The Alchemist Performance Update

Performance Overview:

Cumulative Performance (April - May 2024):
The Alchemist Performance: +18.37%
Gold Price Change: +1.19%

During April and May, The Alchemist demonstrated its resilience and adaptability in various market conditions. The underlying gold price exhibited significant volatility, maneuvering from $2,294 to $2,431 (+6%), then dropping to $2,279 (-6%), rising again to $2,448 (+7%), and finally falling to $2,325 (-5%). Despite this volatility, The Alchemist successfully navigated these trends and generated positive returns.

The strategy experienced three notable daily drawdowns:

April 8th: -6.97% due to a deep market correction.
May 1st: -5.17% due to a trend reversal following a false breakout.
May 15th: -5.79% due to a broadening formation.
These drawdowns are, to an extent, unavoidable in such volatile market conditions.

I remain confident in The Alchemist's strategy and its ability to navigate the complexities of the gold market in the long term. I will continue to refine our approach and closely monitor market conditions to ensure sustained performance and effective risk management.

Thank You!