The GOLD scream room

Discussion of the Gold portion of the Permanent Portfolio

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buddtholomew
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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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Ad Orientem
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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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pariah — 1610s member of a low caste in S. India; Tamil (Dravidian) “drummer”, as members of the lowest caste played drums at festivals. “social outcast,” 1819.
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mathjak107
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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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Cortopassi
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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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mathjak107
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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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drumminj
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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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Re: The GOLD scream room

Post by mathjak107 » Wed Aug 12, 2020 2:21 am

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
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Re: The GOLD scream room

Post by buddtholomew » Wed Aug 12, 2020 9:24 am

Kitco site is down so don’t freak out.
Gold is up 1+% at the moment and Silver +2.4%
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Re: The GOLD scream room

Post by pugchief » 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?
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