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 closed my short in the Dow Jones Industrials Average today at 33790 against my short on Friday at 33,327 in the September contract. I then initiated a new long at 33796. My belief that a deeper process of mean reversion was unfolding appears to have been wrong and with the major indices breaking out to new highs, the balance of probabilities is the primary indices will take another leg higher.

I also increased my long in platinum, buying an additional unit at $1072 including spread-betting dealing costs. My original long was purchased at $885 and has been rolled forward on a continual basis since. I also continue to hold my silver trading position, initiated at $23.7. I will buy more if the current reaction deepens.

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 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.

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 at $35.79 on December 1st. I continue to shop 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.