David Fuller's view This afternoon, I bought some more gold (weekly & daily), paying $1748, including spread-bet dealing costs, for another February position, increasing my overall stake by 25 percent. I have some fairly tight stops in precious metals so if the market turns choppy, as it has on so many occasions in the last few months, then I will be shaken out. I have leveraged up recently, just in case gold trends reasonably consistently with the help of additional monetary stimulus from many countries.

Stop press: This afternoon, I placed a slightly in-the-money stop on my silver (daily & weekly) position which I opened yesterday. This was stopped out at $32.60 against my purchase at $32.505 on Wednesday afternoon. These prices include all spread-bet dealing costs. I am likely to reopen a silver long if the precious metals sector remains generally firm, as I suspect.