Gyroscopic Investing

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 ..

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

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.

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.

Libertarian666 wrote: ↑

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.

the reality is today volatility is greater on all investments ... things move fast and furious both up and down ....

especial;ly in the pp when assets can move together and act like very very high equity positions .

for a daily drop the fall yesterday in the pp is my 2nd biggest in dollars to date .

but because i had cut the position in half and it still fell so much it may actually now be on a dollars down vs dollars invested basis the worst drop i have had in one day . i think 52k was my worst day with the insight models

Kitco site is down so don’t freak out.
Gold is up 1+% at the moment and Silver +2.4%

Okay, so I have an interesting dilemma: Dentists accumulate scrap metal during the course of business and I have held it waiting for higher metal prices. Now that gold and silver are way up, I sent in a bunch for processing. They have given me the choice of tomorrow's spot prices (8/13), or the spot pricing on the day the assaying is complete (approx 7-10 days from now). Any advice which I should choose?

pugchief wrote: ↑

Wed Aug 12, 2020 2:41 pm

Okay, so I have an interesting dilemma: Dentists accumulate scrap metal during the course of business and I have held it waiting for higher metal prices. Now that gold and silver are way up, I sent in a bunch for processing. They have given me the choice of tomorrow's spot prices (8/13), or the spot pricing on the day the assaying is complete (approx 7-10 days from now). Any advice which I should choose?

I want my fillings back!

Ad Orientem wrote: ↑

Wed Aug 12, 2020 3:03 pm

pugchief wrote: ↑

Wed Aug 12, 2020 2:41 pm

Okay, so I have an interesting dilemma: Dentists accumulate scrap metal during the course of business and I have held it waiting for higher metal prices. Now that gold and silver are way up, I sent in a bunch for processing. They have given me the choice of tomorrow's spot prices (8/13), or the spot pricing on the day the assaying is complete (approx 7-10 days from now). Any advice which I should choose?

I want my fillings back!

No problem. But do you want them back tomorrow or 7-10 days from now?

pugchief wrote: ↑

Wed Aug 12, 2020 3:30 pm

Ad Orientem wrote: ↑

Wed Aug 12, 2020 3:03 pm

pugchief wrote: ↑

Wed Aug 12, 2020 2:41 pm

Okay, so I have an interesting dilemma: Dentists accumulate scrap metal during the course of business and I have held it waiting for higher metal prices. Now that gold and silver are way up, I sent in a bunch for processing. They have given me the choice of tomorrow's spot prices (8/13), or the spot pricing on the day the assaying is complete (approx 7-10 days from now). Any advice which I should choose?

I want my fillings back!

No problem. But do you want them back tomorrow or 7-10 days from now?

Looks like the hemorrhaging has slowed and gold may be getting support around $1900 and silver around $25.

pugchief wrote: ↑

Wed Aug 12, 2020 2:41 pm

Okay, so I have an interesting dilemma: Dentists accumulate scrap metal during the course of business and I have held it waiting for higher metal prices. Now that gold and silver are way up, I sent in a bunch for processing. They have given me the choice of tomorrow's spot prices (8/13), or the spot pricing on the day the assaying is complete (approx 7-10 days from now). Any advice which I should choose?

Bird in the hand...tomorrow.

Cortopassi wrote: ↑

Wed Aug 12, 2020 9:40 pm

pugchief wrote: ↑

Wed Aug 12, 2020 2:41 pm

Okay, so I have an interesting dilemma: Dentists accumulate scrap metal during the course of business and I have held it waiting for higher metal prices. Now that gold and silver are way up, I sent in a bunch for processing. They have given me the choice of tomorrow's spot prices (8/13), or the spot pricing on the day the assaying is complete (approx 7-10 days from now). Any advice which I should choose?

Bird in the hand...tomorrow.

And that is what I told them earlier this morning. Since gold futures are up.

pugchief wrote: ↑

Thu Aug 13, 2020 6:39 am

Cortopassi wrote: ↑

Wed Aug 12, 2020 9:40 pm

pugchief wrote: ↑

Wed Aug 12, 2020 2:41 pm

Okay, so I have an interesting dilemma: Dentists accumulate scrap metal during the course of business and I have held it waiting for higher metal prices. Now that gold and silver are way up, I sent in a bunch for processing. They have given me the choice of tomorrow's spot prices (8/13), or the spot pricing on the day the assaying is complete (approx 7-10 days from now). Any advice which I should choose?

Bird in the hand...tomorrow.

And that is what I told them earlier this morning. Since gold futures are up.

You don't have to answer, but after a career (??) of collecting scraps, how many ounces are we talking? Just curious.

Cortopassi wrote: ↑

Thu Aug 13, 2020 8:39 am

pugchief wrote: ↑

Thu Aug 13, 2020 6:39 am

Cortopassi wrote: ↑

Wed Aug 12, 2020 9:40 pm

pugchief wrote: ↑

Wed Aug 12, 2020 2:41 pm

Okay, so I have an interesting dilemma: Dentists accumulate scrap metal during the course of business and I have held it waiting for higher metal prices. Now that gold and silver are way up, I sent in a bunch for processing. They have given me the choice of tomorrow's spot prices (8/13), or the spot pricing on the day the assaying is complete (approx 7-10 days from now). Any advice which I should choose?

Bird in the hand...tomorrow.

And that is what I told them earlier this morning. Since gold futures are up.

You don't have to answer, but after a career (??) of collecting scraps, how many ounces are we talking? Just curious.

I haven't gotten the report back yet, but I'll let you know. It felt very heavy (2 lbs?) when i put it in the box, but the bulk of that is garbage that has no value. I have been collecting this particular pile for around 10 years.