12/26/2014 – Gold

Issued: 12/26/2014

February gold:

1. Today’s (Fri., Dec. 26) February gold session advanced and triggered our remaining since $1185.50 1/3 short position buy stop. This resulted in a successful trade. Will message any further entry or indication in February gold.

David Williams

Issued: 12/22/2014

Feb. gold:

1. Our previous (Thurs., Dec. 18) Feb. gold report indicated an advance and test/attempt at $1207/$08 expected into Mon., Dec. 22 (+/-1 day).

2. Today’s session attempted higher prices but was unable to reach $1207/$08 (today’s session high, $1203.60, so far).

3. The possibility of a failure to reach $1207/$08 was anticipated in the original report with our placement of a sell stop/new short position at $1178.90. This stop remains active. Today’s session low has been $1179.20, so far.

4. Once short an initial exit should be taken at/near $1172/$70 and any remaining position held for lower prices to be messaged in a subsequent update.

5. A protective sell stop should be placed at $1192. This stop will quickly be moved lower as the market continues to confirm. Will update.

David Williams

Issued: 12/22/2014

Feb. gold:

1. Today’s Feb. gold triggered our $1178.90 sell stop/new short position and completed the $1172/$70 initial downside profit target noted in previous updates (today’s session low, $1170.70, so far).

2. Our protective sell stop has been lowered to $1185.50. This stop will continue to be lowered as the market continues to confirm. Will update.

David Williams

Issued: 12/22/2014

Feb. gold:

1. Today (Mon., Dec. 22) Feb. gold triggered our $1178.90 sell stop/new short position and completed the $1172/$70 initial downside profit target noted in previous updates (today’s session low, $1170.70, so far). Approximately 1/3 of our short position was exited at those prices ($1172/$70).

2. The majority of our remaining Feb. gold short position should be exited now at current prices during today’s Globex session (current price, $1176).

3. Any remaining short position should be held into tomorrow for the possibility of lower prices to be messaged in a subsequent update.

4. Our protective buy stop remains at $1185.50. This stop will be moved lower as the market continues to confirm.

David Williams

Issued: 12/18/2014

Feb. gold:

1. Feb. gold is expected to test $1207/$08 (or higher) into Mon., Dec. 22 (+/-1 day).

2. However, until new long entry is messaged (possibly tomorrow, Fri., Dec. 19) a sell stop/new short position should be placed at $1178.90.

3. Should this stop be triggered (considered unlikely), initial short position exit should be taken at/near $1172 and any remaining short position held for lower prices to be messaged in a subsequent update. Will update.

David Williams