December Gold (890.70)

A Hidden Pivot resistance at 921.60 flagged here earlier can serve to alert us if and when bulls are ready to run. Were the futures to close above it for two consecutive days, they’d become an odds-on shot to reach 1014.70. In the meantime, night owls can try bottom-fishing at 872.10, stop 871.60, if the futures get hit without having first exceeded 889.40. _______ UPDATE: The futures have bounced robustly off an overnight low at 871.20, mocking my 50-cent stop-loss. This would be the second trampoline low in a week that I have caused you to miss because of my habit of showboating with ridiculously small stops. My solution will be to rethink the way in which I formulate touts, and, probably, to allow wider stops in general. _______ FURTHER UPDATE: Some subscribers appear to have done better than I might have imagined with the 872.00 target. I should mention that even my own trading partners tend to widen my stops beyond what I have explicitly suggested. Lately, they have been using stops of at least $2 to trade the swings in Gold.