You should pay close heed to today’s analysis of December Gold, since I was serious about monitoring the December contracts’ vital signs closely at these levels. The chart alongside shows a corrective pattern that I discussed in the tout, clarifying some salient details.
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Rick Ackerman is the editor of Rick’s Picks and a partner in 
December Gold Looks Set for Another Leap
by Rick Ackerman on November 10, 2009 1:09 am GMT · 5 comments
December Gold’s overnight surge yesterday brought it to within two ticks of an 1111.90 target we’d been using to keep us properly bullish for the last $55 or so of the rally. Where to next? We’ll give you our best guess in a moment, but let us caution that we treat every top on the hourly chart as potentially important, since one can never can tell whether the correction that ensues will be the one that leaves bulls distraught, confused and gasping for breath. Actually, you often can tell, if you are patient enough to monitor price action on the lesser charts diligently. The logic of this is straightforward, since it is impossible for the major trend to change without signaling it first on the lesser » Read the full article