David Fuller's view Trying to leave fewer profits on the table in choppy conditions, I placed a tight stop beneath my leading gold trade this afternoon as the price approached its early-June high. It was slightly overrun in a sudden downdraught, resulting in the sale of an August position at $1619.3 against my purchase at $1579.6 on 8th June. This reduced my long position in gold futures by 50 percent.

I resisted the opportunity to buy the gold back a few dollars lower and instead, doubled my silver long as it had the bigger reaction. I paid $28.41 for another July position. The drawback is that this faces a rollover a week from now as the September contract is not yet available from my spread-bet service.

Prices above include spread-bet dealing costs.