wide since before WW2; just google “Rockefeller medicine” or read Kissinger’s statements on the issue. The Rocks inflicted not only Big Pharma and the medical death industry but also GMO and other toxic food-like substances upon humanity. That’s called “soft kill” [along with now deadly “vaccines”; going after the children first] while endless wars on multiple fronts is “hard kill” and referred to in the Neocon’s Project for the New American Century documents which you can fine at the “Old American Century” web site. You don’t have to take my word for it… just follow the money.

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rwsandoval
2 years ago

these newsletter charlatans hurt many unsuspecting readers/customers. Stock Gumshoe is helping people like us. Travis Johnson is helping the little guy.

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paulinoz
2 years ago

Hahahaha hahahahaha
Rickards strikes again!!(AKA James Bond (not) “our man on the inside of the CIA FBI Pentagon, probably Kremlin, Buckingham Palace , 10 Downing street”–have I missed anyone?…And STYLE-wow – the sad remains of a mullet (I wondered about the baseball cap worn inside the house in some videos…) finished off with sartorial splendour as well–does it get any better??

There is better news for us–much better news..

There is a top secret development soon to be available to ordinary investing folks just like you and me –soon to be released–I have special knowledge , being on the inside–we call the “Rickards Reversal chip” (RRC)
This top secret about to be declassified product monitors the so called “newsletter” space on the internet 24/7 using proprietary RBS detection technology (RBSD)
It is combined with another detector which looks for wildly ambitious claims of return (we call this gear our Wildly Awesome New Kit–or WANK for short)
Simply put, the RBSD listens for any output matching the WANK settings from the target and when it detects an associated recommendation , the secret algorithms kick in, send commands to the RRC and digitally alters the video or text message such that the recommendation is reversed –without the recipient being aware.

Beta testing has been spectacular–16 out of 20 of every trades have been winners some as much as 555,555.5555 percent. Some as high as 999999999 percent. Some could have been made up.
With this ultra-top-secret technology at your disposal, you can be millionaire in a few months –perhaps weeks–perhaps if you start early on Monday you can retire wealthy on Friday –easy –with only a few dollars capital!!!

The best news is how easy it is to get this new “money factory” for yourself.Not to mention how ridiculously cheap!!!

Simply sign up with Travis and become an Irregular ($50.00 per year??) and your’e on the way to freedom!! I think this is the bargain of the century!!!!!!

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Isidro
Isidro
1 year ago
Reply to  paulinoz

sorry where can I sign in

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Rapids
Rapids
2 years ago

Thanks for the info everyone. You saved me from. Spending 2,000 to lose even more in investments.

glomerulus
2 years ago

Let me throw in my thanks to all who came before me and exposed (or should I say de-classified) this Jim Rickards guy as the BS artist he probably is. I read the whole transcript and figured out that he was selling an options scanning service, so, being an aggressive options trader, I figured this might be good. Then I said to myself, “let’s see what the real people on Travis’ website have to say”, and so I saved $2000 on what probably would have been yet another boondoggle.

You could probably get similar results for free by structuring searches in the stock or option hacker tools on thinkorswim.

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Anonymous
Anonymous
2 years ago

Just got a pitch for this in my email today. Started listening…love the pitch, especially the sections on how the politicians trade off news and by the time us little guys hear about it, the play is already gone. That and the lines about how so many politicians got out of the market during the last couple crashes before they happened, and didn’t get killed like we did (or at least like I did). But I knew it was too good to be true, came to gumshoe, and the truth is revealed.

p.s…this bit about those gov’t employees (i.e., senatits and congrassers) whose fortunes grow ten fold while in office, the right to trade on news before it happens (i.e., inside information), without punishment. Those same people who pull all their money out of the markets before a crash, where we lose our asses off, and they sit on the sidelines and watch. Highway robbery…where’s robin hood when you need him?

Ted MO
Ted MO
1 year ago

Rickards is actually an ultra-serious self important little guy that could well have been impersonated by Tim Conway. I’ve worked out some of his recommendations by following Travis’s detective work, invested in them, and lost my shirt each time. I now view him, and the whole Agora crew, as comic relief.

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Surirose
Surirose
1 year ago

I thought insider trading was illegal? How does the Senate and Congress get away with it, if indeed they act on information that they know before it becomes public? Why was Martha Stewart then taken down? Because she lied about it? We live in two different worlds, that of the government and their big corporate donors and that of everyday people.

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jamessko
jamessko
1 year ago
Reply to  Surirose

Surirose: members of congress (House and Senate) are explicitly exempted by law from the insider trading laws which govern everyone else. And Diane Feinstein has stated publicly that she has traded on inside information, which she correctly points out as being completely legal. Why do you think don Corleone wanted his son to become a politician? “A lawyer with his briefcase can steal more than 1000 men with guns.”

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bsquare111
bsquare111
1 year ago
Reply to  jamessko

I just checked this out. It’s appears that it is no longer legal for congress to “inside trade.”
https://www.npr.org/sections/itsallpolitics/2013/04/16/177496734/how-congress-quietly-overhauled-its-insider-trading-law

jamessko
jamessko
1 year ago
Reply to  bsquare111

bsquare: thanks for the update on this. it’s a great improvement over the previous state of affairs, but i still side with mark twain when he said “there is no distinctly american criminal class save congress.”