Godzilla on Tiptoes

Index futures have opened quietly Sunday night, sort of like Godzilla on tiptoes.  For the first time in a month, we’ll be starting the week with no short position in gold.  Although the December contract did not quite reach our 1044.50 target at last week’s lows, it got close enough to warrant covering a short position that had racked theoretical gains of $12,000 per contract.