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Re: Gold to bounce soon?

Posted: Sun Aug 19, 2018 11:52 am
by buddtholomew
Cortopassi wrote:
Sat Aug 18, 2018 9:38 pm
I don't need a double, what I would like to see on a reasonably alternating basis is an asset leading for one year to pull gains out and rebalance into laggards. Back and forth, back and forth while the overall trajectory is up and to the right.

Problem for a while here has been gold hasn't been in take profits mode for a yearly rebalance, it has been a laggard.
Yes; in a perfect world each of the 3 assets would follow the scenario outlined above. I don’t personally buy into the agnostic 4x25 allocation anymore. Why would you when stocks rise 70% of the time? I’ll hold enough gold and LTT’s to buoy the portfolio in times of inflation/deflation, knowing full well that any gains in these assets will go back into stocks for further potential gains.

I’m done taking gold personally and as Sophie said it will be there when you need it.

Re: Gold to bounce soon?

Posted: Sun Aug 19, 2018 8:16 pm
by Cortopassi
buddtholomew wrote:
Sun Aug 19, 2018 11:52 am
I’m done taking gold personally and as Sophie said it will be there when you need it.
Yeah, pretty much me too.

Re: Gold to bounce soon?

Posted: Thu Aug 23, 2018 12:55 pm
by dualstow
I nibbled today.

Re: Gold to bounce soon?

Posted: Thu Aug 23, 2018 1:09 pm
by buddtholomew
dualstow wrote:
Thu Aug 23, 2018 12:55 pm
I nibbled today.
I’m buying EEM instead; we’re both in the same boat waiting for the USD to drop.
Good luck DS!

Re: Gold to bounce soon?

Posted: Thu Aug 23, 2018 1:22 pm
by dualstow
Same to you.

Re: Gold to bounce soon?

Posted: Thu Aug 23, 2018 8:35 pm
by whatchamacallit
Nice chart in article. Indicates good time to buy commodities which includes gold.

https://www.marketwatch.com/story/timin ... 2018-08-23


But when I compare years to gold price it makes me wonder if it is 1986 buy instead of a 1998 buy.

https://goldprice.org/gold-price-history.html

Re: Gold to bounce soon?

Posted: Thu Aug 23, 2018 10:02 pm
by Cortopassi
whatchamacallit wrote:
Thu Aug 23, 2018 8:35 pm
Nice chart in article. Indicates good time to buy commodities which includes gold.

https://www.marketwatch.com/story/timin ... 2018-08-23


But when I compare years to gold price it makes me wonder if it is 1986 buy instead of a 1998 buy.

https://goldprice.org/gold-price-history.html
Or the broader market is just too expensive and ready for a drop.

Re: Gold to bounce soon?

Posted: Fri Aug 24, 2018 3:20 pm
by buddtholomew
buddtholomew wrote:
Thu Aug 23, 2018 1:09 pm
dualstow wrote:
Thu Aug 23, 2018 12:55 pm
I nibbled today.
I’m buying EEM instead; we’re both in the same boat waiting for the USD to drop.
Good luck DS!
Don’t get any ideas DS O0

Re: Gold to bounce soon?

Posted: Sat Aug 25, 2018 10:36 am
by hardlawjockey
buddtholomew wrote:
Thu Aug 23, 2018 1:09 pm
dualstow wrote:
Thu Aug 23, 2018 12:55 pm
I nibbled today.
I’m buying EEM instead; we’re both in the same boat waiting for the USD to drop.
Good luck DS!
Did the USD just drop? Was watching Fox Business and noticed in the ticker that gold was up $20 at the time. Strangely, stocks were also up and setting all time highs, and bond yields were down slightly. Must have been a good day for the PP. I'm keeping my resolution to only look at my portfolio at re-balance time once a year but it probably would have been a good day to look.

Re: Gold to bounce soon?

Posted: Sun Aug 26, 2018 5:58 pm
by ochotona
Jesse Felder podcast and gold is discussed quite a bit:

https://www.theinvestorspodcast.com/epi ... llar-more/

Re: Gold to bounce soon?

Posted: Thu Aug 30, 2018 10:09 pm
by ochotona
FWIW, Recognia Chart Tools @ Schwab says GLD support is at $ 113.07, which is about like gold $ 1196.60. So when my cash hits Lively HSA, I'm going to put in a limit buy order for GLDM at TD Ameritrade.

Recognia is a pattern recognition program. At least it's unbiased, it's not just some person's opinion based on who knows what. It'll be right, until it's not.

Re: Gold to bounce soon?

Posted: Fri Sep 21, 2018 10:08 am
by buddtholomew
Useless as ever...
Not worth holding at all.
I’m such an idiot!

Re: Gold to bounce soon?

Posted: Fri Sep 21, 2018 2:23 pm
by dualstow
buddtholomew wrote:
Fri Sep 21, 2018 10:08 am
Useless as ever...
Not worth holding at all.
I’m such an idiot!
A few syllables off from a perfect haiku.

Re: Gold to bounce soon?

Posted: Fri Sep 21, 2018 3:01 pm
by buddtholomew
dualstow wrote:
Fri Sep 21, 2018 2:23 pm
buddtholomew wrote:
Fri Sep 21, 2018 10:08 am
Useless as ever...
Not worth holding at all.
I’m such an idiot!
A few syllables off from a perfect haiku.
Au, useless as ever
Not worth holding any at all
I’m such an idiot!

Better?

Re: Gold to bounce soon?

Posted: Fri Sep 21, 2018 3:47 pm
by dualstow
O0
Barbarous relic/
why do I even hold thee/
autumn depression

Re: Gold to bounce soon?

Posted: Fri Sep 21, 2018 5:01 pm
by buddtholomew
dualstow wrote:
Fri Sep 21, 2018 3:47 pm
O0
Barbarous relic/
why do I even hold thee/
autumn depression
I obviously suck...nice DS!

Re: Gold to bounce soon?

Posted: Fri Sep 21, 2018 10:31 pm
by Kriegsspiel
I steal all of it
I don't give a fuck, I'm a
ma'fucking pirate

This shit is yellow
I can hold it in my teeth...
Avast! Land, I blow

Re: Gold to bounce soon?

Posted: Sat Sep 22, 2018 6:59 am
by ochotona
Atomic number 79
Bright and malleable
Bitter investor tears

Re: Gold to bounce soon?

Posted: Sat Sep 22, 2018 9:32 am
by dualstow
Use 5/7/5 like kriegs.

Re: Gold to bounce soon?

Posted: Sat Sep 22, 2018 10:21 am
by Kbg
Bright, shiny as the noon sun

Real returns no, none

Non correlated, perhaps

Re: Gold to bounce soon?

Posted: Sun Sep 23, 2018 8:11 am
by eufo
Unmistakeable color
Solid feel in hand
I will never let you go

Re: Gold to bounce soon?

Posted: Sun Sep 23, 2018 8:34 am
by ochotona
Since Biblical times
Respected store of value
Herpes is better

Re: Gold to bounce soon?

Posted: Sun Sep 23, 2018 10:22 am
by buddtholomew
A good paper weight
Foolish are we who hold thee
For anything else

Re: Gold to bounce soon?

Posted: Sun Sep 23, 2018 11:23 am
by dualstow
Not bad, Budd.
ochotona wrote:
Sun Sep 23, 2018 8:34 am
Herpes is better
[RECORD SCRATCH]
Wait, what??

Re: Gold to bounce soon?

Posted: Sun Sep 23, 2018 3:50 pm
by goodasgold
Glorious relic
Naysayers again endure
Those printingpress blues

P.S. Hello all: Couldn't pass up this chance to express poetic license. My first post in 2 years, as I have been traveling this marvelous continent in an RV. I write to you from lovely Ketchum, Idaho. - Goodasgold