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11/05/2015 – Gold

  • Gold

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

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.