Gold Can't Pussyfoot Forever

The Morning Line [Published Sunday, December 17 at 7:30 p.m. EST]( Gold Can't Pussyfoot Forever Most of us had been expecting gold to explode through the $2000 "barrier" and soar into the wild blue yonder. Instead, it spasmed to $2152 for a nanosecond on December 4, then crashed back down below $2000 like an anvil dropped into an elevator shaft. What happened? Gold is most certainly in a bull market, even if the ascent has been leaden and tortuously balky. One might think bull-market psychology would limit the extent to which bullion's price can be manipulated. And it evidently has, judging from the way the last takedown attempt reversed without even getting close to a prior low at 1955. This is despite the fact that gold's price is controlled by white collar criminals who act with the blessings and complicity of regulators and their evil masters in the upper echelons of banking. We suggest that you Google our old friend [Andy Maguire]( if you want to understand exactly how these slimeballs from Wharton, Sloan and Stanford operate. Even their mothers believe they are respectable businessmen. Use the Trendline So when might we expect gold to get off the launching pad with enough firepower to turn the bad guys' pelotas into roasted chestnuts? It is logical to think this will happen when gold has finished consolidating at the $2000 level. However, because it has spent the last year making a muddle of this idea, I'll suggest using the trendline in the chart above to determine when COMEX futures have broken out for a run-up to at least $2500. That implies a consolidation above $2100 rather than at the ponderously symbolic $2000. A second, decisive poke above $2100 this month or next would hasten the process, especially if the futures can settle above the trendline for two or more consecutive weeks. Bulls can afford to be patient, since anyone with half a brain can see that a global financial crisis is brewing that will become a source of urgent demand for gold (and, yes, for dollars). [View Post on the Rick's Picks WebsiteÂ]( Here's How to Jump In... Not sure of the best way to get started? Follow these simple steps to become a consistently profitable trader. Step #1Learn The Basics for FREE! [Impulse Leg Toolkit]( ... [Butterfly Spread Strategy]( [Fundamentals of the Hidden Pivot]( Step #2 Get Rick's Trade Recommendations [Free, Timely Touts]( ... ['Requests' Sessions]( [Free Trial Subscription]( [Select a Subscription Plan]( Step #3Learn to Use the Hidden Pivot System Yourself [Fundamentals]( ['Mechanical' Trade Set-Ups]( [']( Trade Set-Ups]( [The Basics, Plus All Six Trade Set-Ups]( [Start My Subscription]( Copyright © 2019+ Hidden Pivot Enterprises, All rights reserved. Disclaimer - This email is for information purposes only and should not be considered personalized advice or a solicitation to buy or sell any securities.   [Unsubscribe]( Rick's Picks - Hidden Pivot Enterprises PO Box 270646 Louisville, Colorado 80027 United States