David Fuller's view

My platinum (weekly & daily) longs were rolled forward this evening.  Of my six equal-sized positions, four were previously purchased at $968.7 for the October contract, having been rolled forward back on 23^rd June.  The two other more recent and certainly premature purchases following the 8th August peak at $1199.5 were at $1168.8 on 11^th August and $1120.2 on the 15^th.   These were all sold for a net profit as the contract expired today at $1061.8.  As these trades were on automatic rollover, I simultaneous purchased December longs at $1067.1. 

These prices include all spread-bet dealing costs.  

Previous short-term oversold conditions have been partially corrected by this week’s rally over the last four days.  However, I think the weekly chart for platinum, and indeed all other precious metals for which we have futures contracts, shows that the reactions and consolidations have seen their lows, bounced strongly and are now on their way to extending their upward trends.  I also hold gold (weekly & daily) and particularly silver (weekly & daily).