GCZ12 – December Gold (Last:1763.40)

Gold was getting mildly pounded Sunday night — manifestly for no good reason, since, as we all know, every central bank in the world is now synchronously complicit in an open-ended monetary blowout. Tonight’s so-far $15 shakedown is not yet bearishly impulsive on the hourly chart, but we should let nature take its course before we go bargain hunting.  For a hypothetical suggestion as to how we might do so using Hidden Pivots, check out the accompanying chart.  You can learn to “camouflage trade” yourself.  Click here for a free trial to Rick’s Picks.