"Firstly many thanks to Eoin and yourself for providing such a great service with words of wisdom that more than pays for my subscription (many times over).

"Concerning silver, I am sure you have been bombarded with many e-mails attempting to defend the uptrend but I commend you for sticking to your resolute analysis of the price action as reflected in the charts. However, being a long term subscriber, I wanted to take issue with yourself about not wanting to short the precious metals after identifying a (medium term) top and preferring to simply stand aside until the correction had completed. I am sure you used to be an advocate of applying small to shorts to a previous long position as a discipline to prevent you from re-entering a long trade that was undergoing a correction? Even if I am wrong here, perhaps you could share your thoughts about what would have to happen before you considered going long again."

David Fuller's view Many thanks for your kind words and interest in Fullermoney over so many years.

The point about silver is that I do remain a long-term bull (my view over the last 10 years and counting) but price charts will be the best guide to short and medium-term price action because only they reveal the supply and demand balance.

Re a short, I think you may be referring to a TCS premise of mine regarding climactic action, when I have sometimes asked delegates: When it is no longer technically right to be long, will it be justifiable to be lightly short, if only temporarily in the event of short to medium-term reactions? It is really a rhetorical question concerning objectivity.

Regarding my own trading, it really is a personal matter. At this stage of my life I do not have to do anything in the markets, and I do not feel that I have to prove anything to myself or anyone else. I prefer quieter trades and value trades or investments, and I do not want to be watching the price screen all day long. The markets remain a fascination, best kept at arm's length on occasion.