Now that’s more like it:  Gold way up, stocks way down! Felt right as rain, didn’t it? And to make things even sweeter, we had both sides of the trade nailed, naked-shorting Diamond January 130 calls on Monday’s close (as announced in the Rick’s Picks chat room in real time), then jumping on Comex Gold futures that same night, just before they really took off. Here’s the advice that went out Monday night with February Gold futures trading around $860: 

“We'd back up the truck to buy a print down at 851.90, a compelling Hidden Pivot support, but the futures are not likely to be so accommodating. In fact, they've been building a bullish flag for a presumptive run-up to 902.10 -- a target first broached here a while back -- giving up precious little ground in the process. It will be risky to try and call the breakout from a consolidation pattern that has now gone on for several days, but my hunch is that a print at 869.10 would do the trick. It looks like it would be subtle enough to allow one to get aboard with a buy-stop and not have to fear the kind of whiplash likely to follow the inevitable push above 871.80.”

As for what ensued, all went pretty much according to plan -- right down to the un-buyable surge that kicked in when the futures first encountered open sky above 871.80. Here’s a chart that show it all:

(Click on chart to enlarge)