My personal portfolio
Comment of the Day

January 28 2016

Commentary by David Fuller

My personal portfolio

A breakeven stop triggered; a dividend adjustment received

David Fuller's view

I know Silver (weekly, daily, intraday) is volatile so my slightly in-the-money stop was protection against a position which had been mostly in the red.  However, the machine trading systems which account for most of the volume these days created a meltdown just after noon GMT, as you can see on the intraday chart above.  This actually blew through my stop, so my March silver long was sold at $14.175 today, against my purchase at $14.184 on 26 Nov.  Given the failed upside breakout, I will hope for some additional weakness before considering a repurchase.  These prices include all spread-bet dealing costs. 

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