David Fuller's view In overnight trading I was stopped out of yesterday's silver (weekly & daily) purchase. Consequently one-third of my September long position was sold at $35.85 against Wednesday's purchase at $35.79. This afternoon, and I am embarrassed to mention this, I meant to close my platinum long because my purchase was not as well timed as for gold and silver and it had also paused near some overhead resistance. Additionally, I do not like having too many trades, as I mentioned yesterday. I was obviously not paying close enough attention to what I was doing with the online trade and accidentally sold my main silver position at $36.325 against my purchase at $34.683 on 5th July. I thought about buying it back but decided not to for the time being as I was only looking for a short-term trade within the range at this time of seasonal underperformance and had put in a tight stop about an hour earlier. I then sold my platinum (weekly & daily) long as originally intended, at $1735.1 for the October contract against my purchase at $1732.4. I had placed a tight stop in gold (weekly & daily) just beneath this morning's reaction lows and this was triggered. I do think precious metals are in a support building phase prior to their next advance so I will certainly reopen longs before long, preferably following easing rather than strength.

These prices include all spread-bet dealing costs.

A little earlier in the day I had shorted UK gilts (weekly & daily) at 121.05 for the September contract, including the 3-point dealing spread.

Among my other trades the biggest disappointment recently has been natural gas (weekly & daily) although I am not inclined to sell on this retest of the range lows. Fortunately for me a bigger position in CAD/JPY (weekly & daily) has seen a good recovery recently. I am also encouraged by the improvement in my US 30-year T-bond short (weekly & daily).