David Fuller's view I doubled my USD/JPY (weekly & daily) currency long today, paying ¥93.36 for another September position, including spread-bet dealing costs of ¥0.12. This total position is half the size of my AUD/JPY long, preferred because of the favourable interest rate differential. I also raised stops in many of my gold (weekly & daily) futures longs and then increased the overall position by just over 18%, paying $1158.1, including dealing costs of 60¢ for another June position. The risks in this trade are as previously described but the technical action for precious metals looks encouraging to me.


"Small savings add up to make a big difference" - I enjoyed this common sense pre-election observation from John Husselbee.