Search found 87 matches

by Mike59
Thu Apr 25, 2019 9:01 pm
Forum: Gold
Topic: What's going on with silver?
Replies: 211
Views: 173880

Re: What's going on with silver?

kitco close 2019/04/24: $15.00 currently sits at $14.94 Problem with silver is that I love it, and you're not supposed to fall in love with investments right? :-[ I still have too much from the $20-50 era and added it to my PP as along term holding so the losses aren't realized. Have done much bette...
by Mike59
Thu Apr 25, 2019 8:53 pm
Forum: Variable Portfolio Discussion
Topic: Thoughts on Emerging Markets?
Replies: 22
Views: 13675

Re: Thoughts on Emerging Markets?

From a CAPE/Schiller ratio standpoint, EM is where you want to be if you're looking for higher long term returns. I've bought nothing but EM and Developed Europe for my PP for the last couple of years, both are looking a little richer than I'd like right now (as with most world equities). The true o...
by Mike59
Thu Apr 25, 2019 8:48 pm
Forum: Variable Portfolio Discussion
Topic: Uranium
Replies: 2
Views: 2475

Uranium

Uranium stocks are down 90% off their all time highs. Anyone else eyeing this ? I own the components of URA individually (Cameco/Nexgen/Uranium Participation) with exposure in the US, especially with this talk of Trump looking to put Tarrifs on foreign uranium. As I've heard on some podcasts, either...
by Mike59
Thu Apr 25, 2019 8:39 pm
Forum: Variable Portfolio Discussion
Topic: Canada EWC ETF a value play?
Replies: 14
Views: 10229

Re: Canada EWC ETF a value play?

Canadian investor here and I'd discourage buying EWC. Canadian banks are betting heavily on Canadian real estate which is probably one of the world's largest bubbles right now, I would steer far away if you're looking at a value play. On a more technical basis, CAPE ratios suggest Canada is still ne...
by Mike59
Sun Apr 08, 2018 8:36 pm
Forum: Permanent Portfolio Discussion
Topic: PP performance for Q1 2018
Replies: 16
Views: 13284

Re: PP performance for Q1 2018

Another Canadian here, I run a slightly modified Permanent portfolio, interesting how currency, hedging and exposure can tilt the results. The figures below do not count dividends... Gold: CGL.C (unhedged gold etf): +4.76% Stocks (split between Developed europe and emerging markets without any US or...
by Mike59
Wed Aug 19, 2015 8:35 pm
Forum: Gold
Topic: Sprott Intends to Make Exchange Offers for Central GoldTrust and Silver Bullion
Replies: 192
Views: 100099

Re: Sprott Intends to Make Exchange Offers for Central GoldTrust and Silver Bullion

so, this story drags on, the discounts are ridiculous compared to NAV (which I'm ok with, I've stacked CEF recently at -12%, looking to hit a rebalancing band soon and throw some cash at GTU which sits at -6%). Surprisingly  my precious metal positions are in the green... Can anyone help translate t...
by Mike59
Sun Jun 28, 2015 5:56 pm
Forum: Other Discussions
Topic: Greece to close banks and stock market amidst financial panic
Replies: 7
Views: 4219

Re: Greece to close banks and stock market amidst financial panic

http://money.cnn.com/data/premarket/

US S&P futures down -1.5% , ouch!  If this sticks overnight it's the most excitement /volatility I've seen in a long time, takes me back to August 2011 fiscal cliff days...  ;D
by Mike59
Sun Jun 28, 2015 5:51 pm
Forum: Other Discussions
Topic: Chromebook, tablet, or Linux
Replies: 28
Views: 15266

Re: Chromebook, tablet, or Linux

I pulled out the old laptop, and used a puppy linux liveCD to test. I think this might be a reasonable option while I explore alternatives [or not]. I think I need to wipe WindowsXP and install a full version of linux on the HD. I am not that familiar with the difference between all the distros. Do...
by Mike59
Sun Jun 28, 2015 5:48 pm
Forum: Other Discussions
Topic: Greece to close banks and stock market amidst financial panic
Replies: 7
Views: 4219

Re: Greece to close banks and stock market amidst financial panic

Libertarian666 wrote: I'm shocked! shocked, that gambling is going on there.
Of course this won't have any effect on gold... or will it?
http://www.kitco.com/charts/livegold.html

moonshot straight up, over $10 at the open .... Should be an interesting week
by Mike59
Sun Jun 28, 2015 6:22 am
Forum: Other Discussions
Topic: America's Global Image
Replies: 20
Views: 10069

Re: America's Global Image

What the FUCK, Canada? Take it from an average Canadian, most of us have a favorable view of the US, even if we differ on some political views. Quebec is the primary reason for that figure, it has about 10 million people (maybe 1/3 of the country and perhaps reflects 1/3 of the hate in that poll) ,...
by Mike59
Sun Jun 28, 2015 6:14 am
Forum: Other Discussions
Topic: Chromebook, tablet, or Linux
Replies: 28
Views: 15266

Re: Chromebook, tablet, or Linux

I have a 2 year old acer win8 notebook I got on sale for about 300 , Windows 8 junked it, and it got worse with every update. I installed a dual-boot with linux and at least it's usable. You can play around with it for free, and it might buy you some time. Xubuntu, it's lean and light- not perfect, ...
by Mike59
Sat May 30, 2015 4:14 pm
Forum: Gold
Topic: Sprott Intends to Make Exchange Offers for Central GoldTrust and Silver Bullion
Replies: 192
Views: 100099

Re: Sprott Intends to Make Exchange Offers for Central GoldTrust and Silver Bullion

Per some of my other posts I've averaged into GTU quite nicely during the discount (I recall some days below 10% from NAV), I'm hoping this doesn't go through... If it goes through or hits NAV before the deal I'm considering selling the GTU and moving to CEF. I figure the nice 7% or so gain I've mad...
by Mike59
Wed Mar 25, 2015 9:02 pm
Forum: Gold
Topic: What Drives Gold
Replies: 15
Views: 11001

Re: What Drives Gold

Gold's price isn't simply driven by the supply-demand ratio, the dollar's movements, inflation, oil price, geopolitical events and so on.  The market's way of functioning is far more complex and less transparent. Brief and brilliant summary. It climbs a wall of worry, and anything can serve as that...
by Mike59
Wed Mar 25, 2015 8:59 pm
Forum: Variable Portfolio Discussion
Topic: Gold Junior Miners (GDXJ)
Replies: 8
Views: 5361

Re: Gold Junior Miners (GDXJ)

Thanks for posting, nice charts and helpful insight into the price action.

I once loved these funds (including GLDX and some individual gold stocks) too much, I know better now  (I think it represented a sickness, OCD?) and think I'll stay away even when they go back up 
:-\
by Mike59
Mon Mar 16, 2015 7:49 am
Forum: Other Discussions
Topic: Help me choose a secondary computer
Replies: 47
Views: 20614

Re: Help me choose a secondary computer

If you go with a cheap laptop, for goodness sakes get one with Linux on it. ^ THIS! I've been so frustrated by every windows machine I've ever owned, I inevitably end up installing Ubuntu. Thankfully you can now smoothly dual-boot Ubuntu 14 and Windows 8, I just hit a button upon startup and bam I'...
by Mike59
Mon Mar 16, 2015 7:42 am
Forum: Gold
Topic: Never have long positions in UGLD or DGLD
Replies: 5
Views: 4200

Re: Never have long positions in UGLD or DGLD

(I couldn't see ochotona's article cause I don't have  password, pardon if it's mentioned there) but a point against levered ETFs would be sheer bad luck (the sequence of returns) . Imagine a month in the red for more than half of the trading days. No one seems to talk about it, but it probably acco...
by Mike59
Sun Mar 15, 2015 2:43 pm
Forum: Gold
Topic: Precious metals historical data shootout + Platinum /Palladium:
Replies: 5
Views: 3590

Precious metals historical data shootout + Platinum /Palladium:

My research question: is palladium (or platinum)  worth a look as part of the gold component in the PP? (I can already hear the resounding "NO!" from the chorus of purists  :D ) In a bout of self indulgence, I compiled year over year return data from 1970-2015 for the 4 major precious meta...
by Mike59
Sun Mar 15, 2015 2:23 pm
Forum: Stocks
Topic: Individual shares ownership vs. index funds
Replies: 21
Views: 14839

Re: Individual shares ownership vs. index funds

Pointedstick wrote: people who think they can do this are mostly delusional narcissists.
LOL, I must be under their narcissistic spell,  is this what has me drawn to the business channels for entertainment?! 
by Mike59
Sun Mar 15, 2015 11:57 am
Forum: Stocks
Topic: Individual shares ownership vs. index funds
Replies: 21
Views: 14839

Re: Individual shares ownership vs. index funds

FYI. Brett Arends, on CBSMarketwatch.com makes a case for owning 50 individual stocks as opposed to, say, VTI. ....  He suggests a better return, too. Even if a better return is identified, over what time period, and can it beat the index for decades?  I love how the authors always start the study ...
by Mike59
Sun Mar 15, 2015 10:37 am
Forum: Variable Portfolio Discussion
Topic: Miners and explorers bottomed? or another head fake?
Replies: 15
Views: 12309

Re: Miners and explorers bottomed? or another head fake?

We have so much already invested in gold instruments so why not find something entirely different to speculate in? Probably because miners have been beaten down so much more, one could expect the gains to be much higher when this market turns. Gold bullion and oil have been smacked, but not 90% off...
by Mike59
Fri Mar 13, 2015 2:37 pm
Forum: Permanent Portfolio Discussion
Topic: Greece Confiscates Pension Funds to Pay Debts...
Replies: 9
Views: 4176

Re: Greece Confiscates Pension Funds to Pay Debts...

This is coming to a town near you and unfortunately does not surprise me the least bit.

I stopped contributing to my retirement account years ago, I invest a little into tax free accounts here and there, but for the most part stick with non-registered.
by Mike59
Mon Mar 09, 2015 7:45 am
Forum: Variable Portfolio Discussion
Topic: How much to gamble in a VP and how frequent are your trades?
Replies: 13
Views: 8178

How much to gamble in a VP and how frequent are your trades?

I'm curious how large your VP is relative to the PP ?  What about trading frequency? I've tried before with weekly/daily chart swing trading  (between 5-10 trades per month) and barely broke even, I'm thinking a slower steadier pace with a monthly chart may be (a bit) safer. I'm trying to find my ow...
by Mike59
Sun Mar 08, 2015 9:40 pm
Forum: Permanent Portfolio Discussion
Topic: How Are You Doing In PP?
Replies: 97
Views: 40220

Re: How Are You Doing In PP?

I have been watching the HBPP portfolio for over 6 months because I am still not convinced due to the current environment.  stock is sky high - waiting to dive back down to earth, back to dotcom bubble territory, not more than 10% correction over 5 years long term bond - rate is super low, only way...
by Mike59
Sun Mar 08, 2015 9:26 pm
Forum: Permanent Portfolio Discussion
Topic: New to PP
Replies: 21
Views: 12807

Re: New to PP

Welcome to the forum!  You're right, it's been a tough few weeks but hang in there, focus on allocation and not absolute losses, the overall portfolio does what it's supposed to do in the long run.