The GOLD scream room
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- mathjak107
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Re: The GOLD scream room
Crazy how a gold rally in the morning ended up down by the close
- buddtholomew
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Re: The GOLD scream room
2nd day in a row...sold some IAU @ 17.79 this morning - bird in the hand and all...was 40/15/0/45 and now 35/12.5/0/52.5 stocks/gold/bonds/cash.
Been reducing allocation to stocks for several weeks now.
Been reducing allocation to stocks for several weeks now.
- mathjak107
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Re: The GOLD scream room
Same , I am very close to 100% pp which is rare for me as well as an almost 50% cash position ...but I don’t like what I am seeing ..better safe than sorry. Although with the pounding gold and tlt have been getting I am not sure if anything is going to hold up well
Re: The GOLD scream room
Only buy gold when it's cheap and you'll always be happy.
I define cheap as:
GSR under 70
S&P to gold over 1.7
Both are true right now.
I define cheap as:
GSR under 70
S&P to gold over 1.7
Both are true right now.
Re: The GOLD scream room
GLD is now below the 10 month MA too (SMA200 it already passed). The ones that rebalance to cash in such conditions - will you do so now or will you wait for the "Last kiss" pattern to form ? Just asking out of curiosity ..
- Kriegsspiel
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- Cortopassi
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Re: The GOLD scream room
Just in case all you "dumb" money people forgot, there is nothing that ever goes up all the time, except stocks! Screw this pp thing. I am going 100% stocks!
Re: The GOLD scream room
Agree on PP. I will become TIPS investor (TIPS are cool and heard they are expected to be even more cool this year )Cortopassi wrote: ↑Tue Feb 02, 2021 2:46 pmthere is nothing that ever goes up all the time, except stocks! Screw this pp thing. I am going 100% stocks!
- mathjak107
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Re: The GOLD scream room
Which means odds are inflation fears were over done and tips get stuck holding the hot potato.
Any time we think we got it figured out stuff we didn’t plan on alters that course .
We have had trillions and trillions pumped into the economy since 2008 and this is as high as inflation got .....pretty pathetic when you think about how much was was pumped in and was unprecedented
Any time we think we got it figured out stuff we didn’t plan on alters that course .
We have had trillions and trillions pumped into the economy since 2008 and this is as high as inflation got .....pretty pathetic when you think about how much was was pumped in and was unprecedented
- dualstow
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Re: The GOLD scream room
My edit:
mathjak107 wrote: ↑Tue Feb 02, 2021 3:28 pmWhich means odds are inflation fears were over done and tipsBogleheads holding TIPS get stuck holding the hot potato.
...
RIP Marcello Gandini
Re: The GOLD scream room
You know I still have difficulties assimilating what a trillion USD mean.. I think it was pmward explaining the magnitude of it (giving the example of trillion seconds that equal 31709 years....)mathjak107 wrote: ↑Tue Feb 02, 2021 3:28 pmWe have had trillions and trillions pumped into the economy
- Cortopassi
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Re: The GOLD scream room
100 trillion :-)
Re: The GOLD scream room
Haha, thanks, visual representation makes it easier...
Personally, I'd rather imagine that there is some programmer somewhere and he is instructed to utilize the shift left (<<) operator, that's well known from several programming languages as the fastest way to multiply a number with 2^n (where n is the number voted by Congress).
Re: The GOLD scream room
-0.74% in USD, -1.29% in EUR (as USD is rising). How long should we wait
- Kriegsspiel
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Re: The GOLD scream room
Krieg, sorry, guess was not clear, I am joking.
Btw, if I can recall (think was in Craig's book) PP did not do that bad even without rebalancing..
- buddtholomew
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Re: The GOLD scream room
Buying some IAU @ 17 now.
Out at 17.79 and in at 17.02
Out at 17.79 and in at 17.02
- Cortopassi
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Re: The GOLD scream room
Ahh, gold, the asset I continue to love to hate.
Buy stocks! Gold sucks!
Buy stocks! Gold sucks!
- buddtholomew
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Re: The GOLD scream room
For me, it’s having more stocks than gold that allows me to stay with my precious metals allocation.Cortopassi wrote: ↑Thu Feb 04, 2021 10:47 amAhh, gold, the asset I continue to love to hate.
Buy stocks! Gold sucks!
Re: The GOLD scream room
Is there an explanation why gold fell 2.5% today?
- Cortopassi
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Re: The GOLD scream room
About the same reason why Nasdaq and Dow just keep going up, I guess.
The answer can come in many forms, but the real answer is I Don't Know.
What we do know is when this happens, people usually pile on for a spell, so expect lower.
mathjak is pretty good at timing these. I wouldn't be.
The answer can come in many forms, but the real answer is I Don't Know.
What we do know is when this happens, people usually pile on for a spell, so expect lower.
mathjak is pretty good at timing these. I wouldn't be.
Re: The GOLD scream room
When gold's price drops sharply, it's because one of us recently bought a lot of it.
When gold's price jumps sharply, it's because one of us recently sold a lot of it.
The gold market's movements make a lot more sense when viewed through that explanatory lens.
When gold's price jumps sharply, it's because one of us recently sold a lot of it.
The gold market's movements make a lot more sense when viewed through that explanatory lens.
- dualstow
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