My personal portfolio:
Gold futures stops raised; platinum and silver futures longs opened
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.