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.
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Gold and other topics are covered in a 10-minute radio interview I did recently with Al Korelin. Here’s the link.
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Rick Ackerman is the editor of Rick’s Picks and a partner in 
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