Gold has once again fallen into a rut, dropping moderately for three consecutive days. This has occurred with the December contract having failed by $8 to achieve a $1254.10 rally target I'd flagged. The futures have since made a tentative bottom 0.60 above the $1212.80 correction target where I'd suggested bottom-fishing. We narrowly missed catching the $5.40 rally that ensued, but will it get legs? I doubt it. Even so, before we get too depressed, consider today's chart (inset), which is quit