Eoin's personal portfolio: from March 4th 2021
Comment of the Day

March 17 2021

Commentary by Eoin Treacy

Eoin's personal portfolio: from March 4th 2021

Eoin Treacy's view

One of the most commonly asked questions by subscribers is how to find details of my open traders. In an effort to make it easier I will simply repost the latest summary daily until there is a change.

Within my trading book, I sold my leveraged Ethereum long today at $1570 against my purchase at $392.36. I had placed a stop at a Mid-point Danger Line level in the middle of the previous range. However, I anticipated the stop in selling today.

Sentiment has become aggressively bullish in the crypto sector but prices are no longer rising. Rising rates represent a challenge for ALL speculative assets, so I thought it was better to take the profit now than risk profit erosion amid an increasingly uncertain environment.

I still have bids in the market below prevailing prices in gold and silver and will leave them in place to take advantage of any possible additional volatility.

I increased my gold position on December 17th buying another unit at $1818.6 and continue to hold my original purchase which was opened at $1879.2.

I continue to hold my silver and platinum longs which were purchased at $23.7 and $885.4 respectively including spread-bet dealing costs.

These are leveraged trading positions rather than medium to long-term investments.

Among my investments, my original position in the VanEck Vectors Gold Miners ETF was purchased on March 25th at $20.12. I bought another unit today at $35.79. With prices coming back to test the $30 area I am shopping for opportunities in the gold sector.

My two investment positions in Rolls Royce were purchased at 154.75 and 105p respectively. I also took up the rights issue which has resulted in an average purchase price of 54.63p.  

I continue to hold iShares Biotech ETF purchased at $131.9 on September 24th.

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