My personal portfolio
Comment of the Day

June 15 2012

Commentary by David Fuller

My personal portfolio

Silver futures long trade reduced

David Fuller's view I halved my silver longs today, selling the July position that I purchased at $28.41 yesterday at $28.728 this afternoon, including spread-bet dealing costs. This was a temporary tactical move in case we see a little more volatility next week as Greece's weekend election results are assessed. I still have long positions in gold, silver, platinum and palladium, and will remain a medium-term bull provided the recent lows continue to hold, as I expect. My plan is to trade with the volatility, ideally on a long only buy-low-sell-high basis, leveraging up behind trailing stops as and when technical action indicates that potentially significant new uptrends are forming.

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