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10/30/2014 – Gold

  • Gold

Issued: 10/31/2014

Dec. gold:

1. (Yesterday’s (Thurs., Oct. 30) Dec. gold update indicated that the forecast wide-open break in gold was expected to continue from the then current price of approximately $1200 down to $1189/$88 (or lower) prior to the ending of the forecast decline.

2. Today’s Dec. gold completed the $1189/$88 downside target and continued lower to $1160.50, producing a near 60 point break from $1219.00 original starting point. This is an important development. Will message any further entry or indication in Dec. gold.

David Williams

Issued: 10/30/2014

Dec. gold:

1. Today’s break below the critical $1219 level resulted in the forecast wide-open break to the downside, noted in previous reports.

2. The current decline is expected to test/attempt $1189/$88 (or lower) prior to its ending. New entry will be messaged in tomorrow’s (Fri., Oct. 31) session 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.