David Fuller's view

Returning from holiday this week I have been slow to write about these two trades although they have been mentioned in recent Audios.  First, it was a mistake to have rolled forward my previous successful silver long trade because it fell straight back to the lower side of its range.  Although trading silver feels Sisyphean, it is near prior support and currently oversold.  Having rolled forward into the September contract at $21.171 on 26^th June, this contract expired at $19.40 on 21^st August and was automatically rolled into the December contract at $19.496.  The second trade was in the Australia 200 Index, for which I purchased the September contract at 5485.5 on 4^th August.  I decided to sell it on 27^th August at 5608.5, as it was temporarily overbought along with many other stock markets.  However, I will most likely repurchase this position in the event of a small correction as the overall pattern and prospects remain favourable.  These prices include all spread-bet dealing costs.