A Hidden Pivot at 1272.60 is still our minimum upside objective for the near term — and, yes, it is frustrating that Gold, unlike stocks,  is not moving effortlessly higher every night on short-covering into non-existent volume. Still, which would you rather own:  shares or bullion?  That’s what I thought.  Please note that if 1272.60 falls easily — meaning, is exceeded by $1.00 or more within 15-20 minutes of first being touched — expect more upside thereafter to at least 1293.50.