09/01/2014 – Gold
Dec. gold:
1. Our recent (Thurs., Aug. 21) Dec. gold update indicated lower prices, including a test/attempt at $1268/$67 prior to the ending of the current decline.
2. Today’s (Tues., September 2) Dec. gold session completed the $1268/$67 downside target (today’s session low, $1265.70, so far).
3. Although the market took longer than usual to complete the $1268/$67 downside target, it’s completion is important and may prompt new entry. Will update as market confirms.
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.