My personal portfolio
Silver futures long trade reduced
David Fuller's view I halved my silver longs today, selling
the July position that I purchased at $28.41 yesterday at $28.728 this afternoon,
including spread-bet dealing costs. This was a temporary tactical move in case
we see a little more volatility next week as Greece's weekend election results
are assessed. I still have long positions in gold, silver, platinum and palladium,
and will remain a medium-term bull provided the recent lows continue to hold,
as I expect. My plan is to trade with the volatility, ideally on a long only
buy-low-sell-high basis, leveraging up behind trailing stops as and when technical
action indicates that potentially significant new uptrends are forming.