12/09/2015 – Gold

  • Gold

Issued: 12/09/2015

February gold:

1. In today’s (Wednesday, December 9) Williams edge futures meeting it was noted that aggressive traders could go long February gold at $172.30 for further advance.

2. Subsequently, February gold advanced and is trading at $176.50. This represents initial profit taking territory.

3. A protective sell stop should be placed at $172.30. This stop will be moved higher as the market continues to confirm. Will update in tomorrow’s session.

David Williams

Issued: 12/10/2015

February gold:

1. In our Wednesday, December 9 Williams edge futures meeting it was noted that aggressive traders could go long February gold at $172.30 for further advance.

2. Subsequently, February gold advanced and is trading at $176.50 where initial profit taking was indicated.

3. However, today (Thursday, December 10) our protective sell stop was hit at $172.30. This resulted in a successful trade. 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.