Moderator: Global Moderator
I don't think you are reading the wrong numbers.dualstow wrote: Either I'm reading the wrong numbers, or tech's going to have a biiiig smile on his face this morning.
Is this recent rise driven by fundamentals? I know stocks got pounded again in Asia and, to a lesser degree, in Europe so far today. Don't get me wrong... I am happy to finally see gold doing well again. I just don't get why it's performing well. Inflation? A real threat to the USD? Just no other place to put one's damn money with stock and bond valuations still being high and cash not paying anything? I want it to make sense, damn it!Libertarian666 wrote:I don't think you are reading the wrong numbers.dualstow wrote: Either I'm reading the wrong numbers, or tech's going to have a biiiig smile on his face this morning.
But of course being the big worrywart that I am, I can't help but wonder whether this is a spike that will disappear shortly.
Is it just on a friggin' random walk?The effect of all the negative interest rate talk seems like a no-brainer for rising long bond prices. As for gold, negative rates also sounds like a doom and gloom scenario so that would be my guess.barrett wrote: The other thing I am curious about is why gold and long bonds are moving up together. Is it negative real rates? I know the sample size is small (basically since the calendar flipped to January).
Hi, I'm Budd. You may know me from such threads as "I'm done!"buddtholomew wrote: Talk me out of selling a portion of my gold position this morning...
Are you using the PP as an investor or a speculator?buddtholomew wrote: Talk me out of selling a portion of my gold position this morning...
The only issue with this is when you pay just enough attention to the markets to watch your positions almost reach their rebalancing bands, but you don't rebalance, and of course they reverse direction and you're left dreaming of the market timing that might have been.MediumTex wrote: Just let the PP do its thing, and when you hit a rebalancing point, rebalance.
I agree. That is the worst.flyingpylon wrote: The only issue with this is when you pay just enough attention to the markets to watch your positions almost reach their rebalancing bands, but you don't rebalance, and of course they reverse direction and you're left dreaming of the market timing that might have been.
I sold 10% of my gold allocation this morning to avoid any regret.MediumTex wrote:Are you using the PP as an investor or a speculator?buddtholomew wrote: Talk me out of selling a portion of my gold position this morning...
I can almost guarantee you that if you sell your gold this morning you will be kicking yourself in a month or a year. That's just my strong intuition.
Just let the PP do its thing, and when you hit a rebalancing point, rebalance.
No selling! I want my gold to go higher, not lower. :-)buddtholomew wrote:I sold 10% of my gold allocation this morning to avoid any regret.
Most likely short covering.barrett wrote: Just thinking that the nice thing about having a portfolio that is balanced is that it allows you to stay invested and not miss moves like this. Sometimes a year's worth of gains can occur in a very short time.
I'd also love to know where/who the majority of buyers are at the moment.
You can say that again, Tyler. I rolled over most of my stake into the PP in early 2013, not long before the yellow stuff took its first stomach-turning dive. The past three years (except for 2014)have not been terribly encouraging, until now.Tyler wrote: Gooooold!
I was there yesterday, but it was to deposit a tube, my late January purchase.goodasgold wrote: Yeah, baby! It's days like this that tell me to drop in at the ol' bank vault and run those lovely kangeroos and eagles through my fingers while I cackle like Donald Duck's goldbug uncle, hoping those sunbright disks of loveliness hit the table with a satisfying ring, not the dull thud indicating they are some of those newfangled tungsten fakes.
Listen, grasshopper: What is the definition of a US dollar?barrett wrote:Is this recent rise driven by fundamentals? I know stocks got pounded again in Asia and, to a lesser degree, in Europe so far today. Don't get me wrong... I am happy to finally see gold doing well again. I just don't get why it's performing well. Inflation? A real threat to the USD? Just no other place to put one's damn money with stock and bond valuations still being high and cash not paying anything? I want it to make sense, damn it!Libertarian666 wrote:I don't think you are reading the wrong numbers.dualstow wrote: Either I'm reading the wrong numbers, or tech's going to have a biiiig smile on his face this morning.
But of course being the big worrywart that I am, I can't help but wonder whether this is a spike that will disappear shortly.
Only if you don't understand money.Pointedstick wrote: Holy crap guys, this is ridiculous!
My thought exactly. I was planning to tax-loss harvest gold at the end of the month when I do my annual check-up. I guess I'm still down 15% or so total, but now my last 1-2 lots are above water.MWKXJ wrote: If only GTU had held out for a few more months the fund would likely be selling at a premium now, invalidating Sprott's under-performance claim. What a shame.
