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09/17/2014 – Gold

  • Gold

Issued: 09/16/2014

Dec. gold:

1. Continued daily closes below $1241 in Dec. gold are the weaker position and indicate further decline to $1223/$22 (or lower) late this week (week of Sept. 15)

2. Will message any new entry based upon the above in tomorrow’s (Wed., Sept. 17) session.

David Williams

Issued: 09/17/2014

Dec. gold:

1. Our previous (Tues. Sept. 16) Dec. gold report indicated that any continued failure at $1241 would indicate further decline and test/attempt at $1223/$22 (or lower) into late this week (week of Sept. 15).

2. Today’s Dec. gold repeatedly tested and failed at the critical $1241 level, closing hourly (and larger time frames) below that level.

3. Traders who shorted based upon the above exited the majority of their positions at/near the forecast $1223/$22 downside target. Lower prices remain possible. Will message any further entry as the 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.