March 12th, 2010
Published Daily
COMMENTARY for Thursday

Geithner Unconvincing as Friend of Dollar

by Rick Ackerman on November 12, 2009 3:32 am GMT · 15 comments

The literary critic George Steiner has argued that Germany was unable to produce any great novelists in the post-War period because the German language itself had lost its integrity and vitality in the service of Hitler’s and Goebbels’ nefarious goals.  Is it possible the English language is about to suffer a similar fate, vitiated by the lies our leaders tell to make the nation’s reckless economic policies somehow seem prudent?  Consider U.S. Treasury Secretary Geithner’s declaration concerning a “strong dollar” yesterday during a roundtable discussion in Tokyo for reporters: “I believe deeply that it’s very important for the U.S. and the economic health of the U.S. that we maintain a strong dollar,” said » Read the full article


TODAY'S ACTION for Thursday

The Main Event

by Rick Ackerman on November 12, 2009 4:51 am GMT · 0 comments

Gold has been as high as 1122.20 so far tonight, suggesting we may not have to wait long for a highly-anticipated tussle with 1134.50, an important Hidden Pivot. Bulls will be on thin ice above it, though, since the alternative target at 1174.90 just about maxes out the daily chart.  A breather seems a foregone conclusion.


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

GCZ09 – Comex December Gold (Last:1121.60)

by Rick Ackerman on November 12, 2009 3:54 am GMT

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SIZ09 – Comex December Silver (Last:17.725)

by Rick Ackerman on November 12, 2009 4:07 am GMT

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ESZ09 – E-Mini S&P (Last:1095.75)

by Rick Ackerman on November 12, 2009 4:17 am GMT

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DXZ09 – December Dollar (Last:75.020)

by Rick Ackerman on November 12, 2009 4:30 am GMT

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HUI – Gold Bugs Index (Last:463.81)

by Rick Ackerman on November 12, 2009 4:41 am GMT

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GS – Goldman Sachs (Last:179.99)

by Rick Ackerman on November 12, 2009 5:01 am GMT

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This Just In... for Thursday

The Korelin Report

by Rick Ackerman on November 12, 2009 6:12 pm GMT · 0 comments

Gold and other topics are covered in a 10-minute radio interview I did recently with Al Korelin.  Here’s the link.