The GOLD scream room

[boglerdude]

> I’ll see you in the Daily Check-in thread?

Imagine thinking you can stop vinny

content: "Central banks continued to accumulate gold at a record pace,” the ECB wrote. Central bank gold reserves, which peaked at 38,000 tonnes in the mid-1960s, rebounded ito 36,000 tons in 2024. “Central banks worldwide now hold almost as much gold as they did in 1965”

content edit1 https://yuribezmenov.substack.com/p/bid ... uci-nuland

[flyingpylon]

> I’ll see you in the Daily Check-in thread?

Imagine thinking you can stop vinny

"You can't stop him, you can only hope to contain him."
- Dan Patrick, ESPN

[dualstow]

[dualstow]

Huge drop

[Ugly_Bird]

The gold portion of my 4xHBPP is still hanging around 30%.
Just thinking if I should rebalance now and not wait for it to approach my rebalance band at 35%.
Do not want to time the market but do not want to miss the opportunity either.
The Fed's say that they anticipate 3 rate cuts by the end of the year.
How it may affect the cold price?

[mathjak107]

it looks like gold is taking a hit tonight down 34.00 an ounce in the pre market in the first few minutes . not sure where it will be by morning .

[mathjak107]

down 77 an ounce this morning on the russian talks

[Ugly_Bird]

down 77 an ounce this morning on the russian talks

I guess it is better to sit tight, stay the course and keep using PP for protecting myself from myself. :-)

[mathjak107]

i think it’s a good idea , with those huge rate hikes behinds us i think the pp has a lot less risk

[Ugly_Bird]

i think it’s a good idea , with those huge rate hikes behinds us i think the pp has a lot less risk

It is just feels itchy that the opportunity to rebalance from peaking gold could have been missed.
Or maybe not... :-)

[mathjak107]

i know , but why we want to bench mark off a relatively small piece of time is so silly .

we spend 80% of all our vestment time between the old low and old high .

to think we benchmark off a point in time with very small odds of hitting are , just silly .

more typically we will sell in that 80% range.

i have been trading in and out of gld and tlt for 6 months .

it usually goes up after i sell and i end up rebuying lower than i sold . so i ma getting used to it making some new high only to fall back again .

i sold gold last week , it went up 12k more than i sold. only to give it back in two days plus more .

so i bought again yesterday.

but these are very large positions i take as if it falls i dont mind holding them