05/28/2015 – Gold
August gold:
1. On Wednesday, May 27 in our Williams edge live meeting it was noted that August gold was expected to break to new recent lows below $1184 as early as Thurs., May 28 and then close back above $1184 after having done so.
2. On Thurs., May 28 August gold broke to new recent lows at $1180.20 and later closed the session at $1188.30, well above the $1184 level. This completes the confirmation that prompted our most recent August gold report which will be updated later in today’s session, as well.
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.