David Fuller's view I have continued my recent policy of taking some trading profits, this time once again with platinum (weekly & daily), while precious metals remain in their broadly sideways ranges of 15-plus months. This evening, I sold my April platinum long positions at $1585.2 and $1582.1, against my purchases at $1560.7 and $1560.2 on 4th January. These prices include all spread-bet dealing costs.

Just prior to the platinum sales, I repurchased one-third of my palladium (weekly & daily) longs which had been stopped out last month. I bought a third of that position back at a slightly lower level, paying $671.15 for the March position, including all spread-bet dealing costs.

This trading strategy has enabled me to top up my cash position in the account, primarily as protection against my larger gold position, currently in the February contract, which is presently trading at a loss prior to its next rollover date on the 27th of this month.

Here is a bullish article on palladium published by Bloomberg today.