Eoin's personal portfolio: platinum long initiated, oil long stop hit
Eoin Treacy's view Since
I did not buy gold when it found support in the region of its 200-day MA, I
had been waiting for it to breakout before initiating a precious metal long.
My intention had been to purchase silver but now feel it has gone too far to
justify paying up for it. Instead I bought platinum,
which is breaking upwards from its four-month range, paying $1618.30 for the
January contract.
I was
unwilling to sit through another drawdown on my ill-timed oil
long so on seeing it rally from it lows yesterday, I placed a stop at $74.95
which was triggered today against my purchase at $76.94 on August 18th.