My personal portfolio:
Comment of the Day

August 04 2011

Commentary by David Fuller

My personal portfolio:

gold and silver stops triggered; cotton long sold

David Fuller's view I have mentioned the risk of capitulation selling spreading to even gold (weekly & daily) and silver (weekly & daily) but did not move quickly enough to protect my paper contracts in futures contracts.

This afternoon, my September silver positions were stopped out at $40.740, $40.455 and $40.295, respectively, against my purchases at $40.618, $40.368 (both on 27th July) and $39.990 (25th July). My December gold long was stopped out at $1653.9 against my purchase at $1639.9 on 2nd August. I also took the precautionary measure of selling my cotton (weekly & daily) at $102.465 for the December contract, against my purchase at $103.505 on 27th July. These prices include all spread-bet dealing costs.

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