Today’s tout for December Gold looks at the big picture, with particular attention to two extremely important price levels not far below. My hunch is that a test of higher threshold — multiple lows near 1180 that stretch back to June 2013 — is inevitable.  I’d also say that odds of a successful test are poor.  However, and as I have tried to make clear in the tout, this would not necessarily spell yet more years in purgatory for bulls. Check out the chart accompanying the tout for a quick summary of what needs to happen to catapult Comex futures into a rejuvenated new bull market. (And if you don’t subscribe, click here for a free trial that will allow you to access this material, along with the chat room and all other Rick’s Picks features.)