Eoin's personal portfolio: profit taken on commodity short July 29th
Comment of the Day

August 02 2022

Commentary by Eoin Treacy

Eoin's personal portfolio: profit taken on commodity short July 29th

Eoin Treacy's view

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

I took the profit on my copper short today at 350.92 against my sale on June 23rd at 386.49 including spread-bet dealing costs.

I continue to hold my three platinum positions which were bought at an average purchase price of $986 over the last two years.

I have introduced several leveraged and unleveraged purchase orders in gold futures and GLD below prevailing prices in an effort to enter both trading and investment positions at bargain prices.  

I have been short the Nasdaq-100 since the end of the first quarter. I opened my initial position on March 31st at 15,039, took a partial profit at the end of May and re-shorted it on June 1st at 13,323. On returning from the Chart Seminar, I shorted an additional unit on June 13th at 12,165 including spread-bet dealing costs. That took my average selling price to 13,173.

On June 30th I took another partial profit, buying back half my total position at 11,622. In doing so I bought back the most recent position and continue to hold the other two earlier half size positions. That takes average my shorting price up to 14,181.    

My original position in the VanEck Vectors Gold Miners ETF was purchased on March 25th 2020 at $20.12. I bought another unit at $35.79 on December 1st 2020. I continue to shop for opportunities in the gold sector.

 

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