GCZ09 – Comex December Gold (Last:998.00)

With the G-20 meeting coming up in Pittsburgh at month’s end, a breakout by gold above $1000 right now would be about as welcome as an elephant stampede at a garden party. It should therefore be an interesting month, assuming the central-bank conspiracy to suppress gold prices is operating at full strength in the weeks ahead.  I’ll stick with the 1074.50 minimum upside target nonetheless, but I’m making no guarantees above that Hidden Pivot.