The GOLD scream room
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- MachineGhost
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Re: The GOLD scream room
Last time gold had such a big rally in the first half of the year was... wait for it... 1979, six months before the 18-year bear market top.
Call me the anti-gold bug doom porner.
Call me the anti-gold bug doom porner.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
- MachineGhost
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Re: The GOLD scream room
They're a leading indicator, not concurrent or lagging. Sometimes they are wrong, but not often. What's interesting is the lack of dumb money participation. It seems like this move may purely be a hedge fund-driven momentum play.buddtholomew wrote:Smart money is sure dumb.
Chinese, Indians, or foreigners won't show up unless they buy our futures contracts though. I do know the Chinese have shifted from speculating in Bitcoins to silver.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
- buddtholomew
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Re: The GOLD scream room
Sweet. We have 6 months to party.MachineGhost wrote:Last time gold had such a big rally in the first half of the year was... wait for it... 1979, six months before the 18-year bear market top.
Call me the anti-gold bug doom porner.
- dualstow
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Re: The GOLD scream room
buddtholomew wrote:Sweet. We have 6 months to party.MachineGhost wrote:Last time gold had such a big rally in the first half of the year was... wait for it... 1979, six months before the 18-year bear market top.
Call me the anti-gold bug doom porner.
Re: The GOLD scream room
Or to hopefully hit a rebalance band.buddtholomew wrote:Sweet. We have 6 months to party.MachineGhost wrote:Last time gold had such a big rally in the first half of the year was... wait for it... 1979, six months before the 18-year bear market top.
Call me the anti-gold bug doom porner.
Re: The GOLD scream room
I bought from AJPM and Gainesville Coins at the current asking price whatever that was at the time.MachineGhost wrote:That's strange. Did you overpay for your American Eagles? Unless you bought near/at the 2011 top (raises hand), you shouldn't have a paper loss with gold trading at $1350ish.curlew wrote:I'm not trying to sound like Mathjak, but just because gold has been rising lately, it doesn't seem like such a big reason for rejoicing when you look at the overall picture. I mean, I'm not going to go over on Bogleheads and brag because a sector in my PP is almost at the break even point after 7 years.
- dualstow
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Re: The GOLD scream room
The other day, I was nervously wondering if I had put my gold back in the safety deposit box or had absent-mindedly left it in that little room where you view your box. (Always worry, but it's always there next visit). Today, I can't see my gold ETFs because Vanguard's site is partially down. Nowhere to run, nowhere to hide.
At least I don't worry about market fluctuations.
At least I don't worry about market fluctuations.
Re: The GOLD scream room
You take your coins out and talk to them in the room?dualstow wrote:The other day, I was nervously wondering if I had put my gold back in the safety deposit box or had absent-mindedly left it in that little room where you view your box. (Always worry, but it's always there next visit). Today, I can't see my gold ETFs because Vanguard's site is partially down. Nowhere to run, nowhere to hide.
At least I don't worry about market fluctuations.
- JohnnyFactor
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Re: The GOLD scream room
That would be silly. The coins do all the talking.
- dualstow
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Re: The GOLD scream room
I add new friends so they can talk amongst themselves.
- JohnnyFactor
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Re: The GOLD scream room
True wealth is measured by how many (gold) friends you have.
- dualstow
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Re: The GOLD scream room
exactly!
- MachineGhost
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Re: The GOLD scream room
I don't like barbarous friends.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
- MachineGhost
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Re: The GOLD scream room
Muslims can't own or trade gold as an investment under Sharia Law ('Ribawi item") but some organization that establishes standards for Sharia finance is preparing to clarify a standard as to what they can and cannot buy by the end of this year. This could be a major tailwind when all 1.6 billion Muslims start to buy gold en masse.
Here's a longer chart on the extreme dumb money sentiment:
Here's a longer chart on the extreme dumb money sentiment:
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
- Kriegsspiel
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Re: The GOLD scream room
Yes, they can.MachineGhost wrote:Muslims can't own or trade gold as an investment under Sharia Law ('Ribawi item")
- dualstow
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Re: The GOLD scream room
I wonder if you were thinking of this, MG
One common "stratagem" to circumvent of the ban on interest in the Ottoman era was known as istiglal and involved the borrower selling his house to a lender and immediately leasing it back. The proceeds of the sale served as the loan, the rent of the lease served as interest payment.[31] (According to another source—International Business Publications—the "common view of riba among classical jurists" of Islamic law and economics during the "Islamic Golden Age" was that interest charges on loans of gold and silver currencies were unlawful, but applying "interest to fiat money -- currencies made up of other materials such as paper or base metals -- to an extent" was not riba. Thus, when "currencies of base metal were first introduced in the Islamic world", Islamic jurists did not forbid interest charges on them as riba.[32])
- MachineGhost
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Re: The GOLD scream room
No they can't. They can buy gold for jewelry or to use as money, but they cannot speculate on the future which means they can't buy gold to profit, non-Sharia compliant gold ETF's, futures, options, etc... It's purely retarted metaphysical self-flagellation but hey, I'm not a Muslim.Kriegsspiel wrote:Yes, they can.MachineGhost wrote:Muslims can't own or trade gold as an investment under Sharia Law ('Ribawi item")
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
- MachineGhost
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Re: The GOLD scream room
You're really asking me to understand all of the finest intracacies of gold in the Koran under Sharia Law? I draw the line somewhere and I think it'll be religion, especially one as whacko as Islam.dualstow wrote:I wonder if you were thinking of this, MG
One common "stratagem" to circumvent of the ban on interest in the Ottoman era was known as istiglal and involved the borrower selling his house to a lender and immediately leasing it back. The proceeds of the sale served as the loan, the rent of the lease served as interest payment.[31] (According to another source—International Business Publications—the "common view of riba among classical jurists" of Islamic law and economics during the "Islamic Golden Age" was that interest charges on loans of gold and silver currencies were unlawful, but applying "interest to fiat money -- currencies made up of other materials such as paper or base metals -- to an extent" was not riba. Thus, when "currencies of base metal were first introduced in the Islamic world", Islamic jurists did not forbid interest charges on them as riba.[32])
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
- MachineGhost
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Re: The GOLD scream room
Gold commercials are popping up again like in 2011.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Re: The GOLD scream room
That's an anectodal sign of a top, for sure.MachineGhost wrote:Gold commercials are popping up again like in 2011.
- dualstow
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Re: The GOLD scream room
Should I buy from APMEX or G. Gordon Liddy?MachineGhost wrote:Gold commercials are popping up again like in 2011.
- buddtholomew
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Re: The GOLD scream room
Gold up .35, silver up 2%, all other metals higher.
What gives?
What gives?
- dualstow
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Re: The GOLD scream room
WSJ saysbuddtholomew wrote:Gold up .35, silver up 2%, all other metals higher.
What gives?
http://www.wsj.com/articles/gold-reboun ... 1470838605Gold Rebounds on Weaker Dollar
Market sentiment after productivity report also helps boost the metal
If you were unable to log into Bitwarden today around 3:30pm EST, you’re not alone. (May 6) That was brief, but unsettling.
- buddtholomew
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Re: The GOLD scream room
Should have been more clear.
I am referring to the disparity in gains across metals, with gold now positive .25%
I am referring to the disparity in gains across metals, with gold now positive .25%
- dualstow
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Re: The GOLD scream room
ah. Who knows.
If you were unable to log into Bitwarden today around 3:30pm EST, you’re not alone. (May 6) That was brief, but unsettling.