David Fuller's view Some of these platinum (weekly & daily) purchases were poorly timed but the overall result and chart action encouraged me to roll it into 2011. For the record, I bought equal-sized January platinum longs, with the exception of the first one which was somewhat smaller, at $1696, $1707.7, $1770, $1791.9 (ouch!), $1660.8, $1639.1, $1727.3 and $1718.1 on 28th & 29th October, 8th, 9th, 16th & 17th November, and $1728.3 & $1718.1 on 7th December, respectively. These were all sold on 23rd December at $1729.4, when corresponding longs in the April position were simultaneously opened at $1736.7.

Overall, I think precious metals remain within a consolidation and partial mean reversion phase towards their medium-term uptrends represented by the 200-day moving averages, prior to some additional strength in 1Q 2011.