The strong surge that ended the week has brought clarity to the very bullish pattern shown. Its 1622.90 rally target will become a good bet to be reached if and when the futures blow past the 1555.90 midpoint Hidden Pivot. This is slightly lower than the target given here earlier, but it can serve for now as a minimum upside objective. How quickly the December contract gets there will depend on how the stock market does, since the chimpanzees who are paid handsomely to throw other people’s money at a tiny universe of institutionally sanctioned stocks can only handle one theme at a time, even with the help of powerful computers. For the foreseeable future, that theme will remain: buy stocks, sell (or ignore) gold and bonds; or, sell stocks, buy gold and bonds.
