David Fuller's view Gold's (weekly & daily) upside follow through today enabled me to place slightly in-the-money stops on my positions which were increased on Monday. More importantly, market action provides further evidence that gold is nearing the end of its consolidation following the August acceleration and subsequent reaction. If correct, renewed demand for gold should also lead to a firmer tone for other precious metals which have lagged recently.

Having raised my gold stops, I reopened longs in platinum (weekly & daily) and silver (weekly & daily), paying $1559.9 and $32.505, for January and March contracts, respectively. These prices include spread-bet dealing costs.