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09/16/2015 – Gold

  • Gold

Issued: 09/14/2015

December gold:

1. Our previous December gold report indicated that the next important daily bottom in December gold was expected on Thursday, September 10 (+/-1 day). An important tradable multi-day advance of 26 points (or more) was expected off this bottom.

2. While no action has been taken as yet on the above indication, a test/attempt at $1116/$18 (or higher) is the normal position for December gold into Wednesday, September 16 (+/-1 day). Further confirmation of this advance may prompt new long entry in tomorrow’s (Tuesday, September 15) session. Will update.

David Williams

Issued: 09/16/2015

December gold:

1. Our previous December gold report indicated that the next important daily bottom in December gold was expected on Thursday, September 10 (+/-1 day). An important tradable multi-day advance of 26 points (or more) was expected off this bottom.

2. Subsequently, December gold bottomed on Friday, September 11 which prompted our indication that a test/attempt at $1116/$18 (or higher) was expected into today, Wednesday, September 16 (+/-1 day).

3. While no official long entry had yet been messaged, self-directed traders now long December gold based upon this indication should exit a portion of their long positions at current prices (current price $1112.50). Any remaining long position should be held for the original target at/near $1116/$18. Will update.

David Williams

Issued: 09/16/2015

December gold:

1. Our previous Monday, September 14 December gold report indicated that the next important daily bottom in December gold was expected on Thursday, September 10 (+/-1 day). An important tradable multi-day advance of 26 points (or more) was expected off this bottom.

2. Subsequently, December gold bottomed on Friday, September 11 which prompted our indication that a test/attempt at $1116/$18 (or higher) was expected into today, Wednesday, September 16 (+/-1 day).

3. Today, Wednesday, September 16 December gold completed the $1116/$18 upside target, completing the forecast. Self-directed traders should have exited a further portion of their long position at these levels. Higher prices remain likely. Will update as the market continues to confirm.

David Williams

Issued: 09/07/2015

December gold:

1. The next important daily bottom in December gold is expected on Thursday, September 10 (+/-1 day). An important tradable multi-day advance of 26 points (or more) is expected off this bottom. No action is being taken on this information as yet. Will update as the market continues to confirm.

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.