David Fuller's view

I missed seeing this just before Christmas but my spread-bet statement for 24^th December shows that my losing platinum position was rolled forward on the 23^rd.  Consequently, my expiring January platinum was sold at $1193.40 against its purchase at $1315.60 on 24^th September, and as it was on automatic rollover, I simultaneously bought April platinum at $1193.40.  These prices include all spread-bet dealing costs.

Platinum is currently my only spread-bet position and it remains small because these markets are out of favour at present and have also been hurt by the US Dollar’s rise.  However, I expect to see some recovery by metals in 2015.  Therefore I am likely to repurchase silver in the next few weeks, which is still trading below where I last sold it.