Comex Gold exploded on Friday for its best single-day gain in months, leaping halfway to a $952.30 rally target we'd disseminated to subscribers the night before. We narrowly missed getting aboard at the overnight low when the March futures dipped fractionally beneath our 852.90 stop-loss just before taking off. Here's the recommendation exactly as it was given: "The futures appear to be wedging for a thrust to as high as 952.30, but first they'll need to beat a midpoint resistance at 876.90 into bloody submission. More immediately, much as I'd love to be able to flag a Hidden Pivot support that could be bottom-fished Thursday night, one at 853.60 that is available at this moment (i.e., 7:13 p.m. EST) is likely to be stale by the time you read this. If not, and it's still viable, an 852.90 stop-loss would be appropriate. A chart alongside shows the target." Since our projection implies that there's still another $50 worth of upside remaining over the near term, we've provided entry instructions for catching the low of a pullback Sunday night, if one occurs. We'll revise the instructions as appropriate once Gold has resumed trading late Sunday afternoon. (If you'd like to have Rick's Picks commentary delivered free each day to your e-mail box, click here.) Decoupling The rally was not only powerful, it appeared oblivious to the histrionics of the dollar and crude oil. Indeed, gold rallied sharply overnight on Friday even though the dollar was quite strong. But when the dollar faded later in the day, bullion went even higher, with the February contract closing just off its intraday peak near 903.80. Crude's rally was more closely in line with gold's, although in percentage terms it was twice as powerful. Is this the beginning of the surge that will finally push
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