11/09/2014 – Gold
- November 9, 2014
- Gold
Dec. gold:
1. In Friday’s Nov. 8 Williams edge live meeting it was noted that gold would be an outright buy upon any touch and daily close above $1168 for advance to $1179/$80.
2. In Friday’s session gold advanced easily through the $1168 level and completed the forecast $1179/$80 upside target (Friday’s session high, $1179.00).
3. Although the completion of $1179/$80 occurred prior to Friday’s daily close (making new long entry less likely), its completion is important and may prompt further entry in a subsequent 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.