11/12/2014 – Gold
Issued: 11/12/2014
Dec. gold:
1. Although today’s gold market declined into the daily close, a tradable advance remains possible.
2. A buy stop/new long position should be placed at $1165.50 in Dec. gold. Initial long position exit should be taken at/near $1169 and the remainder held for higher prices to be messaged in a subsequent update.
3. Once long, a protective sell stop should be placed at $161.90. This stop will be moved higher as the market continues to confirm.
David Williams
Issued: 11/13/2014
Dec. gold:
1. Our previous (Wed., Nov. 12) Dec. gold update indicated new long entry at $1165.50. This entry was triggered today.
2. Gold advanced slightly beyond the $1165.50 long entry (session high, $1167.40) but quickly reversed and triggered our $1161.90 protective sell stop, resulting in a $3.60 loss on the entire position.
3. Should gold advance into tomorrow and test $1170 (or higher) a new update may be given at that time.
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.