It is Sunday afternoon, a few hours before Gold and Silver futures start to trade. Given the theoretically unlimited scope of RTC II, I would be surprised if Gold has not pushed above $1000 by day’s end. If not, I would simply infer that it’s going to take another day or two before bozo-dom begins to comprehend the implications of what has been announced thus far. (The devil will be in the details, for sure.) From a Hidden Pivot standpoint, the closest rally target in December Gold lies at 908.50. That number comes from the hourly chart, but we should be looking at the monthly to get a clearer idea of what might occur if precious metals really break loose. A target at 1227.30 is shown in the accompanying chart, and its sibling midpoint at 983.60 should therefore be regarded as our minimum upside objective for the near term. If the latter number shows any stopping power, it will serve to corroborate the higher number. A two-day close above 983.60, or an intraday move that exceeds it by at least $3, should therefore be taken as a sign that 1227.30 will indeed be reached. Please note that these numbers may not work out as precisely as we have come to expect because they are taken from a continuous chart. However, they should be close enough to give us a reliable handle on the rally. _______ UPDATE: Gold has opened on extremely subdued trading Sunday evening, suggesting that bozo-dom remains for the moment in the thrall of ignorant mainstream commentary. Even so, I see upside over the next 12-24 hours to the 908.50 pivot identified above. See Intraday Notes for a night owl trade just posted (as of 7:54 p.m. EDT Sunday). _______ UPDATE: The support at 875.30 got obliterated, but there’s another at 866.90 to be tried. Again, a 4-tick stop loss is suggested. If it, too, gets popped, the last two Hidden Pivots in the sequence where we might try bottom-fishing are: 864.60, and 862.80. _______ FURTHER UPDATE 866.20 was the overnight low and the start of a nearly $50 rally, so the four-tick stop-loss I advised would not have worked, having been too tight by three ticks.