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 shorted the Dow Jones Industrials Average today selling at 33,327 for a September contract. My sense is that we are due some additional consolidation and amid fading perceptions of a strong additional rebound in economic activity. I suspect we are now in a process of mean reversion for most somewhat overbought stock markets.
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.
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.
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 at $35.79 on December 1st. 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. Rolls Royce has not participated in the stock market rebound of late and continues to form a first step above the Type-2 base formation.