01/14/2016 – Gold

Issued: 01/13/2016

February gold:

1. In today’s (Wednesday, January 13) Williams edge futures meeting it was noted that aggressive traders could buy February gold (then trading at approximately $1091) for further advance and possible completion of the original $1116/$18 upside target expected during the week of January 19.

2. If long based upon today’s meeting partial long position exit should be taken at current prices (current price $1094.50).

3. A protective sell stop should be placed at $1083. This stop will be moved higher as the market continues to confirm. Will update.

David Williams

Issued: 01/14/2016

February gold:

1. Our Wednesday, January 13 Williams edge futures meeting it was noted that aggressive traders could buy February gold (then trading at approximately $1091) for further advance and possible completion of the $1115/$18 upside target expected during the week of January 19.

2. Partial long position exits were taken at $1094.50.

3. However, today (Thursday, January 14) our protective sell stop was hit at $1083. This resulted in an approximate five-point loss on the remainder of the position. Will message any further entry or indication in February gold.

David Williams