My personal portfolio
Comment of the Day

May 22 2012

Commentary by David Fuller

My personal portfolio

Silver and platinum longs stopped out

David Fuller's view It has felt like a game of cat and mouse in precious metals recently. I keep positioning myself for a bounce but we have yet to see the sharp recovery that I eventually expect. Until that occurs, emboldening bulls once again, these markets are still susceptible to the overall deleveraging that is occurring. I will roll forward a small long position in gold later this week, which I eventually intend to increase. My latest silver and platinum trades were protected with slightly better than breakeven stops which were triggered this afternoon. Consequently, my July silver long was stopped out at $28.30 against yesterday's purchase at $28.258. My July platinum long was stopped out at $1452 against my purchase at $1450.1 on 17th May. These prices include all spread-bet dealing costs.

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