05/14/2014 – Gold

Issued: 05/12/2014

June gold:

1. June gold continues to trade above the $1284 closing support noted in recent gold updates.

2. Any further test of and hourly or especially daily close above $1289/$91 in Tuesday’s (May 13) session is important and will prompt new long entry.

3. Should new long entry noted above occur, initial long position exit should be taken at/near $1297.00. Further exit should be taken at/near $1305/$07. Will message any final exit in a subsequent update.

4. A protective sell stop should be placed at $1283.00. This stop will be moved higher as the market continues to confirm.

David Williams

Issued: 05/13/2014

June gold:

1. Today’s June gold declined and tested the $1291/$89 downside target and buying territory noted in yesterday’s (Monday, May 12) update (today’s session low, $1289.10, so far).

2. As noted in the report, initial long position exit was indicated at/near $1297 (today’s session high, $1296.70, so far). The next important upside profit target is at/near $1305/$07, also noted in the previous report.

3. Our protective sell stop remains at $1283.00. This stop will be moved higher as the market continues to confirm. Will update.

David Williams

Issued: 05/13/2014

June gold:

1. June gold continues to advance off the earlier noted $1891/$89 buying territory.

2. Raise your protective sell stop to $1287.00. This stop will continue to be moved higher as the market continues to confirm.

David Williams

Issued: 05/14/2014

June gold:

1. Today’s June gold continued on the recent forecast advance from the recent $1891/$89 buying territory and completed the second upside profit target at $1305/$07 (today’s session high, $1309.20, so far).

2. Final long position exit will be messaged in a subsequent update.

3. Our protective sell stop has been raised to $1296. This stop will continue to be moved higher as the market confirms.

David Williams

Issued: 05/14/2014

June gold:

1. Today’s June gold continued on the recent forecast advance from the $1891/$89 buying territory and completed the second upside profit target at $1305/$07 (today’s session high, $1309.20).

2. Any daily close above $1310 prior to Monday, May 19 (+1 day) is the stronger position and indicates continued advance to at/near $1321, then at/near $1330, or higher. Either of those levels ($1321, $1330) can be used for final long position exit upon a daily close above $1310.

3. Daily closes below $1310 are the weaker position prior to Monday, May 19 (+1 day).

4. Our protective sell stop was recently raised to $1296. This stop will continue to be moved higher as the market confirms.

David Williams

Issued: 05/15/2014

June gold:

1. Yesterday’s (Wed., May 15) June gold closed below the $1310 level (yesterday’s close, $1305.50) which is the weaker position as noted in our previous update.

2. Today’s June gold declined and triggered our recently adjusted protective sell stop at $1296, which successfully completes our original long trade from $1291/$89. Will message any further entry or indication as the market confirms

David Williams