David Fuller's view Following yesterday's upside dynamic in gold, I bought a little more today, paying $1126.8 for another June position, including spread-bet dealing costs. This increased my gold futures holding by 20%. The short-term risk with this trade is the possibility of a stock market reaction (unlikely to be significant) and IMF sales. However, once bullion is established above $1150, all the technicians will be saying 'inverse head & shoulders'.