05/20/2015 – Gold
Issued: 05/20/2015
June gold:
1. As noted in today’s (Wednesday, May 20) Williams edge live meeting, continued daily closes above $1204 in June gold indicates a multi-day advance and test/attempt at $1219/$22 (or higher) into later this week (week of May 18)/early next week.
2. Any hourly or especially daily close above $1211/$12 will place June gold into a ‘Buy’ position for the above-noted advance. Aggressive can go long now at the market (current price, $1209.60).
3. Our initial protective sell stop should be placed at $1203.00. This stop will be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 05/21/2015
June gold:
1. Aggressive longs based on yesterday’s (Wednesday, May 20) June gold report were stopped out today at $1203.00, resulting in a loss on the entire position. Should today’s June gold session close above $1201, a long reentry may be messaged. Will update as the market confirms.
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.