08/07/2014 – Gold

Issued: 08/08/2014

Dec. gold:

1. Today’s (Friday, Aug. 8) Dec. gold continued on the recent advance from our recent $1287.00 long entry/buying territory (session high, $1324.30) before reversing and hitting our protective sell stop at $1306.00 (session low, $1305.70, so far). This resulted in a successful trade.

2. Today is the next important daily market top in Dec. gold (+/-1 day) which is an important development and may prompt new entry. Will update as the market confirms.

David Williams

Issued: 08/05/2014

Dec. gold:

1. Any further touch and hourly or especially daily close above $1287 (or worst-case, $1283) in Dec. gold will indicate new long entry for quick advance to at/near $1297 initial upside target.

2. Should the market confirm as noted above initial long position exit should be taken at/near $1297. A remaining portion should be held for the possibility of higher prices to be noted in the subsequent update.

3. Initial protective sell stop should be placed at $1282. This stop will be moved higher as the market continues to confirm. Will update.

David Williams

Issued: 08/06/2014

Dec. gold:

1. Today’s (Wed., Aug. 6) Dec. gold attempted the $1287 buying territory noted in yesterday’s (Tuesday, Aug. 5) gold report (today’s session low, $1288.50).

2. Although the market did not quite reach $1287, we are aware of several clients who are long from slightly higher prices (than $1287) based on yesterday’s report.

3. Initial long position exits were taken at/near $1297 as noted in the report. Further long position exit should be taken at current prices (current price $1307).

4. The protective sell stop has been raised to $1296. This stop will continue to be moved higher as the market continues to confirm. Will update.

David Williams

Issued: 08/06/2014

Dec. gold:

1. Today’s (Wed. Aug. 6) Dec. gold continued on the advance off the $1287 buying territory noted in yesterday’s (Tuesday, Aug. 5) gold report (today’s session high, $1311).

2. Our remaining 1/3 long position (based upon the above) remains active and will be messaged through to completion.

3. Our protective sell stop has been raised to $1300. This stop will continue to be moved higher as the market continues to confirm

David Williams

Issued: 08/07/2014

Dec. gold:

1. Our remaining 1/3 long position in Dec. gold (based upon our Tuesday, Aug. 5 report and $1287 buying territory) remains active. Today’s Dec. gold session closed at $1314.

2. The next important daily top is tomorrow, Friday, Aug. 8 (+/-1 day). Therefore, the market is nearing a critical juncture on the upside.

3. Our protective sell stop has been raised to $1306. This stop will continue to be moved higher as the market continues to confirm.

David Williams