My personal portfolio: platinum long trade closed
Comment of the Day

January 03 2013

Commentary by David Fuller

My personal portfolio: platinum long trade closed

David Fuller's view In a slight change of tactics within what has been a trading band for fifteen months, albeit with downside pressure since October, I took the short-term profits in my recent platinum purchases, because it was up today but the other three precious metals were trading lower this evening. This topped up my cash balance in the trading account and gives me a little more flexibility, whatever happens. For the record, my April platinum purchases at $1536.6 and $1566.6 on 27 Dec and 2 January, respectively, were sold this evening at $1577.7. These prices include all spread-bet dealing costs. I let a similar gain slip through my fingers in silver yesterday and gold's setback today is a concern.

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