My personal portfolio
Silver futures long increased, a platinum long reopened
David Fuller's view Having halved my precious metal futures exposure before the recent correction, I decided to use the short-term oversold condition and the firmer tone on Wall Street to increase exposure this morning. Accordingly, I bought silver (weekly & daily with Stochastics), paying $32.858 for a Dec position, and platinum (weekly & daily with Stochastics), at $1644.5 for the Jan contract. These positions include spread-bet dealing costs and the charts were updated at approximately 3:15pm (BST). The main risks, as I see it, are that I may be early and that the Wall Street bounce may fade into further ranging.
Back to top