01/14/2016 – Gold
Issued: 01/13/2016
February gold:
1. In today’s (Wednesday, January 13) Williams edge futures meeting it was noted that aggressive traders could buy February gold (then trading at approximately $1091) for further advance and possible completion of the original $1116/$18 upside target expected during the week of January 19.
2. If long based upon today’s meeting partial long position exit should be taken at current prices (current price $1094.50).
3. A protective sell stop should be placed at $1083. This stop will be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 01/14/2016
February gold:
1. Our Wednesday, January 13 Williams edge futures meeting it was noted that aggressive traders could buy February gold (then trading at approximately $1091) for further advance and possible completion of the $1115/$18 upside target expected during the week of January 19.
2. Partial long position exits were taken at $1094.50.
3. However, today (Thursday, January 14) our protective sell stop was hit at $1083. This resulted in an approximate five-point loss on the remainder of the position. Will message any further entry or indication in February gold.
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.