Hi all im having this problem could anyone tell me what this means and what i need to fix ??

 

[11:37:17] [main/INFO] [GradleStart]: assetsDir: C:\COLCMinecraft\.gradle\caches\minecraft\assets
[11:37:17] [main/INFO] [GradleStart]: Extra: []
[11:37:18] [main/INFO] [GradleStart]: Running with arguments: [--userProperties, {}, --assetsDir, C:\COLCMinecraft\.gradle\caches\minecraft\assets, --assetIndex, 1.8, --accessToken, {REDACTED}, --version, 1.8, --tweakClass, net.minecraftforge.fml.common.launcher.FMLTweaker, --tweakClass, net.minecraftforge.gradle.GradleStartCommon$GradleStartTweaker]
[11:37:18] [main/INFO] [LaunchWrapper]: Loading tweak class name net.minecraftforge.fml.common.launcher.FMLTweaker
[11:37:18] [main/INFO] [LaunchWrapper]: Using primary tweak class name net.minecraftforge.fml.common.launcher.FMLTweaker
[11:37:18] [main/INFO] [LaunchWrapper]: Loading tweak class name net.minecraftforge.gradle.GradleStartCommon$GradleStartTweaker
[11:37:18] [main/INFO] [LaunchWrapper]: Calling tweak class net.minecraftforge.fml.common.launcher.FMLTweaker
[11:37:18] [main/INFO] [FML]: Forge Mod Loader version 8.0.37.1334 for Minecraft 1.8 loading
[11:37:18] [main/INFO] [FML]: Java is Java HotSpot(TM) 64-Bit Server VM, version 1.8.0_40, running on Windows 7:amd64:6.1, installed at C:\COLCMinecraft\Java
[11:37:18] [main/INFO] [FML]: Managed to load a deobfuscated Minecraft name- we are in a deobfuscated environment. Skipping runtime deobfuscation
[11:37:18] [main/INFO] [LaunchWrapper]: Calling tweak class net.minecraftforge.gradle.GradleStartCommon$GradleStartTweaker
[11:37:18] [main/INFO] [GradleStart]: Injecting location in coremod net.minecraftforge.fml.relauncher.FMLCorePlugin
[11:37:18] [main/INFO] [GradleStart]: Injecting location in coremod net.minecraftforge.classloading.FMLForgePlugin
[11:37:18] [main/INFO] [LaunchWrapper]: Loading tweak class name net.minecraftforge.fml.common.launcher.FMLInjectionAndSortingTweaker
[11:37:18] [main/INFO] [LaunchWrapper]: Loading tweak class name net.minecraftforge.fml.common.launcher.FMLDeobfTweaker
[11:37:18] [main/INFO] [LaunchWrapper]: Calling tweak class net.minecraftforge.fml.common.launcher.FMLInjectionAndSortingTweaker
[11:37:18] [main/INFO] [LaunchWrapper]: Calling tweak class net.minecraftforge.fml.common.launcher.FMLInjectionAndSortingTweaker
[11:37:18] [main/INFO] [LaunchWrapper]: Calling tweak class net.minecraftforge.fml.relauncher.CoreModManager$FMLPluginWrapper
[11:37:18] [main/ERROR] [FML]: The binary patch set is missing. Either you are in a development environment, or things are not going to work!
[11:37:19] [main/ERROR] [FML]: FML appears to be missing any signature data. This is not a good thing
[11:37:19] [main/INFO] [LaunchWrapper]: Calling tweak class net.minecraftforge.fml.relauncher.CoreModManager$FMLPluginWrapper
[11:37:19] [main/INFO] [LaunchWrapper]: Calling tweak class net.minecraftforge.fml.common.launcher.FMLDeobfTweaker
[11:37:19] [main/INFO] [LaunchWrapper]: Loading tweak class name net.minecraftforge.fml.common.launcher.TerminalTweaker
[11:37:19] [main/INFO] [LaunchWrapper]: Calling tweak class net.minecraftforge.fml.common.launcher.TerminalTweaker
[11:37:19] [main/INFO] [LaunchWrapper]: Launching wrapped minecraft {net.minecraft.client.main.Main}
[11:37:19] [main/ERROR] [LaunchWrapper]: Unable to launch
java.lang.reflect.InvocationTargetException
at sun.reflect.NativeMethodAccessorImpl.invoke0(Native Method) ~[?:1.8.0_40]
at sun.reflect.NativeMethodAccessorImpl.invoke(Unknown Source) ~[?:1.8.0_40]
at sun.reflect.DelegatingMethodAccessorImpl.invoke(Unknown Source) ~[?:1.8.0_40]
at java.lang.reflect.Method.invoke(Unknown Source) ~[?:1.8.0_40]
at net.minecraft.launchwrapper.Launch.launch(Launch.java:135) [launchwrapper-1.11.jar:?]
at net.minecraft.launchwrapper.Launch.main(Launch.java:28) [launchwrapper-1.11.jar:?]
at net.minecraftforge.gradle.GradleStartCommon.launch(Unknown Source) [start/:?]
at GradleStart.main(Unknown Source) [start/:?]
Caused by: java.lang.UnsatisfiedLinkError: no lwjgl in java.library.path
at java.lang.ClassLoader.loadLibrary(Unknown Source) ~[?:1.8.0_40]
at java.lang.Runtime.loadLibrary0(Unknown Source) ~[?:1.8.0_40]
at java.lang.System.loadLibrary(Unknown Source) ~[?:1.8.0_40]
at org.lwjgl.Sys$1.run(Sys.java:73) ~[lwjgl-2.9.1.jar:?]
at java.security.AccessController.doPrivileged(Native Method) ~[?:1.8.0_40]
at org.lwjgl.Sys.doLoadLibrary(Sys.java:66) ~[lwjgl-2.9.1.jar:?]
at org.lwjgl.Sys.loadLibrary(Sys.java:95) ~[lwjgl-2.9.1.jar:?]
at org.lwjgl.Sys.<clinit>(Sys.java:112) ~[lwjgl-2.9.1.jar:?]
at net.minecraft.client.Minecraft.getSystemTime(Minecraft.java:2856) ~[Minecraft.class:?]
at net.minecraft.client.main.Main.main(Main.java:44) ~[Main.class:?]
... 8 more
Java HotSpot(TM) 64-Bit Server VM warning: Using incremental CMS is deprecated and will likely be removed in a future release

You don't have lwjgl, so I am pretty sure you set up your workspace incorrectly.

 

Best way to fix it would be simply set it up again, have you tried that?

http://www.minecraftforge.net/forum/index.php/topic,14048.0.html#post_update_forge

I think it's from using Java 8. Try setting your workspace JDK to Java 7.