The GOLD scream room

Discussion of the Gold portion of the Permanent Portfolio

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Smith1776
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Re: The GOLD scream room

Post by Smith1776 » Fri Aug 07, 2020 12:42 pm

Hold on to yer gold, guys! ;D
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
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Tortoise
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Re: The GOLD scream room

Post by Tortoise » Fri Aug 07, 2020 1:47 pm

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.
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Mark Leavy
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Re: The GOLD scream room

Post by Mark Leavy » 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
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buddtholomew
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Re: The GOLD scream room

Post by buddtholomew » Fri Aug 07, 2020 3:08 pm

I held down F5 but the USD value kept going down. Maybe I should switch to View > Refresh tomorrow and see if that helps.
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Hal
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Re: The GOLD scream room

Post by Hal » Fri Aug 07, 2020 4:54 pm

Smith1776 wrote:
Fri Aug 07, 2020 12:42 pm
Hold on to yer gold, guys! ;D
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 8)
https://www.researchgate.net/publicatio ... rm_of_1859
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Smith1776
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Re: The GOLD scream room

Post by Smith1776 » Fri Aug 07, 2020 5:07 pm

Hal wrote:
Fri Aug 07, 2020 4:54 pm
Here's an interesting read 8)
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? O0
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Libertarian666
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Re: The GOLD scream room

Post by Libertarian666 » Fri Aug 07, 2020 5:27 pm

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!
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Re: The GOLD scream room

Post by Libertarian666 » Fri Aug 07, 2020 5:29 pm

Hal wrote:
Fri Aug 07, 2020 4:54 pm
Smith1776 wrote:
Fri Aug 07, 2020 12:42 pm
Hold on to yer gold, guys! ;D
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 8)
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.
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Mark Leavy
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Re: The GOLD scream room

Post by Mark Leavy » Fri Aug 07, 2020 9:09 pm

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.
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Re: The GOLD scream room

Post by vnatale » Fri Aug 07, 2020 10:28 pm

Should you go short when the media says go long?

https://www.investmentnews.com/should-y ... ntnews.com
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Re: The GOLD scream room

Post by dualstow » Sun Aug 09, 2020 4:40 pm

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 }
The annual inflation rate for the United States is 1.4% for the 12 months ended January 2021
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Re: The GOLD scream room

Post by Ad Orientem » Mon Aug 10, 2020 12:52 pm

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
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Re: The GOLD scream room

Post by buddtholomew » Tue Aug 11, 2020 8:13 am

Yikes!
Guess I’ll be adding back to Gold today.
Bought back at IAU 18.61
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Re: The GOLD scream room

Post by mathjak107 » Tue Aug 11, 2020 8:59 am

i added some back too . i had halved my investment in the pp ....
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Ugly_Bird
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Re: The GOLD scream room

Post by Ugly_Bird » 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? :-)
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Tyler
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Re: The GOLD scream room

Post by Tyler » 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. ;D
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Re: The GOLD scream room

Post by buddtholomew » Tue Aug 11, 2020 11:04 am

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.
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Re: The GOLD scream room

Post by Ad Orientem » Tue Aug 11, 2020 1:23 pm

Ouch. Sometimes I hate being right.

https://gyroscopicinvesting.com/forum/v ... 92#p202698
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Re: The GOLD scream room

Post by dualstow » Tue Aug 11, 2020 1:40 pm

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. ;D
Don't spend your profits all in one place. O0
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Re: The GOLD scream room

Post by mathjak107 » Tue Aug 11, 2020 2:19 pm

phew , talk about volatility ......
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Re: The GOLD scream room

Post by Cortopassi » Tue Aug 11, 2020 3:49 pm

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?
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Re: The GOLD scream room

Post by mathjak107 » Tue Aug 11, 2020 5:00 pm

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 ..
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Re: The GOLD scream room

Post by drumminj » Tue Aug 11, 2020 7:10 pm

Cortopassi wrote:
Tue Aug 11, 2020 3:49 pm
I don't think my PP has seen such a large one day swing %-wise ever?
Same. I manually updated my spreadsheet today as a forcing function to keep myself humble next time things are going gangbusters :)
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Re: The GOLD scream room

Post by Libertarian666 » Tue Aug 11, 2020 7:28 pm

mathjak107 wrote:
Tue Aug 11, 2020 5:00 pm
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 ..
If portfolio volatility is a serious issue, I should be the one freaking out, but I'm not.
I'm still way ahead for the year, which is good enough for me.
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Re: The GOLD scream room

Post by Cortopassi » Tue Aug 11, 2020 9:41 pm

I have to slap myself but I actually took a look at GLD and SLV call options today. I have not looked at options for years.

Looks like the beating is continuing tonight. If it continues through morning, I may have to risk a few hundred on a couple 1-2 month out calls. I know I shouldn't, but I need to convince myself I still suck at timing options.
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