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.

The stop on my Treasury long was triggered at 132 against my purchase on March 30th at 131.215 including spread-bet dealing costs. I made the original purchase because the bond market was extremely overextended on the downside and losing momentum. My speculation was that a rebound was overdue and a massive reaction against the prevailing downtrend was possible. The failure to hold the breakout on Friday was a signal that the market was beginning to turn against me so I raised my breakeven stop.

I am fully aware of the risk of catastrophic loss in shorting into accelerating uptrends, but I strongly feel we are close to a meaningful peak in the crypto markets. My last Ethereum short closed with an inconsequential profit. I opened another short today at $4171 including spread bet dealing costs.

I am convinced of the long-term potential for outperformance in the biotech sector not least as immunotherapy moves mainstream. However, long-term speculation on loss making companies is a primary feature of the sector. Higher yields winnow the field of high potential targets by introducing timelines for success. I sold my investment long in the Biotech ETF today at $147.41 against my purchase at $131.9 on September 24th for an 11.98% profit.   

I continue to have a breakeven stop on my wheat trading long which was bought on April 22nd and 694¢ on April 22nd.

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 at $35.79 on December 1st. 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.