My personal portfolio:
Comment of the Day

February 08 2011

Commentary by David Fuller

My personal portfolio:

Profit taken in silver long; crude oil long trade partially reopened

David Fuller's view Silver (weekly & daily) was the best performing of my four precious metals longs. However four decades of trading silver futures have left me in no doubt that it is usually the most volatile of the group. Suspecting there might be some hesitation in the $30 range, I sold my March long at $29.645 early this afternoon, against my purchase at $28.268 on 1st February. A few minutes later I also reopened a long in crude oil (NYME) (weekly & daily), paying $86.285 for a March contract. I will trade this out quickly in the event of a bounce because the IG contract expires on the 22nd and there is a surprisingly large contango of $3.20 between the March and April NYME contracts.

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