Although the futures failed for a second consecutive day to pick up the pace, they at least held their ground. But we can’t ignore the fact that the rally spike that occurred around 8:30 a.m. yesterday failed to impulse by exceeding the look-to-the-left peak at 794.00 recorded on September 9 (see inset). This means there is incipient weakness festering, or that Gold simply needs more time to consolidate the rally off last Thursday’s 739.80 bottom. We’ll reserve judgment until we see minor thrusts in either direction start to take out two prior highs or lows without a pause. _______ UPDATE: Amen, brothers and sisters! This could wind up being Gold’s first hundred dollar day in a generation.