David Fuller's view It is 'risk-off' everywhere again today, if you will forgive the jargon. My biggest remaining long position in precious metals was closed as sell stops for gold (weekly & daily) were triggered this afternoon. Dec gold futures were sold at $1750 against purchases at $1618.7, $1712.8 and $1785.2 on 17th Aug, 6th & 21st Sep, respectively. A few hours later the remaining gold stop was triggered at $1739.5 against my purchase at $1733.4 on 10th Sep. These prices include all spread-bet dealing costs.

I expect the precious metals market to remain choppy for perhaps a few weeks longer, before resuming the new cyclical upward trend which began in August. Meanwhile, timing tactics in futures will remain tricky although buy-low-sell-high is generally the best policy.

I will allow my expiring October platinum longs to be rolled forward this week