01/11/2016 – Gold
February gold:
1. Since Friday, January 8 in our Williams edge live meeting it was noted that February gold was expected to decline to $1096 into Monday, January 11 and further test $1089/$88 into Tuesday, January 12.
2. Subsequently, February gold declined to $1096 on Monday, January 11 (session low, $1095.60) and continued that decline into today (Tuesday, January 12) completing the $1089/$88 downside target and lower (today’s session low, $1083.10, so far).
3. Continue daily closes above $1083/$82 are necessary in order to keep the longer-term uptrend viable. Will update as the market continues to confirm.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.