Author/Editor
Jim Rickards
Publisher
Agora Financial
Description
“Entry level” newsletter for Jim Rickards, recommends trades based on his big-picture economic forecasting.
Overall Rating
Rating: 2.4/5. From 87 votes.
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2.4
Rating from 400 votes
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Investment Performance
Rating from 116 votes
Rating: 2.0/5. From 116 votes.
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Quality Of Writing/Analysis
Rating from 96 votes
Rating: 3.1/5. From 96 votes.
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Value For Price
Rating from 101 votes
Rating: 2.1/5. From 101 votes.
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- 3 Stars 15 Votes
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Customer Service
Rating from 87 votes
Rating: 2.4/5. From 87 votes.
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Am listening to the latest spiel for Project Prophecy. Somehow, I ended up with a subscription to almost ALL the services they offer but I don’t remember ever paying for it and can’t find any record of having done so. Weird, but I’ll take it for what it’s worth. Unfortunately, it doesn’t seem to be worth much! I’ve just gone in and looked at the current portfolio and almost ALL the positions are down BIG. About half of the closed positions show nice gains and about half show big losses. The hype is so good in the spiel that I’m wondering if there is some other service that he’s really talking about that is only available to people who’ve actually paid for their work. I’ve always been very confused as to why I’m receiving their stuff since I never ordered it so am wondering if there’s something behind the scene that I’ve failed to observe or comprehend. Any enlightenment would be appreciated!
warrenator or Member 18. I am a paid-up “lifetime” member of Strategic Intelligence and as a lifetime member, have been given access to Project Prophecy for at least one year. I can assure you that that you see the same results as I see–specifically, almost ALL the positions are down BIG. Rickards seems intelligent, is a good orator and salesman, but his investing acumen is terrible. You saw what I saw, and it saved me from investing in his recommendations.
Have been a member of this service for two years and can say that I have lost more money following Rickards recommendations than I have with any other service over my 20 years as an investor. He might be all the things he purports to be – a world advisor to governments – but he is an awful stock picker and forecaster. This will be the very last advisory I ever purchase. A monkey could do better, tossing darts at a financial stock page.
The first recommendation I saw was for a ETF for regional banks. I thought it was a joke. It went down after the recommendation. Yeah, I don’t need his help.
I paper traded Rickards’s recommendations for 6 months. Total approx 150% loss.His Baysean/complex systems model seems fine in theory, but is virtually meaningless in real markets. Agora provides no track record. You can always use Baysean adaptation theory given real changes in variables, but for Rickards it is mostly a cop out.
I have been a supporter of Jim Rickard for a while as he is undeniably smart. Although I am now questioning how successful and honest Bill Bonner and himself are. The trades on Strategic Intelligence since inception are overall loosing money or at best a wash. Also recently I subscribed to Jim Rickard’s Project Prophesy based on insider’s suspicious trading which is a good idea. The sale pitch presents 15 to 20 option trades with high returns on a short number of days. Upon accessing the subscription you can realize that those trades were never placed and were only back tested and that in between the open/closed trades there is 17 losing trades and 11 winning trades for an overall huge loss. Nobody can trade that and of course the customer service sticks to the non-refundable claim despite the flagrant misrepresentation.
The Rickards view is always interesting and fun mind candy. Literate, if not well researched. Agora has had a history of sloppiness, pump & dump, terrible recommendations and generally deceitful practices.
Their actionable items are utter hogwash(see Italian suggestions) and it was only through good luck that I recaptured my investments in his newsletters, yes $79 and $2000 for which I should have been committed.
The man and his colleagues are toxic.
Just another person who lost substantial money on the silver and gold miner picks through the Jim Rickards recommendations. The one thing I am curious about however is this;
Is there an official agreement between BRICS countries, specifically between Russia and China to trade outside of the swift system and peg their currencies to the Gold?
At the recent G20 meeting in Brisbane Australia, It was decided that the G20 members would implement a Gold Based standard for deriving each country’s money value. In other words reinstate a Gold based world monetary system.
The last G20 meeting in Brisbane was in 2014. I don’t know whether they had any meetings focused on gold, but they certainly didn’t agree to implement a new gold standard.
Several stock advisors are flogging ownership of physical gold in advance of (a.) a “debt jubilee”, (b.) “Modern Monetary Theory” which pushes the relentless printing of money to support the relentless expenditure of same (i.e “socialism”), (c.) the implosion of our towering national debt or (d.) the end of the Dollar’s reign as the world’s reserve currency, which would pretty much kill the attractiveness of option “b”. The question was raised about where to store the physical asset, when banks will be collapsing and the ATMs will be empty and consumers will be stabbing each other over the last gallon of milk at Whole Foods. The solution, it seems, is a physical asset depository that’s guaranteed safe, secure, reliable, insured and guarded by dragons, albeit for a fee. And what do you know, but it’s owned by an unimpeachable hit parade of respected business people; the same people who own The Oxford Club, Agora Financial, and about 15 other popular, if somewhat hyperbolic financial publishing firms. Methinks there’s a motive to their madness.
Rickards has been blowing smoke for a long time and believes in being right eventually in some way, like the next recession when it comes. He will write a letter every year until part of his prognostics comes true. I am interested in getting an explanation about his SPECIAL PHONE NUMBER he pitches with special ticker numbers for results like
TICKER BA 180119C240) GAINING $230,020 ON BOEING AND four more stocks with his special tiker number. What is he talking about? Thanks, Ron
Those are options tickers — first numbers are the date (January 19, 2018), then C for call option (gives you the right to buy the stock before that expiration date) and 240 is the strike price at which you can buy. One options contract represents 100 shares, but will be quoted at the per-share price. Options are highly levered to the stock price, so huge gains are possible… but 100% losses are also far more likely than they are with stocks.
Jim Rickards, the name alone makes me doubt all newsletters now and ever in existence. So many thousands invested in the information and the losses which would never be regained. A catastrophe of epic proportions. Do not spend money, if you dare, try to paper trade him. Seems like darts at a board will get you farther. I think this may be how they play their stock picks game…
Customer service is a voice mail box that is useless. They billed my card not once but twice despite repeated attempts to not opt in in the first place. Not only did I dispute the charge but I placed a block from them billing me again. STAY AWAY.
The guy spends half of his newsletter on complaining about the Biden administration; I don’t need his bullshirt on how to analyze what certain actions do. The analysis is no bettter than what you can scour from following Doomberg on substack. A fossil always shilling to upgrade…
Made the mistake of subscribing to this newsletter again with the same results. I was hoping Rickards might have learned something – NOT. He has been going on for months about a stock market crash and last month he tells us he has yet to go short anything. Gee, thanks Jim. He came up with another “great recommendation” a couple months ago, CF INDS HLDGS INC It is down 18.78% as of today, 3.20.2023. Based on his repeated claims of this stock market crash, I have lost tens of thousands of dollars. Steer Clear!
They expect you to listen to very long videos, then they ask for a ridiculous amount of money to get any information. Unfortunately, if you give it to them, it may not be exactly as they promised.