Gold has been moving to our Hidden Pivot targets almost to-the-tick. Yesterday's forecast, for one, had called for a rally top at 617.50, and that is precisely where the Comex December contract paused after completing the $17 thrust we'd projected. Where to next? I broached two bullish targets in the chat room whose provenance is shown on a chart reproduced in today's Touts. One of those targets is not far above, and its ability to resist the trend, even if only fleetingly, can tell use whether the futures will soon be headed up to the next. If so, gold bulls have something to cheer about, since the second target is fairly ambitious, implying as it does the biggest bull leg I've forecast in quite a while. (Click on chart to enlarge) Meanwhile, using call options that were acquired at excellent prices, we hold long positions in some gold stocks. In Newmont, we legged into a vertical call spread that has left us effectively with no risk. In fact, we put on the spread for a credit, so that the worst we can do if the stock continues higher is make $30 per spread (less commissions); and the best, make $250/spread. The second position is in Goldcorp, where we established a tracking position based on the following note from a subscriber: 'Picked up 18 Goldcorp November 25 calls on Tuesday morning at around 1.25. Actually bought in before the first hour was completely up but saw that the stock was holding its own. Will you be creating a tracking position on it? Already sold eight at 1.70 (as you have told us before, taking some partial profits early allows one to be less emotional with the leftover.) Whether you decide to track it and offer advice going forward or not, thank
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