03/01/2016 – Gold
April gold:
1. In yesterday’s (Monday, February 29) Williams edge live meeting it was noted that April gold (then trading at approximately $1233) was expected to advance to $1247/$48 into today, March 1. The session was also expected to close below $1238 which itself would indicate a short position for a further decline to $1220/$18.
2. Subsequently, April gold advanced higher and today (Tuesday, March 1) completed the $1247/$48 upside target, successfully completing the forecast/trade (today’s session high, $1249.30, so far). Lower prices remain indicated as noted above. Will 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.