March 11th, 2010
Published Daily
COMMENTARY for Friday

Gold’s Pullback a Gift to Bulls

by Rick Ackerman on October 16, 2009 2:24 am GMT · 14 comments

December Gold has sold off mildly so far after peaking within inches of a 1074.50 rally target drum-rolled here a while ago.  We see little reason for concern, since the futures would need to fall all the way to 983.10 to create room on the daily chart for doubts. Actually, we’d view any pullback into the range 1057 (already achieved) – 1019 as a terrific buying opportunity, since it would take only a $20 booster rally thereafter to set gold in motion toward the next key threshold, 1134. The dollar’s bearish chart would seem to corroborate a bullish outlook for gold. Although mysterious forces caused the Dollar » Read the full article


TODAY'S ACTION for Friday

Sneaky rally in crude?

by Rick Ackerman on October 16, 2009 5:27 am GMT · 0 comments

These are interesting times, for sure. Is the price of crude oil furtively discounting an attack on Iran? If so, it’s cover will be blown above $80 a barrel.  I’ve provided two targets, and it’ll be interesting to see how long the lower one survives.


Rick's Picks for Friday
$ = Actionable Advice + = Open Position
Current  Actionable  Open
All Picks By Issue:

GCZ09 – Comex December Gold (Last:1056.20)

by Rick Ackerman on October 16, 2009 3:03 am GMT

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USZ09 – December T-Bond Futures (Last:118^26)

by Rick Ackerman on October 16, 2009 4:47 am GMT

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DIA – Diamonds (Last:99.74)

by Rick Ackerman on October 16, 2009 5:02 am GMT

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C – Citigroup (Last:4.26)

by Rick Ackerman on October 16, 2009 5:07 am GMT

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CLZ09 – December Crude (Last:79.12)

by Rick Ackerman on October 16, 2009 5:23 am GMT

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GOOG – Google (Last:552.60)

by Rick Ackerman on October 16, 2009 5:55 am GMT

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