David Fuller's view Using futures, I had leveraged my gold (weekly & daily) long trades in anticipation of a trending move which has yet to occur. My first wave of sell stops was triggered on Friday 16th April at $1143.8 for the June contract, against purchases on 8th and 17th March and 6th April, at prices of $1131.7, $1126.8 and $1130, respectively. My second wave of stops, also on 16th April, was triggered at $1140 against purchases at $1156.8, $1153.6 and $1161.9 all on 9th April, and $1158.1 on 14th April. My third wave of stops was triggered on 19th April at $1126 against a purchase at $1124.7 on 1st April, then at $1125, against purchases at $1114.9, $1111.5 and $1107.5 on March 10th and $1094.28 (rollover) on 26th March. The Rhinegold waters remains choppy.

Lastly, on 16th April, a limit bid to open a trading long in the JPMorgan Japanese Small Companies Investment Trust (weekly & daily) (JPS LN) which I had mentioned on several occasions was triggered, resulting in a purchase at 161.10p for a December contract. The risks with this trade are that Japan may continue to underperform; a global stock market reaction or even a correction towards the 200-day MAs could occur following recent strong gains, and JPS is thinly traded.

Prices above include all spread-bet dealing costs.