09/09/2014 – Gold
Dec. gold:
1. Our Tues., Sept. 2 report forecast further decline in Dec. gold and a test/attempt at $1249/$47.
2. In Monday’s (Sept. 8) Williams edge live meeting it was noted that traders could sell short Dec. gold (at the then current price of $1257) for the expected completion of $1249/$47.
3. Today’s Dec. gold completed the $1249/$47 downside target (today’s session low, $1248.10, so far).
4. As noted in the meeting, a small remaining position could be held for the possibility of a break of $1247 which could indicate substantially lower prices coming. Will message any further entry or indication for Dec. gold.
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.