My personal portfolio
Comment of the Day

October 16 2012

Commentary by David Fuller

My personal portfolio

Silver futures long increased, a platinum long reopened

David Fuller's view Having halved my precious metal futures exposure before the recent correction, I decided to use the short-term oversold condition and the firmer tone on Wall Street to increase exposure this morning. Accordingly, I bought silver (weekly & daily with Stochastics), paying $32.858 for a Dec position, and platinum (weekly & daily with Stochastics), at $1644.5 for the Jan contract. These positions include spread-bet dealing costs and the charts were updated at approximately 3:15pm (BST). The main risks, as I see it, are that I may be early and that the Wall Street bounce may fade into further ranging.

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