My personal portfolio:
Comment of the Day

March 03 2011

Commentary by David Fuller

My personal portfolio:

Gold futures long trade increased, a platinum stop triggered the position reopened at a better level

David Fuller's view In buying more gold (weekly & daily) today, I am obviously hoping that it now finds support above the $1400 region, rather than repeat its sell-offs prior to the mean reversion correction. Consequently, my latest purchases are more speculative than when I bought on 1st February. I doubled my overall position this afternoon by making two smaller purchases in the April contract, paying $1427 and $1414.1. A concern, should there be any downside follow through tomorrow is that both gold and platinum (shown below) closed today with downside dynamics relative to earlier down days during their recent uptrends.

Half of my platinum (weekly & daily) long was stopped out in overnight trading. Consequently, an April position was sold at $1834.1, against my purchase at $1829.7 on 14th February. I repurchased this position at $1830.4.

Prices above include spread-bet dealing costs.

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