Issued: 10/14/2015
December gold:
1. Since Sept. 29 and earlier in our Williams edge meetings we noted that $1110/$07 (and later higher levels) were expected to be buying territory for a longer-term advance to $1185/$90 expected into November 2015. The advance began and partial long position exits were taken at were $1145 then $1168.60.
2. Today’s (Wednesday, October 14) December gold contract completed the $1185/$90 upside target (today’s session high, $1189.4, so far). This represents a gain of as much as $7000 plus per contract, resulting in a successful trade. Aggressive may continue to hold any remaining position for the possibility of higher prices. Will message any further entry or indication in December gold.
David Williams
Issued: 10/06/2015
December gold:
1. In concert with our previous October 2 December gold report/forecast, in our Friday, October 2 Williams edge live meeting it was noted that new long entry in December gold should be taken upon any pullback to $1130/$29.
2. Subsequently, December gold pulled back on Monday, October 5 to a low of $1129.60, allowing for the above-noted new long entry.
3. Partial long position exit should be taken now at current prices (current price $1144). Substantially higher prices remain possible into November, as noted in the original October 2 update.
4. A protective sell stop should be placed at $1127.00. This stop will be moved higher as the market continues to confirm.
David Williams
Issued: 10/01/2015
December gold:
1. As noted in Wednesday’s (September 30) Williams edge live meeting, the next important daily market bottom in December gold is October 1 (+/-1 day). Continued daily closes above $1110/$07 are the stronger position during this timeframe and will likely prompt new long entry in December gold. Will update as the market continues to confirm.
David Williams
Issued: 10/02/2015
December gold:
1. As noted in our Wednesday’s (September 30) and subsequent Williams edge live meetings, the next important daily market bottom in December gold was October 1 (+/-1 day). Continued daily closes above $1110/$07 were the stronger position during this timeframe and would likely prompt new long entry in December gold.
2. Both Wednesday, September 30 and Thursday, October 1 tested the $1110 level and closed the each day above $1110/$07, followed by today (Friday, October 2) testing $1110/$07 (today’s session low, $1103.80) before reversing powerfully and confirming the bottom.
3. Traders long based upon the above should exit partial long positions at current prices (current price, $1139). Substantially higher prices remain possible into November 2015 as noted in our previous meetings, including $1185/$90.
4. A protective sell stop should be placed at $1118. The stop will be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 10/12/2015
December gold:
1. We remain long December gold based on earlier reports. On Monday, October 5 we noted that the next 2 important price targets on the upside were $1145 then $1154. Both these targets have now been completed.
2. Friday’s (October 09) session closed above the $1154 upside target (Friday’s October 9 daily close, $1155.60) indicating higher prices coming.
3. Today’s (Monday, October 12) December gold advanced further making a session high of $1168.60, so far. This is further profit-taking territory before the expected completion of higher prices into November 2015, including a test/attempt at $1185/$90 (or higher). Will update.
David Williams
Issued: 10/07/2015
December gold:
1. We remain long December gold based on earlier reports. On Monday, October 5 we noted that the next 2 important price targets on the upside were $1145 then $1154.
2. The $1145 upside target was reached on Tuesday, October 6 and today (Wednesday, October 7) the $1154/$55 upside target was reached (today’s session high, $1153.60, so far).
3. The completion of these price targets does not negate our ongoing expectation for higher prices into November 2015, including a test/attempt at $1185/$90 (or higher). Will update.
David Williams