Issued: 11/04/2015
December gold:
1. The next important weekly bottom in December gold is for next week (the week of November 9 +/-1 week). This represent a very important period for gold which may prompt new longer-term long entry.
2. While not a forecast for further decline, how gold handles any test of $1092 or slightly higher remains important during that period. Will update as the market continues to confirm.
David Williams
Issued: 11/06/2015
December gold:
1. As noted in our Wednesday, November 4 report, the next important weekly bottom in December gold is for next week (the week of November 9 +/-1 week). This represents an important period for gold which may prompt new longer-term long entry.
2. While not an outright forecast, $1092 was indicated as the important downside target during the week of November 9 (+/-1 week). Today (Friday, November 6) December gold declined sharply and completed the $1092 downside target (today’s session low, $1084.50, so far). This is an important completion and may prompt further entry. Will update
David Williams