The Gold Bugs Index appears to be on the threshold of a bullish breakout on the weekly chart, and so I’ve provided specific benchmarks in today’s tout that provide some key details omitted from my commentary.
COMMENTARY for Wednesday
TODAY'S ACTION for Wednesday
Rick's Picks for Wednesday
Let me add some technical heft to the observation in today's commentary that the Gold Bugs Index looks ready to break out. Specifically, HUI appears bound for a Hidden Pivot target at _____ that lies just above a key September peak. The implication is that we are about to see the creation of the third bullish impulse leg of weekly...
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The futures have bounced from a low that fell 1.25 points shy of a ____ midpoint support, hinting that bulls will be in charge in the early going Wednesday. The support will remain viable ...
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We're trying to spread off four September 10 calls we hold with a cost basis of 0.69, but so far no buyers have taken the bait. Perhaps if we raise the price it will change our luck: Offer four June 10 calls short for 0.70, good till canceled. We are not simply getting greedier...
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Goldman has come within 44 cents of a key peak at 142.00 recorded early last October on the way down. If that number were to be surpassed by even a penny, it would create a fresh bullish ...
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I'll reiterate a potentially important target posted the other day in the chat room: _____. That's a Hidden Pivot, and it is derived from the coordinates shown in the chart. The pattern has several alternative starting points that ...
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Rick Ackerman is the editor of Rick’s Picks and a partner in 
NYC Gold Expo Blissfully Subdued
by Rick Ackerman on May 13, 2009 12:01 am GMT · 12 comments
The scene at the Hard Assets Investment Conference in New York City looks pretty subdued this year — an encouraging sign, since it will be time to exit precious metals when this annual event reaches the frothy stage. For now, though, frothy it is not. I’m told that there are only half as many exhibitors this year as last, continuing a pattern of decline that began a couple of years ago (when, need I remind you, gold quotes were nearly 40 percent lower). Mining and energy companies with booths at the show were oh-so-eager to » Read the full article