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The GOLD scream room
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- buddtholomew
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Re: The GOLD scream room
Re: The GOLD scream room
Well how about that? New gold all-time highs.I wasn't planning to log back in here until after the election was over and the political debates died down. Alas, I felt like there is no better place to celebrate the new all-time highs than here. Can we actually clear that psychological 2k level???
- Ad Orientem
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Re: The GOLD scream room
pmward wrote: ↑Mon Jul 27, 2020 12:18 pm Well how about that? New gold all-time highs.I wasn't planning to log back in here until after the election was over and the political debates died down. Alas, I felt like there is no better place to celebrate the new all-time highs than here. Can we actually clear that psychological 2k level???
Pure speculation here... but in the near term I expect gold to continue to move up before pausing for consolidation around the $2k mark. In the intermediate term I I am bullish on gold and expect it to continue to outperform as long as the government is running insane deficits, suppressing interest rates in the bond market, printing money like water and using much of that newly printed money to buy its own bonds. In the near term silver will likely outperform gold due to the still wide, but narrowing, gap in the silver gold price ratio as well as declining production coupled with increased industrial demand. Long term, silver prices will overshoot (it's one of the constants of history) and then correct downward.
Re: The GOLD scream room
In trying to look at all angles, and looking at risks to gold, there is one thing I worry about... that being the rolloff in Fed liquidity at a time when the treasury is issuing more debt. The Fed provided liquidity in advance, but now it could almost function as a tightening of liquidity where they are providing less and less liquidity while the treasury is issuing more and more debt. To keep the ship afloat, especially with new stimulus on the way (and more debt along with it) the Fed will need to step up and do their part. If they don't and keep reducing liquidity into that it could cause a liquidity event which definitely could impact metals negatively by proxy of a less negative real yield on treasuries. I think this week is quite pivotal with a Fed meeting and fiscal stimulus continuation deadlines all looming. There's a lot of kindling there that could bring out the metals bulls or bears.Ad Orientem wrote: ↑Mon Jul 27, 2020 3:12 pmpmward wrote: ↑Mon Jul 27, 2020 12:18 pm Well how about that? New gold all-time highs.I wasn't planning to log back in here until after the election was over and the political debates died down. Alas, I felt like there is no better place to celebrate the new all-time highs than here. Can we actually clear that psychological 2k level???
Pure speculation here... but in the near term I expect gold to continue to move up before pausing for consolidation around the $2k mark. In the intermediate term I I am bullish on gold and expect it to continue to outperform as long as the government is running insane deficits, suppressing interest rates in the bond market, printing money like water and using much of that newly printed money to buy its own bonds. In the near term silver will likely outperform gold due to the still wide, but narrowing, gap in the silver gold price ratio as well as declining production coupled with increased industrial demand. Long term, silver prices will overshoot (it's one of the constants of history) and then correct downward.
If these things all go smoothly, I do think gold will continue it's recent pattern of consolidating for a few months, then breaking out, then consolidating, then breaking out. I wouldn't be surprised either to see a consolidation or a pullback start anytime between now and 2k. It's probably not a bad time to rebalance if someone is over a rebalancing band. SLV is a bit harder to judge, as it relies also on industry. But copper has been led silver up, so that is a very promising sign on the industrial front. I wouldn't personally make any new SLV purchases at these price levels, but it is a good dip buy candidate to watch.
- Ad Orientem
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Re: The GOLD scream room
And gold up another 2% today. New nominal record of $1937/oz.
- Ad Orientem
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Re: The GOLD scream room
Now $1955. And silver just blew through $25/oz.
- I Shrugged
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Re: The GOLD scream room
I wish we had like buttons here.
Anyway, like like like like like like....
Anyway, like like like like like like....
Re: The GOLD scream room
Please, please, please post this in the Knuckleheads forum.
MM
Ruby on Rails rules all
www.allterraininvesting.com
Ruby on Rails rules all
www.allterraininvesting.com
- Ad Orientem
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Re: The GOLD scream room
LOL. I love how the GIF text is the same as what the previous guy posted.
MM
Ruby on Rails rules all
www.allterraininvesting.com
Ruby on Rails rules all
www.allterraininvesting.com
Re: The GOLD scream room
https://www.bogleheads.org/forum/viewto ... 0#p5397560
Unfortunately, a buzzkill admin removed the displayed GIF and replaced it with a link. Typical tight-ass Knuckleheads.
- buddtholomew
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Re: The GOLD scream room
Has anyone decided to harvest some gains in Gold?
I’m well within bands but seems a reasonable time to ring the register.
I know it’s against the rules to mention such things but interested in others thought processes at this time.
With all assets performing so well and cash at optimal level already am I best served to just sit tight.
Difficult for me not to advance and protect by selling a bit to cash.
I’m well within bands but seems a reasonable time to ring the register.
I know it’s against the rules to mention such things but interested in others thought processes at this time.
With all assets performing so well and cash at optimal level already am I best served to just sit tight.
Difficult for me not to advance and protect by selling a bit to cash.
Last edited by buddtholomew on Tue Jul 28, 2020 11:06 am, edited 1 time in total.
- Cortopassi
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Re: The GOLD scream room
Silver is close to hitting the 140% band for me. Gold is not close. I will rebalance if silver hits. Not early.
- dualstow
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Re: The GOLD scream room
I definitely would harvest but I'm underweight in gold if I look at (pp+pv), and I'm down to physical only.
You could say I don't have a proper pp anymore. I'm keeping all my coins unless the value gets outrageous.
But again, if I were still holding IAU or PHYS, I'm sure I'd be hitting those rebalancing bands.
- Cortopassi
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Re: The GOLD scream room
Are you sure? Everything has been going up, so I am way far away from any rebalance bands for bonds, stocks and gold, except for silver.
Here's my allocations vs. limits
- dualstow
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Re: The GOLD scream room
That’s a good point, Corto. I was looking at gold in a vacuum. I’m not sure after all.
Downgrade it to “I’d be tempted to trim.” Which I guess is what I already did very recently when I unloaded all my paper gold. I wanted to get rid of it.
Downgrade it to “I’d be tempted to trim.” Which I guess is what I already did very recently when I unloaded all my paper gold. I wanted to get rid of it.
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Re: The GOLD scream room
My dear wife, who pays little to no attention to anything investment related, looked up from her phone last night and asked "What's going on with gold?"
Might be an indication of... something. Y'all have been warned!
Might be an indication of... something. Y'all have been warned!
- Mark Leavy
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Re: The GOLD scream room
Much like tech stocks, I'm a bit overweight on gold right now.
This may be a mistake, but I have a hard time selling gold during a period of rising uncertainty. Gold seems like the one solid anchor of sanity in a crazy world right now. I'm going to let it ride.
Re: The GOLD scream room
Gold is still cheaper than both stocks and bonds relatively speaking. I don't sell my stocks or bonds the day they hit a new all-time high. I'm certainly not going to do that on gold, especially when I believe gold will be the winner out of the 3 in the 2020's. Has the popular media and robinhood traders jumped on the gold bandwagon in the last week and a half? Absolutely. But it takes more than a week and a half to form a blowoff top. Also, blowoff tops don't finish at the first all-time high in 9 years. That long of a consolidation tends to lead to much, much higher prices before a major peak. At some point gold will correct. I wouldn't be surprised to see it take a pause and consolidate and/or pullback around here before the next leg higher. But I would also be willing to bet that a year from now gold will be higher than it is today. I would also be willing to bet that a few years from now I would be willing to give my left arm to buy gold at today's prices. It's obviously not going to just go up in a straight line to that point. There will be drama, bumps, and bruises along the way. But the bottom line is gold is going higher. I don't think now is the time to sell gold before actually hitting a rebalancing band.
- mathjak107
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Re: The GOLD scream room
while all that counts is how you were effected and how much money was acted on over that time frame :
gold is now beating a total market fund and the s&p 500 with dividends over the:
ytd , 1 year , 3 year , 5 year , 15 year and 20 year periods .
equities is now only a head the 10 year ...
gold is now beating a total market fund and the s&p 500 with dividends over the:
ytd , 1 year , 3 year , 5 year , 15 year and 20 year periods .
equities is now only a head the 10 year ...
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Re: The GOLD scream room
<bogle>Yes, but you still can't eat it!</bogle>mathjak107 wrote: ↑Wed Jul 29, 2020 5:20 am while all that counts is how you were effected and how much money was acted on over that time frame :
gold is now beating a total market fund and the s&p 500 with dividends over the:
ytd , 1 year , 3 year , 5 year , 15 year and 20 year periods .
equities is now only a head the 10 year ...