July 29th, 2010
Published Daily
COMMENTARY for Friday

Comex Gold’s Peak a Reason for Caution

by Rick Ackerman on December 4, 2009 4:05 am GMT · 11 comments

Our immediate outlook for gold turned cautious yesterday when the February Comex contract pulled back sharply from within 40 cents of a Hidden Pivot target at 1227.90. The target was reiterated in an analysis that went out Wednesday night, as follows: “Bulls should have been heartened to see gold so resilient on a day when the dollar stood firm. The payoff appears to be coming this evening, with a bullish thrust by the February futures above the day’s range. I still like 1227.90 as a minimum upside target, or perhaps 1230.00 if any higher, but we should turn cautious when that range is reached. It seems likely to show some » Read the full article


This Just In... for Saturday

Norton Buffalo, R.I.P.

by Rick Ackerman on December 5, 2009 4:44 am GMT

Norton Buffalo, one of the great blues and chromatic harp players, died of cancer not long ago. He was a favorite around the Bay Area as well as a favorite of mine.  Here’s a biographical track on YouTube narrated by his frequent musical partner, guitarist Roy Rogers.  Click here  to listen, or paste this URL into your browser:

http://www.youtube.com/watch?v=G14YhwPgza0&feature=related


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