Until the other day, we'd been missing our friend Karim in the Rick's Picks chat room ' not only because he's a seasoned institutional trader who is comfortable with 'size,' but because he was always a calming presence in the room. This was especially true on days when quotes for precious metals were swooning. Who better to advise, comfort and console than a trader positioned to benefit from sharp declines in the prices of bullion? Karim kept philosophical company with some of the other precious-metal bulls who frequent the room, including Andy and Nutcase, trading pros who have been building positions for so long that, to them, each new selloff in gold and silver is like manna from heaven. I mention all this because, with crude and precious metals falling out of bed the other day, Karim turned up after a long absence to take a well-earned bow. Gold and silver were crashing through support on their way to dreadful losses when someone in the room remarked that this was the kind of day Karim might be enjoying ' assuming he'd stuck with his positions when they went heavily against him in July. Lo, as if he'd been waiting in the wings, Karim ventured forth with a howdya do. Given the timing, we initially thought it was an impostor using Karim's name. But a check of the log revealed that it was indeed our old friend. For the Record With at least 30 traders and lurkers in the room, he went on record with a prediction that stocks, metals and crude are headed lower, bonds higher. This sounds about right to us, although we prefer to take our forecasts one Hidden Pivot target at a time. For that reason, we regard Gold's low yesterday at 808.60 as potentially important, since
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