Eoin Treacy's view

One of the most commonly asked questions by subscribers is how to find details of my open traders. In an effort to make it easier I will simply repost the latest summary daily until there is a change. I'll change the title to the date of publication of new details so you will know when the information was provided.

My initial position in silver was purchased on October 2nd at $17.32. I mentioned at the time that I was buying because I wanted to ensure I had a position in the event the price surprised on the upside but would be willing to buy more if the price eased back even further.

I opened an additional position today at $16.88 for a March contract including spread dealing costs.

The reason for the timing of the trade is silver is close to its MA, both platinum and palladium are firming, gold is steady but most importantly the Dollar index looks susceptible to additional weakness in my opinion.