March 13th, 2010
Published Daily
COMMENTARY for Tuesday

Gold Can Impale Bears with a Leap Past $1174

by Rick Ackerman on November 24, 2009 3:35 am GMT · 1 comment

Having waited patiently since May for Comex Gold to reach an important target at 1174.90, we are naturally interested in what comes next, since the December contract peaked yesterday at exactly 1174.00.  We say “peaked,” and while this is technically correct because a $16 selloff has ensued so far, that’s hardly enough pain to have sent gold bulls into fits of panic or despair. In fact, the selloff looks and feels like little more than a minor flutter in a bull market that presumably has much farther to go.  Even so, we shall treat » Read the full article


TODAY'S ACTION for Tuesday

Bullion Correction Stops Short

by Rick Ackerman on November 24, 2009 5:16 am GMT · 0 comments

Both gold and silver have rallied moderately this evening after failing to reach ‘d’ corrective targets, so the short-term outlook is bullish. I’ve provided a roundabout entry strategy in Silver that night owls can use, and you can see what it looks like graphically by clicking on the chart inset.


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

GCZ09 – Comex December Gold (Last:1163.800)

by Rick Ackerman on November 24, 2009 4:27 am GMT

 Member-only content. Please Login or get a free trial of Rick's Picks to view.

ESZ09 – E-Mini S&P (Last:1101.75)

by Rick Ackerman on November 24, 2009 4:47 am GMT

 Member-only content. Please Login or get a free trial of Rick's Picks to view.

SIZ09 – Comex December Silver (Last:18.620)

by Rick Ackerman on November 24, 2009 5:01 am GMT

 Member-only content. Please Login or get a free trial of Rick's Picks to view.

DXY – NYBOT Dollar Index (Last:75.17)

by Rick Ackerman on November 24, 2009 5:12 am GMT

 Member-only content. Please Login or get a free trial of Rick's Picks to view.

DIA – Diamonds (Last:104.48)

by Rick Ackerman on November 24, 2009 9:34 am GMT

 Member-only content. Please Login or get a free trial of Rick's Picks to view.