My personal portfolio:
Comment of the Day

November 08 2010

Commentary by David Fuller

My personal portfolio:

Stop triggered in latest platinum long, later repurchased; soybeans long reopened

David Fuller's view What I later judged to be a too tight stop was triggered in my most recent platinum (weekly & daily) purchase. Consequently I was stopped out at $1756 this afternoon against my purchase at $1753.8 on 5th November. On seeing the strength of other precious metals and platinum firming once again, I reopened the long at $1770 and with a slightly larger position. My intention is to leverage up in platinum because it is the lagging precious metal, currently, but subject to the same interest experienced currently by high-flying palladium and silver, and gold remains very firm. I am already long corn and wheat, and playing the commonality theme, I reopened a long in soybeans (weekly & daily), paying $12.854 for a January position.

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