Follow us on
Facebook Twitter

09/22/2015 – Gold

  • Gold

Issued: 09/22/2015

December gold:

1. Our previous (Thursday, September 17) December gold report indicated that any failure at $1134/$39 would indicate a multi-day decline and test of $1124/$23 (or slightly lower) into Monday, September 21 (+/-1 day). This was expected to mark an important bottom in December gold for further advance.

2. Today (Tuesday, September 22) December gold completed the decline to $1124/$23 (today’s session low, $1120.50, so far), completing the forecast/trade. As noted originally, this may mark an important bottom of for further substantial advance. Will update.

David Williams

Issued: 09/17/2015

December gold:

1. Higher prices remain possible in December gold. However, failure at $1134/$39 will indicate a multi-day decline and test of $1124/$23 (or slightly lower) into Monday, September 21 (+/-1 day). This is expected to mark an important bottom in December gold for further advance.

2. The above indication will be negated upon any 2 hour or daily close above $1140. Will update.

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.