08/30/2015 – Gold
Issued: 08/31/2015
December gold:
1. Our previous December gold report indicated that the next important daily market bottom for December gold was Thursday, August 27 (+/-1 day). The bottom occurred on Wednesday, August 26 at $1116.90.
2. Aggressive were instructed to go long December gold at approximately $1130 in Friday’s, August 27 session. The initial long position exit target was at/near $1139. Subsequently, December gold advanced to $1139.00, prompting partial exit (recent session high, $1140.10, so far).
3. However today, Monday, August 31 our protective sell stop at $1128 was hit, resulting in a successful trade, overall. Will message any further entry or indication in December gold.
David Williams
Issued: 08/26/2015
December gold:
1. The next important daily market bottom for December gold is Thursday, August 27 (+/-1 day).
2. How December gold handles any test of $1117/$13 is important and may prompt new long entry. Will update as the market continues to confirm.
David Williams
Issued: 08/28/2015
December gold:
1. Our previous December gold report indicated that the next important daily market bottom for December gold was Thursday, August 27 (+/-1 day). the bottom occurred on Wednesday, August 26 at $1116.90 (just $.10 below Thursday’s August 27 low of $1117).
2. Aggressive can go long December gold at current prices (current price, $1129.80). Partial long position exit should be taken at/near $1139. Further long position exits will be messaged the market continues to confirm.
3. A protective sell stop should be placed below $1113. The stop will be moved higher as the market continues to confirm.
David Williams
Issued: 08/28/2015
December gold:
1. Our previous December gold report indicated that the next important daily market bottom for December gold was Thursday, August 27 (+/-1 day). The bottom occurred on Wednesday, August 26 at $1116.90.
2. Aggressive were instructed to go long December gold at approximately $1130 in today’s (Friday, August 27) session. The initial long position exit target was at/near $1139. Subsequently, today’s December gold session advanced to $1139.00 prompting partial exit (today’s session high, $1140.10, so far).
3. Our protective sell stop has been raised to $1128. This stop will be moved higher as the market continues to confirm.
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.