Gyroscopic Investing

Fed was interpreted as dovish

http://www.kitco.com/commentaries/2018- ... ourse.html

It's working today, budd!!!

Sure is!

I guess...
Gold closed at the lows + 1.3 with the S&P down 2.1%. TLT was down so nothing magical.
70/30 allocation is bruised but to be expected. After today, both 70/30 and PP should be down about the same YTD.

Classic, budd. I spoke too soon while the stocks loss was smaller. But corto is also right on: gold is still tops on the YTD (and has been the 3mo leader all month).

Mr Vacuum wrote:Classic, budd. I spoke too soon while the stocks loss was smaller. But corto is also right on: gold is still tops on the YTD (and has been the 3mo leader all month).

I can’t let the team down now
The benefits of holding a PP over an equity-centric portfolio are becoming much more evident as my variant of the PP is 1/5 the volatility of the 70/30 over the last couple days.

buddtholomew wrote:

Mr Vacuum wrote:Classic, budd. I spoke too soon while the stocks loss was smaller. But corto is also right on: gold is still tops on the YTD (and has been the 3mo leader all month).

I can’t let the team down now
The benefits of holding a PP over an equity-centric portfolio are becoming much more evident as my variant of the PP is 1/5 the volatility of the 70/30 over the last couple days.

Glad to hear that you are finally seeing some benefits!

Libertarian666 wrote: Glad to hear that you are finally seeing some benefits!

Just wait a little. :-)

Doesn't warrant its own thread, but here's an opinion piece from the WSJ on metal tariffs, gold and fiat money. (Really the latter two).
I am not for or against it; just think of me as a bot responsible for bringing gold-related articles here.
I made an archive so you should be able to read it without a subscription.

http://archive.is/d3eES

So sad, but expected for sure.

Just a little happy screaming here...

Well, SO glad the latest WWIII crisis has been averted...at least until tomorrow.

What an amazing change in volatility 2018 has brought.

That’s the PP for you.
Gold and Treasuries selling off post false positive crisis.
I feel even more confident holding a higher percentage in equities.

Schwab just published a note to clients suggesting as much as 9% of a portfolio could be devoted to gold. I've never heard that from them before.

ochotona wrote:Schwab just published a note to clients suggesting as much as 9% of a portfolio could be devoted to gold. I've never heard that from them before.

Did they give a reason for that (maximum) percentage?

dualstow wrote:

ochotona wrote:Schwab just published a note to clients suggesting as much as 9% of a portfolio could be devoted to gold. I've never heard that from them before.

Did they give a reason for that (maximum) percentage?

No reason given. Here's the article:

https://www.schwab.com/resource-center/ ... cmp=em-QYD

dualstow wrote:

ochotona wrote:Schwab just published a note to clients suggesting as much as 9% of a portfolio could be devoted to gold. I've never heard that from them before.

Did they give a reason for that (maximum) percentage?

It's less than 10%?

9% is huge for Schwab

Yeah, it does seem large for Schwab. I've never used them, but I grew up knowing who Charles Schwab was and just associate them with stocks.

Buy the dip?

Jesse Felder is talking about gold on his podcast. I'm looking forward to hearing it.

https://thefelderreport.com/2018/05/08/ ... licy-gold/

Desert wrote: ↑Tue May 08, 2018 9:52 pm

ochotona wrote: ↑Thu Apr 19, 2018 5:00 pm 9% is huge for Schwab

I wonder if it would be ok to round up to 10%.....

It’s actually 9.99% pure Au

Desert wrote: ↑Wed May 09, 2018 8:46 pm

buddtholomew wrote: ↑Wed May 09, 2018 12:33 pm

Desert wrote: ↑Tue May 08, 2018 9:52 pm

I wonder if it would be ok to round up to 10%.....

It’s actually 9.99% pure Au

Mine's 99 44/100% pure.

Honest to God, I don't even remember this conversation, but I logged it in Facebook on 5/7/2011

"About a week or two ago I told a young fellow that silver was going hyperbolic, to sell his silver holdings. I don't think he listened to me."

I am officially past gold. Silly cliff dive charts like this don't even bother me anymore. It's just another asset.