My personal portfolio
Comment of the Day

April 28 2014

Commentary by David Fuller

My personal portfolio

A losing trade rolled forward.

David Fuller's view

My silver (daily & weekly) longs were rolled forward last Friday.  They had been a poorly timed trade, especially as one of my mantras for decades has been: “Don’t pay up for silver.”  In other words, if buying, try to do so following setbacks in this volatile market.  Instead, I paid up, buying May silver at 2213.3 and 2188 on February 24 and 25, and at 2115.8 on 12th March.  These contracts expired at 1956.5 on 25 April.  I allowed the positions to be rolled forward last Friday, at 1959.3, because silver is oversold and near prior support.  However, I may have to be patient because there are plenty of bears around for precious metals at present and they often do better in 4Q and 1Q.  

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