Eoin Treacy's view

One of the most commonly asked questions by subscribers is how to find details of my open traders. To make it easier I will simply repost the latest summary daily until there is a change.

I initially opened a long in Ethereum because I thought it was inevitable that it would follow bitcoin’s trend higher. That was the correct move and the price advanced from $392 to $1570 before I sold on March 4th. At the time I was worried about the ebullient sentiment and a week later bitcoin posted its first failed upside break. Ethereum continued higher, rising an additional $1000. With continued pressure on bitcoin, I think it is reasonable to expect Ethereum to follow it lower so I opened a short on April 22nd at $2511 including spread-bet dealing costs.   

I also think it is likely Wheat is about to play catch up with the other grains so I bought a May contract at 694¢.

I opened a long on March 30th in the Treasury Note futures paying 131.215 for a June contract. I am increasingly of the opinion that a reversionary rally is overdue amid the potential for a wider risk off environment as the Dollar rallies and potential for intervention increases. 

I still have bids in the market below prevailing prices in gold and silver and will leave them in place to take advantage of any possible additional volatility.

I increased my gold position on December 17th buying another unit at $1818.6 and continue to hold my original purchase which was opened at $1879.2.

I continue to hold my silver and platinum longs which were purchased at $23.7 and $885.4 respectively including spread-bet dealing costs.

These are leveraged trading positions rather than medium to long-term investments.

Among my investments, my original position in the VanEck Vectors Gold Miners ETF was purchased on March 25th at $20.12. I bought another unit today at $35.79. With prices coming back to test the $30 area I am shopping for opportunities in the gold sector.

My two investment positions in Rolls Royce were purchased at 154.75 and 105p respectively. I also took up the rights issue which has resulted in an average purchase price of 54.63p. Rolls Royce has not participated in the stock market rebound of late and continues to form a first step above the Type-2 base formation.

I continue to hold iShares Biotech ETF purchased at $131.9 on September 24th.