There were some near-bullseyes in the day’s touts, and so we looked closely at the patterns that had produced them: in the E-Mini S&P, Gold and Silver. A prediction earlier in the week of more tedium was holding, and although bullion futures were having their tradable ups and downs, there was little net movement to suggest a trend. We also found reason for extreme caution if Comex Gold should spike to a marginal new record high, since, for reasons of a long-term Hidden Pivot target, it has the potential to be the Mother of All Bull Traps.
