Eoin's personal portfolio: futures long opened March 30th
Comment of the Day

April 21 2021

Commentary by Eoin Treacy

Eoin's personal portfolio: futures long opened March 30th

Eoin Treacy's view

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

I opened a long today in the Treasury Note futures paying 131.215 for a June contract. I am increasingly of the opinion that a reversionary rally is overdue amid the potential for a wider risk off environment as the Dollar rallies and potential for intervention increases. 

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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