Reputable sources reported that yesterday’s mini-crash in gold was orchestrated by sellers that included the U.S. Fed, the BIS and the Bank of England. Under the circumstances, with the central banks doing their sleazy best to temporarily overwhelm sharp rallies in bullion, we can’t be too careful initiating trades in gold or in managing position risk once we’re aboard.

Accordingly, today’s Gold tout is accompanied by a chart that shows numerous possibilities and potential camouflage opportunities.  Our objective is to get long, but only at such times as we can pare risk down to a bare minimum, and only when the entry signal meets our criteria precisely. Considering the bullish triangle that has been developing for months on Comex Gold’s daily charts, seizing the opportunity is akin to reaching beneath a guillotine to retrieve a 10 carat diamond.