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