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.
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Rick Ackerman is the editor of Rick’s Picks and a partner in 
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