My personal portfolio
David Fuller's view Early this morning I noticed that precious metal futures
were mostly firm in Asian trading, whereas in recent months they have often weakened,
particularly following steady action on in the US markets. Platinum
was lagging temporarily, when I checked, although it had the best upward dynamic
last week so I decided to open a long trade, paying $1456.1, including spread-bet
dealing costs, for an October position. While I hope that these markets are beginning
to trend a little more, given earlier volatility I now have a breakeven stop protecting
this latest purchase.
again, I now have longs open in all four futures-traded precious metals. My
other trading positions are longs in coffee and the Nikkei, and I still have
the JGB futures short, which is doing me no favours at the moment.
Stop Press: I decided to take the profit in my coffee long because it was becoming temporarily overextended. This afternoon I sold my long in the September Arabica contract at 180.15¢, against my purchase at 166.30¢ on 29th June. These prices include all spread-bet dealing costs. I may repurchase coffee in the event of an orderly pullback.