David Fuller's view I have been less active in my trading recently, as fear of not doing enough gave way to the fear of giving back earlier profits. Also, when my timing goes off the boil I usually give myself a breather. The recent perfect storm (in a teacup) for so-called risk assets has created a number of opportunities, in my view, as overbought conditions have been replaced by oversold readings. I have mentioned grains and oversold stock markets recently, albeit the latter at the cost of some technical damage, and I reviewed precious metals yesterday.

Today, I increased my position in high-beta silver (weekly & daily), which is currently my worst performing trade. I paid $16.75 for a May position, lifting my silver stake by about 17 percent. This price includes spread-bet dealing costs.

Among other open trades, BlackRock World Mining Trust (weekly & daily) did not maintain last month's upward break but I am pleased to see today's upward dynamic, which has hopefully put a new floor under this position.