My personal portfolio
Comment of the Day

December 23 2016

Commentary by David Fuller

My personal portfolio

A trade closed

David Fuller's view

Apologies for this delayed report due to my oversight but I took profits in my leveraged long in the BlackRock World Mining Trust on 19th December, because it was somewhat overstretched and beginning to react.  Equal sized long positions in the June 2017 BRWM contract purchased at 327.54p on 25 Oct, 324.26 on 26 Oct and 318.38 on 8 Nov were all sold at 334.25 on 19 Dec.  This means that I have no leveraged positions for the first time in quite a while, although I hope to repurchase BRWM futures at a lower price.  Meanwhile, I continue to hold an unleveraged long in BRWM in my personal long-term investment account.   

Please note: I will be away for most of next week.

 

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