Gyroscopic Investing

jhogue wrote:I thought of expressing some skepticism of Libertarian666's all-weather enthusiasm for gold until I saw the following headline in today's Wall Street Journal:

"Gold Surge Accelerates as Dollar Falls:

It's mid-afternoon now, and all I see is 'Gold Falls as Dollar Rebounds, Treasury Yields Rise' in the same paper.

P.S. also -
'The Highest-Yielding Treasury Bond Isn’t Declining Like Its Peers'
The yield on the 30-year bond has been relatively stable, weighed down by doubts about a long-term pickup in inflation

Red across the landscape today.
Doing nothing.

buddtholomew wrote:Red across the landscape today.
Doing nothing.

No fun. I keep listening to podcasts where the speakers talk about a world where bonds and stocks aren't anti-correlated... where they go down together. These thoughts don't make me happy. The more I think about it, the more I think about gold and cash.

Cash is going up! It never feels good, though.

jhogue wrote:Thanks for correcting my mis-perception of your views on gold.

You may be correct that gold is under-valued at the moment, but how can you tell?

It is a couple of years off a major bottom and has been rising slowly and erratically for those years. There is no enthusiasm for it in the financial media.

Also, buddtholomew hates it.

But that last one may be permanent and thus would not have any predictive value.

Do you think that bitcoin is affecting the gold market? If so, how??

jhogue wrote:Do you think that bitcoin is affecting the gold market? If so, how??

Who knows? But I doubt it has any significant influence. The markets for the two assets are too different, in my opinion anyway.

jhogue wrote:Do you think that bitcoin is affecting the gold market? If so, how??

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