First DOWN year for gold since year 2000
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- buddtholomew
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Re: First DOWN year for gold since year 2000
Dragoncar, so much for the slow drift downward and gold's follow-through...
"The first principle is that you must not fool yourself and you are the easiest person to fool" --Feynman.
Re: First DOWN year for gold since year 2000
Stoopid gold...
Re: First DOWN year for gold since year 2000
Gold's gyrations are making me dizzy. All the "so called smart guys" are predicting a hard drop in gold before bottoming and starting back up. Who do you believe?
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Re: First DOWN year for gold since year 2000
I believe two things:portart wrote: Gold's gyrations are making me dizzy. All the "so called smart guys" are predicting a hard drop in gold before bottoming and starting back up. Who do you believe?
1. No one knows what is going to happen
2. However, if anyone did know, they wouldn't make it public.
Re: First DOWN year for gold since year 2000
There is one thing I do know for sure. Things drop faster then they go up. Getting gold back up to $1900 an oz won't be overnight barring an unseen major currency black swan event which is why we hold the gold in the first place.
Re: First DOWN year for gold since year 2000
Over the last five years, gold went up faster than it dropped.portart wrote: There is one thing I do know for sure. Things drop faster then they go up. Getting gold back up to $1900 an oz won't be overnight barring an unseen major currency black swan event which is why we hold the gold in the first place.

Are there any other things you know for sure?

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A: “Not unless round is funny.”
Re: First DOWN year for gold since year 2000
I would welcome being wrong on this one. A two hundred point melt up would warm my heart.
Re: First DOWN year for gold since year 2000
Hi,
I am a bad luck guy, the year I started PP, it makes a negative year
Regards
[img width=600 height=360]http://shadyboules.files.wordpress.com/ ... d-luck.png[/img]
I am a bad luck guy, the year I started PP, it makes a negative year

Regards
[img width=600 height=360]http://shadyboules.files.wordpress.com/ ... d-luck.png[/img]
Last edited by frugal on Sat Dec 28, 2013 11:00 pm, edited 1 time in total.
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- Pointedstick
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Re: First DOWN year for gold since year 2000
At least you chose a portfolio whose down year is like -3%. You could have gone all into gold and been down 30%.
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Re: First DOWN year for gold since year 2000
Take heart, frugal. That's only one year. The problem with us primates is that things don't move quickly enough as we stare at our portfolios. It's like watching a river carve a canyon or a mountain being made- doesn't quite match up with our sense of time. Hang in there.frugal wrote: Hi,
I am a bad luck guy, the year I started PP, it makes a negative year
Regards
http://shadyboules.files.wordpress.com/ ... d-luck.png
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Re: First DOWN year for gold since year 2000
The PP way is the acceptance of return of the four assets. It prevents the double gain in a year or the cut in half lossed in year, choose your poison. The purpose of the VP is to play the death march up and down without sinking the ship and losing sleep which REALLY SUCKS. I will literally adapt any strategy that protects my weatlh without disturbing my peace of mind. If your greedy, you better know yourself because when your whole life's portfolio goes down 40%, you find out how tough your stomach lining really is.