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12/07/2015 – Gold

  • Gold

Issued: 12/03/2015

February gold:

1. Any hourly or especially a daily close above $1078 in February gold will be the earliest indication for a fast advance and test/attempt at $1099/$1100 into next week (week of December 7).

2. No long entry is indicated until the above confirmation occurs. Will message any changes or improved entry as the market continues to confirm.

David Williams

Issued: 12/07/2015

February gold:

1. Our previous February gold report indicated that any hourly or especially daily close above $1078 in February gold would be the earliest indication for a fast advance and test/attempt at $1099/$1100 into the week of December 7.

2. February gold ultimately confirmed by closing hourly and daily above $1078 but did so at $1086.60, leaving little room for initial long profit. Ultimately December gold declined and, depending on placement of your stop resulted in a loss on the entire position. Will message any further entry or indication in February gold.

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.