A fund designed to trade the Silver $/ounce price, aiming to grow and protect capital against underlying 'real' inflation and beat long term market based deposit rates.
The fund will trade in spreadbet 'contracts' based on a margin requirement of £5 per contract where one contract equates to £1 per silver cent point.
The start fund will be £1000 with a maximum margin of 15% of the current fund value. A ( - ) indicates a short position (profit from a down move) and a ( + ) indicates a long one.
14/12/2007 - Silver 13.75 - B/ce : £1,000
buy 2 contracts @ 13.75 ( +2 ) margin £10
17/12/2007 - Silver 13.75 - B/ce : £1,000
buy 1 contract @ 13.75 ( +3 ) margin £15
31/12/2007 Year End / Dec close - Silver 14.77
Portfolio Balance : £1,306
Month Return : 31 %
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