The broad averages and bullion were being driven by news this morning — soft speculation that the latest round of quantitative easing would amount to just a few hundred billion dollars rather than the $1Tr-$2Tr that had been rumored. Gold and Index futures were especially volatile as a result, and we had a ringside seat on the intraday charts to watch the action. This session also provides a good review of Hidden Pivot basics, since the room was packed with scores of observers who were guests of our broker affiliate, PFGBest.