My personal portfolio
Comment of the Day

June 21 2012

Commentary by David Fuller

My personal portfolio

Silver futures trade rolled forward; Palladium long closed

David Fuller's view I had reduced my precious metal exposure recently but not enough as it turned out. For now, I have retained my remaining gold long and I allowed my expiring silver long to be rolled forward. I expected plenty of ranging but today's downward dynamics for these two precious metals does question the support building process which I though was underway. My July silver long was sold at $26.824 against my purchase at $28.958 on 12th June, and via automatic rollover I simultaneously purchased a September long at $26.909. Palladium saw a much smaller decline but I closed this position as a precautionary measure, selling my two September positions at $607.68 against purchases at $626.75 and $626 on 6th and 12th June, respectively.

Back to top