10/05/2014 – Gold

Issued: 09/23/2014

Dec. gold:

1. In yesterday’s (Mon., Sept. 22) Williams edge live meeting it was noted that continued daily and especially a weekly close above $1214 in Dec. gold would initiate an advance and test/attempt at $1249/$50 into next week (week of Sept. 29).

2. Yesterday’s (Mon., Sept. 22) Dec. gold session closed at $1215.40 (slightly above $1214.00) prompting today’s gold session rally to $1237.00, so far.

3. From this point forward, any further test and daily close above either $1234.00 or $1236.00 in Dec. gold will prompt new long entry for the completion of the above noted $1249/$50 upside target (or higher).

4. For trading purposes, once the above confirms our initial long position exit will be taken at/near $1245.00, then at/near $1248.00, and any final position held for the possibility of higher prices to be messaged in a subsequent update.

5. Will message any alternate long entry prior to any daily close above $1234/$36 noted above) if the market confirms. Will update.

David Williams

Issued: 09/30/2014

Dec. gold:

1. Today’s (Tues., Sept. 30) Dec. gold session broke below the critical $1216/$14 level (noted in previous reports) and will likely close the day below those levels. Such a daily close (and especially a weekly close) below $1216/$14 will be the earliest indication for substantially lower prices into Oct. 2014.

2. These lower price targets include $1160/$57, $1135, then $1107/$05 (or lower). Will message any new entry based upon the above as the market continues to confirm.

David Williams

Issued: 10/05/2014

Dec. gold:

1. In Friday’s (Oct. 3) William‘s edge live meeting it was noted that gold (then trading at approx. $1195) should be sold short for a tradable decline to at/near $1182/$80 into the week of Oct. 6.

2. Today’s (Sun., Oct. 5) Globex session completed the majority of the forecast decline, making a session low of $1183.30, so far. Traders short from Friday’s $1195 short entry likely exited a portion of their position during today’s near completion of the $1182/$80 downside target. Lower prices remain expected overall.

3. Our protective buy stop should be lowered to $1198.00. This stop will be moved lower as the market continues to confirm.

David Williams

Issued: 10/06/2014

Dec. gold:

1. In Friday’s (Oct. 3) William‘s edge live meeting it was noted that gold (then trading at approx. $1195) should be sold short for a tradable decline to at/near $1182/$80 into the week of Oct. 6.

2. Traders short from Friday’s $1195 short entry likely exited a portion of their position during today’s near completion of the $1182/$80 downside target.

3. However, today’s Dec. gold triggered our recently adjusted $1198.00 protective buy stop, resulting in a successful trade. Will message any further entry or indication in Dec. gold.

David Williams