Rick's Picks
Thursday April 28, 2006
For investors who'd rather be smart than lucky
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June Gold Staging
For Thrust to $665
I've been looking for an excuse to visit the Big Apple when Central Park is in full bloom this May, and here it is: If June Gold doesn't surge to at least 665.50 by mid-May, look for me in Times Square dancing the hula in a grass skirt. Since a run-up to the target looks like as close to a sure thing as anything I've ever beheld on a 15-minute chart, I may have to come up with another reason to make the trip to Gotham.
The tip-off that new highs are imminent can be found in the cluster of intraday peaks near 638.00, the hidden-pivot soul-mate of the one I've identified at 665.50. The fact that the futures struggled at precisely 638.00 implies that once above it, they'll make a beeline for the higher number. Yesterday was the first time the June contract closed above 638.00, and that's what clinched the projection of a rally to new all-time highs in the weeks ahead.
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Rick Ackerman
April 27, 2006
Information and commentary contained herein comes from sources believed to be reliable, but this cannot be guaranteed. Past performance should not be construed as an indicator of future results, so let the buyer beware. Rick's Picks does not provide investment advice to individuals, nor act as an investment advisor, nor individually advocate the purchase or sale of any security or investment. From time to time, its editor may hold positions in issues referred to in this service, and he may alter or augment them at any time. Investments recommended herein should be made only after consulting with your investment advisor, and only after reviewing the prospectus or financial statements of the company. Rick's Picks reserves the right to use e-mail endorsements and/or profit claims from its subscribers for marketing purposes. All names will be kept anonymous and only subscribers' initials will be used unless express written permission has been granted to the contrary. All Contents © 2004, Rick Ackerman. All Rights Reserved. www.rickackerman.com
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