I’d said December Gold would be in trouble unless it rallied at least $30 after running stops beneath July’s 1073.70 low. The penetration of that low was a given, and it happened yesterday with an intraday low at 1073.00. The obligatory short-squeeze that followed was only half as strong as I’d stipulated, however — a feeble and discouraging showing.  I am not suggesting throwing in the towel, though — at least not yet. Let’s give bulls another day or two to mount a counterattack. If the attempt should lay an egg, be prepared for another $40 plunge to at least 1044.50.