01/14/2018 – Gold
February gold:
1. In last Fridays (January 5) Williams edge live meeting it was noted that February gold (then trading at approximately $1324) should decline into Thursday, January 11 (+/-1 day) from there, which would then provide an important buying opportunity.
2. Subsequently, February gold declined and on Wednesday 01/10 completed the majority of the forecast decline to $1307 (swing low, $1308.90). Missing the $1307 by nearly 2 full points indicated strength and resulted in our later long 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.