David Fuller's view Precious metals trades are certainly not without risk after a decade of price rises but there are also technical and fundamental reasons for concluding that these secular bull markets are not over. Gold has an increasingly worshipful following but I think the better value is in palladium (weekly & daily) and platinum. I opened a small long in the latter yesterday and today I bought palladium, paying $570.63 for a December position, including spread-bet dealing costs of $2. (See also Eoin's posting on Russia's dwindling stockpile of palladium below.)

Please listen to the Audios for a discussion of the short-term overbought conditions in most stock markets and commodities.