So, I'm working on the Broadstreet Mittens right now and the pattern is giving me fits. I don't know if I'm just stupid or if it's just not written clearly or what.

It's the thumb gusset increase section that has been giving me a pain in my butt.

It reads:

Next row: k to the second-to-last st on the second needle.
P second-to-last stitch.
Do a twisted make-one (pick up the yarn between two stitches, twist it a half turn, place on left needle, then knit it), k to end of row.
[On all following rows until gusset is complete, purl the purled stitch to mark the point for the gusset increases.]
Next row: work even.
Repeat these two rows - increasing one stitch after the purled stitch using a twisted make-one every other round - until you've added 12 stitches.
Finish with a k-even round.

Place these added stitches along with the purled stitch and the stitch at the end of the needle [14 stitches in all from the second needle] onto a holder, and co 11 stitches.
K the last cast-on stitch together with the first stitch on the third needle. [This prevents a gap from forming between the second and third needles.]
K 1 row even.

***

OK, so when I finish the increases with a k-even round, then move the 14 specified stitches to a holder, my working yarn is at the beginning of N1, but it sounds as if I should be casting on the stitches at the end of N2.

Am I dumb?