Gyroscopic Investing

PMs are starting to look a bit frothy. Gold is closing in on $2100 and silver is within spitting distance of $30/oz. My gut says things are moving too fast and we may see a correction soon.

Uncertainty in the world has been moving pretty fast for months. Maybe PMs are just starting to catch up?

Looks like we're seeing some profit taking today with a pullback in the price of metals across the board.

Hold on to yer gold, guys!

Massive sunspot is turning towards Earth this can result in major solar flares that can effect electrical systems
These sunspots occur on the photosphere region of the sun and can be huge in size - up to 50,000 kilometres in diameter

https://www.firstpost.com/tech/science/ ... 1.html/amp

I just bought a big chunk of gold (and stocks and LTTs) today when I rebalanced out of cash, so that’s why gold and everything else dropped today.

Sorry about that, guys.

Has anyone else noticed that gold did not go up by $100/oz today?
What's up with that?

Tech, Smith? What have you been doing all day?
Slackers.

Mark

I held down F5 but the USD value kept going down. Maybe I should switch to View > Refresh tomorrow and see if that helps.

Smith1776 wrote: ↑Fri Aug 07, 2020 12:42 pm Hold on to yer gold, guys!

Massive sunspot is turning towards Earth this can result in major solar flares that can effect electrical systems
These sunspots occur on the photosphere region of the sun and can be huge in size - up to 50,000 kilometres in diameter

https://www.firstpost.com/tech/science/ ... 1.html/amp

Here's an interesting read
https://www.researchgate.net/publicatio ... rm_of_1859

Hal wrote: ↑Fri Aug 07, 2020 4:54 pm Here's an interesting read
https://www.researchgate.net/publicatio ... rm_of_1859

How much do you want to bet that if we send this to Peter Schiff he'll talk about it on his next podcast about why people should buy gold?

Mark Leavy wrote: ↑Fri Aug 07, 2020 2:32 pm Has anyone else noticed that gold did not go up by $100/oz today?
What's up with that?

Tech, Smith? What have you been doing all day?
Slackers.

Mark

Sorry boss, we'll try to do better tomorrow!

Hal wrote: ↑Fri Aug 07, 2020 4:54 pm

Smith1776 wrote: ↑Fri Aug 07, 2020 12:42 pm Hold on to yer gold, guys!

Massive sunspot is turning towards Earth this can result in major solar flares that can effect electrical systems
These sunspots occur on the photosphere region of the sun and can be huge in size - up to 50,000 kilometres in diameter

https://www.firstpost.com/tech/science/ ... 1.html/amp

Here's an interesting read
https://www.researchgate.net/publicatio ... rm_of_1859

I suspect the effects would be a bit more important if that happened this year.
Which I guess we should expect, given the rest of the insanity.

Libertarian666 wrote: ↑Fri Aug 07, 2020 5:27 pm Sorry boss, we'll try to do better tomorrow!

That's what I wanted to hear.
You're in charge of the floor, Tech.

Should you go short when the media says go long?

https://www.investmentnews.com/should-y ... ntnews.com

He doesn’t get a lot of love here and maybe he’s just trying to drum up business, but I like the headline.

https://www.marketwatch.com/story/gold- ... 2020-08-06

Gold rising to $4,000 an ounce ‘would not be an unreasonable move,’ fund manager says

{ Cuggino of PRPFX }

A few interesting pieces from Kitco...

Mohamed A. El-Erian: Gold is starting to take the place of big tech -
https://www.kitco.com/news/2020-08-09/G ... Erian.html

TD Securities prefers silver over gold-
https://www.kitco.com/news/2020-08-10/S ... ities.html

LBMA clears Perth Mint of serious wrongdoing in sourcing gold-
https://www.kitco.com/news/2020-08-10/L ... -gold.html

Yikes!
Guess I’ll be adding back to Gold today.
Bought back at IAU 18.61

i added some back too . i had halved my investment in the pp ....

buddtholomew wrote: ↑Tue Aug 11, 2020 8:13 am Yikes!
Guess I’ll be adding back to Gold today.
Bought back at IAU 18.61

Still timing the market? :-)

How kind of the markets to rebalance my portfolio by selling off gold so I don't have to.

Ugly_Bird wrote: ↑Tue Aug 11, 2020 10:26 am

buddtholomew wrote: ↑Tue Aug 11, 2020 8:13 am Yikes!
Guess I’ll be adding back to Gold today.
Bought back at IAU 18.61

Still timing the market? :-)

Around the edges, makes me feel like a useful engine.

Ouch. Sometimes I hate being right.

https://gyroscopicinvesting.com/forum/v ... 92#p202698

Tyler wrote: ↑Tue Aug 11, 2020 10:28 am How kind of the markets to rebalance my portfolio by selling off gold so I don't have to.

Don't spend your profits all in one place.

phew , talk about volatility ......

Glad I rebalanced last week and took some profit, I don't think my PP has seen such a large one day swing %-wise ever?

I had cut my holdings in half about a week or two ago .......

I had a very uncomfortable feeling about all assets in the pp ......it was like investors were punch drunk .


I started to add some back today ...I couldn’t resist .....today was a killer drop on even the half that was left exceeding 35k ..to think if I didn’t cut back it would have been 70k is insane ..