Countdown to Crisis new program offered by Jim Rickards — ongoing programs: “Strategic Investor”, “Strategic Intelligence”– Paradigm PressI just listened to an hour pitch presentation by Jim of a new program to return “large” gains from the coming gains of the
expected stock market “Crisis”. Jim claims, starting this Wednesday, Mar 16 the FED is expected to announce interest rate
increase (which is probable) and at least 2 additional increases this year. The rate increases will cause selected stocks to large decreases in value
and he has a “proven” method to identify the stocks which will decline and use put options to reap “large” returns.
Any body see his pitch and have comments? Track record of Jim Rickards? My search did not find any information other than his pitch.
Sherman
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Did he give a stock pick at the end of the presentation?
No, he didn’t.
Sorry, I meant not a stock itself but a put option, buy at open XLY June 17th, it’s a pricey $140, and to sell if you are losing , 3 weeks before expiration. Kind of a short waiting period.
Hi Sherman
I’ve saw this pitch too. I read some of his publishing and also his book “The new case for Gold” . I liked the book and ended up following some of his recommendations and I did well.
By the end of the presentation he suggested “buy to open” XLY June 17th, 2022 $140 put option.
A friend of mine also saw the pitch and said me he knows the system Jim mentioned in the pitch that calculated the Bubble Score of the companies.
I’d be interested in sharing Jim’s recommendations if you sign his publication. At this time, I can’t afford the US$ 1,995 for the subscription.
Let’s keep in touch .
“Crisis” seems to be the new attention-grabbing word in teaser headlines and services!
I listened to InvestorPlace’s Tech Crisis 2022 program / pitch today. Their two stock big reveal: WIRE & MAXR. I am unlikely to buy either one, but thought I would share.
Except….the market did not begin to crash at 2pm on 3/16, instead it’s noticeably up the last 2+ days. But I believe that was all a ploy to get you to sign up to his program, as he showed graph after graph of companies that were down the 2007-2008 time period and went way back up.
Yes, it did go up and up until the end of march, and then it started gradually lowering, and yes , it is a ploy, it is a lot more profitable to sell $2,000 programs to the thousands of gullible buyers (I am one) than it is to actually risk any money in the market.
ep clean after guest departure ?
What investment is jim rickards advising?
I bought a lesser-cost ($ 600-ish?) Rickards subscription last year, and I get a once per month email with a few micro-cap moon shots mentioned. Some pharma, some tech, mostly commodities.
Most of the email is dedicated to convince the subscriber to send more money for more information.
He consistently promotes gold. Someday the price of gold will reflect the shrinking dollar.
If you cry Wolf every day, you eventually actually can point to a wolf.
Motley Fool and Oxford Club are better publishers, IMHO.
I am not sending them any more money.
And now he’s back, On Sun June 12, with his “80 % dow drop summit”, once again naming the next= Wednesday 2 pm start of a fall.
Since March 15, DIA / SPY /QQQ had very similar patterns – went up after 2pm doom-time, peaked around
the end of March , fell to less than their Mar 15 value, in the May 12-20 range, had improvements in June, but have fallen to about their same lows as May 20, again now. So things are not in a great place.
Since I started writing this, by chance the feed of his latest pitch has dropped, before I could find out if he has a set of stocks in mind for us to buy if we give him $$$$. Given the stock world didn’t start to end on
March 15, perhaps that’s a good thing.
22.6.12 Just finished listening to the 1995.00, 70+ minute webinar/salespitch. My general impression is that this program might be worth the money if the market does indeed tank on June 15th. But I’m not in a position to risk this much on every 2K program that comes down the pike. I completed a 10 part synopsis of what the program has for this listing, but somehow it got lost with my need to subscribe to this comment thread.
PS-He did have the following trade recommendation: “Buy to open”-the HSBC Sept 16,2022 $29 put option. A buy order should get filled around $1.25. Recommended using a limit order. No updates provided.
Today is Sep 5, 2022. I looked up HSBC Puts Sep 16 29.00. Open interest is 48000 contracts. Last price is 0.20. Bid is 0.15, and ask is 0.25. I am not an option trader, so maybe I have this wrong. But it appears to me that a $125 put purchase in June would now be worth about $20 today. To paraphrase Jim Rickards pitch on my computer screen today, “…and placing a simple bet of $12,500 could be worth $2,000 in just under 3 months.” Hmmm. I will be thinking about that.
June 12th he mentioned HSBC was his free pick to use puts on, though he never mentioned PUTS as a vehicle to profit on the trade. He wanted $1,995 for 2 picks a month. Humm
I did believe him and I ave paid the price for believing him.Don’t.
So, I listened to just part of his recent video about “asset emancipation.” In this, he does correctly reference Biden’s Executive Order 14067 which states, in Section 4, that they’re going to be researching a digital currency. He says investors can profit from the companies that make the digital currencies and he says he has 3 stock picks. I didn’t subscribe though. Does anyone have any ideas about the 3 companies making digital currency that he might be referencing? Thanks.
Interested….just listened to his โAsset Emancipationโ….price today is $49….definetly tolerable…imho
Hello, Laura
The 3 stock picks he referred to are GPN, Adp and pypl.
I just checked and ,5 months later, GPN is down considerably, PYPL is down a lot, and ADP took a dive and can back a little above it’s July prices now.
At the start of the presentation, Rickards says he is going to show us the 4th Horseman pattern, but he never does. What is the pattern? And does anyone know what factors go into his stock bubble score?
The only person who makes any money here is Jim Rickards, that is if he ignores his own advice. He advised a $110 put on Amazon to expire 8/19 Amazon is currently about $135. This is not rare, only about 1 in 4 of his picks end up in the money. The guy is a MAGA nut, a narcissist and megalomaniac. You would do better to burn $2650 and not subscribe to this moron’s service.
I’d agree, sadly- as I’m a subscriber and I agreed with the broad thesis that the market was overpriced and due for a correction. However, the time on these puts are very aggressive and every recommendation seem to be when a stock has been on a recent decline (and thus the puts is overpriced).
This is essentially buying high and then watching your cash disappear as you can’t sell the options meaningfully with time decay. I’ve followed his current calls and my options are down 75%, yes 75%. AMZN, JB Hunt and SBUX were all the recent puts and the days after they were issued on the platform the stocks rose 10-15% and some expire this month, others October. On top of that, I’m receiving daily emails and calls asking for me to up my subscription…lol. If anyone has any questions on my experiences so they can avoid a similar fate, reach out I’m happy to help.
And they recommend buying gold while the fed is still raising interest tates.
Yeah, Jim Rickards is selling the idea to buy gold by promoting his conspiracy that Biden Bucks (CBDC) target to take away freedom from you.
I just watched the video and totally missed the deadline to join then I read your post- I am curious are you still unhappy with your subscription? are you still followiong his advice? hoping things have turned around for you, curious too ๐
Hey- I followed a couple more of the trades he made, and they tanked too. I’m now fully out. Still getting bombarded with calls to renew and his team claim their portolfio is up 20% for th year, but I can tell you every positions right now they have is down ~70%. Honestly, I’m just going to dollar-cost-average across funds and play boring. There is a guarantee on the program to switch to another subscription from another author so I will do that. If you picked the opposite of what Rickards and Amoss state you would actually do well lol!
Thanks for your comment – it was helpful as I was about to get hooked into subscribing to his weekly zoom calls for $39 a month.
I definitely wouldn’t do that. He has good knowledge of current affairs, but application to investing is minimal, or wrong when he applies it (as per my experience). I would say he’d be peddling the $39/month option to help broaden his prospect base to trap people into more expensive services. Update: Open options are now down > 80%, I’ve had more than 5 options with this guy close for a 99%/100% loss
He essentially gave the same presentation in September 2022 , except tried to make it more dramatic by presenting himself as the Death Angel with a message of catastrophe that begins on Wednesday at 2 PM.
Having sat through several of his other presentations this year, where each next period of doom happens to coincide with the next federal raising of the interest rates, it gets very gimmicky very quickly. Plus for all that he marketed this presentation as possibly disturbing and you must sign a disclaimer before watching it, his actual presentation was somewhat calm which diminished its effectiveness.
Ultimately he wants you to give him a discounted $1900 where he will tell you which stocks have a โBubble score under 30โ and therefore you should buy put options on them. After several years of playing in the market I can pretty much figure out myself which stocks I should be shorting and donโt need to give him any money. Given that we havenโt had any stock market Catastrophic Crashes after the previous Fed interest rate adjustments, itโs hard to take him seriously anymoreโฆ If ever.
Iโve never had luck with JR. Mostly gold and/or โThe sky is fallingโ
Don’t forget the paranoid conspiracy theories and nut-job politics
The $1999 is only the beginning of the money you can lose following this guy’s puts.
I watched Jim Rickards “Countdown to Crisis” video started on Sunday, October 30th, 2022 at 7 p.m. EST. The “pattern” that appeared every time before the past major market crash that he is referring to is the Fed rate hikes. Now he is pitching his “Countdown to Crisis” subscription two days before the anticipated FED rate hike (WS consensus +75 bps) to be announced on November 2nd at 2 p.m. EST. Jim Rickards has done the same pitch prior to the past FED rate hikes earlier this year.
I have a grim prospect on market next year, but I don’t think it’s worth subscribing Jim Rickards’ “Countdown to Crisis” for $1,995. At the end of the video, he gave a trade to buy XLY January 20, 2023 $120 puts. XLY closed at $144.96 on October 28. Put option price of that strike at close was around $2.25. It’s far OTM option. That option expires in about two months. Such far OTM options could decay fast if market didn’t move in a pace and timing in the direction that you would expect.
I’d rather buy 2024 or beyond ITM LEAP put options on major indexes when the current bear market rally tops out and when volatility is low and sell monthly OTM puts to collect some credits and lower the cost of LEAPs. That way, you are positioned for the major market drawdown in 2023 or later and have better chance to have once-in-a-lifetime opportunity to win big without timing the market. When the market capitulation happens in 2023 or later, you could have a once-in-a-lifetime opportunity to make money big! You don’t have to hold LEAP puts until they expire. You sell for huge profit when market bottoms when capitulation happens.
Jim Rickards is an attorney who negotiated a bail out of Long-Term Capital with the government. He is a right-wing conspiracy theorist, alarmist and MAGA movement advocate. I subscribed his “Strategic Intelligence” to see what kind of conspiracy he is selling by fear mongering. It turned out that it was the most useless subscription service for any sort of investment that I ever purchased. It’s full of crap.
Spreading an unfounded conspiracy that Biden is going to replace all the US$ with Central Bank Digital Currency, aka CBDC in “two years”, track every transaction and move you make using CDBC as a spyware and confiscate your CBDC at will if you disagree with the government and that the Democrats’ next big target after taking away guns from you is to take away your freedom and turn the US into a complete surveillance nation like China is not only unfounded but also irresponsible to say the lease. What a conspiracy it is! I’m sure that QAnon believers and MAGA mobs would love Jim Rickards’ conspiracy theory. There is no language to replace entire US$ into CBDC in two years in Executive Order 14067. All the developed nations are preparing for CBDC. So as the US.
Jim Rickards wants to sell the idea to buy gold to protect yourself from Biden Bucks (CBDC). I’m bullish on gold for long-term for various other reasons. But there is always a reason why someone is selling certain investment to exploit uninformed audience by selling fear and take profit out of it. So, be careful. Do your own research and make an informed decision.
Thanks for sharing, would you mind stating your recommendation in very very simple terms, I am cost loss harvesting and have 2K to spend (worth the gamble at this point) but have never bought options puts or leaps but agree there is a huge down turn on the horizon…would love to try your strategy since folks think jim’s never pan out
Reading this 12/12/22 after listening to another pitch for this service since Fed announcement in two days. The 120 puts previously recommended are worth about .70 today. I would call that a loss especially since the fed announcement already priced into market as of today.
Are there any attorneys present? I would like to sue this guy for promising scientific options picks and delivering right wing drivel and conspiracies. I never would have bought this crap had I known he was nuts.
Oh joy, itโs Jim Rickards again. And of course letโs energize the swamp with his fabulous career doing something with the CIA. So we are lead the cool-aid thinking this guy has the inside track.
He laces his pitches with doomsday fear so yea please jump in and tell us about his track record.
Iโm really fed up with all these pitchmen telling us how the USA is entering total collapse but while the USA Titanic is sinking by all means pay your money and find out which secret life boat has the gold.
And if these doomsday prophets are so enlightened letโs see their recovery plans.
You get my vote for best review.
Thanks, was just about to get hooked into one of his products – the weekly zoom call for $39 a month. Looks like maybe I should hold off.