Wednesday

Close Long Dax Position

Dax long position $5/point (entry 4040) closed (stopped out) at 4500 (4505 at the time of writing) - realising a profit of $2300. Our stops were raised to protect our profits. We have also closed Silver at 1270, realising $300 profit. Again we expect Silver to slide further but lets leave the icing to someone else. We intend to hold long Gold and Silver positions when our indicators suggest further rallies (most likely will coincide with the next significant decline).