Driveshaft broke, laying on the ground.Cortopassi wrote: ↑Thu Apr 04, 2019 7:59 am Oh, yeah, that truck has been overloaded for years. Backed up so much, can't get into drive.
The GOLD scream room
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Re: The GOLD scream room
- dualstow
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Re: The GOLD scream room
@pmward : makes sense, thanks.
Re: The GOLD scream room
I'm still interested in buying more gold on dips. This MMT discussion, Medicare for All, trillion dollar deficits hint that I might like more than my current 11.4% gold.
Sven Henrich uses the daily, weekly, or monthly 5 period exponential moving average (5EMA) as a way to determine if prices are abnormally high or low in the short term. If the candle bar completely detaches from the 5EMA line, then it's a temporary high or low, it will eventually touch the line again.
If you look at the monthly 5EMA for gold the last five years, it picks the dips pretty well when the candles disconnect downward. The lower bound of the "commodity channel" indicator available on Schwab charts works in a similar manner, and picks the same lows as 5EMA.
5EMA is more rules-based, less guessing.
Sven Henrich uses the daily, weekly, or monthly 5 period exponential moving average (5EMA) as a way to determine if prices are abnormally high or low in the short term. If the candle bar completely detaches from the 5EMA line, then it's a temporary high or low, it will eventually touch the line again.
If you look at the monthly 5EMA for gold the last five years, it picks the dips pretty well when the candles disconnect downward. The lower bound of the "commodity channel" indicator available on Schwab charts works in a similar manner, and picks the same lows as 5EMA.
5EMA is more rules-based, less guessing.
- Kriegsspiel
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Re: The GOLD scream room
Don't forget that the Fed is also on record in their minutes of considering negative interest rates in the next downturn, and if that happens gold will benefit as well. The Fed has slowly been painting themselves into a corner over the last 10 years, eventually at some point in the future the public is going to catch on to that fact. I'm happy with my 20% allocation, especially since gold has been out of favor and consolidating for 8 years now. With a consolidation period that long (and still going), when it does eventually break out, boy is it going to break out! It's not a matter of if, it's a matter of when.
- Kriegsspiel
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Re: The GOLD scream room
Think gold is useless because you can't eat it? I'm long Goldschläger.
COME AT ME NOW BOGLEHEADS
COME AT ME NOW BOGLEHEADS
You there, Ephialtes. May you live forever.
- dualstow
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Re: The GOLD scream room
Kriegsspiel wrote: ↑Thu Apr 11, 2019 9:59 am Think gold is useless because you can't eat it? I'm long Goldschläger.
COME AT ME NOW BOGLEHEADS
viewtopic.php?f=5&t=6282&p=102921
- Kriegsspiel
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Re: The GOLD scream room
It gives my eyes a very attractive glint that all the ladies love.
You there, Ephialtes. May you live forever.
- buddtholomew
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Re: The GOLD scream room
Same as it ever was...puke
Here’s my new saying - stocks giveth and the PP taketh
Here’s my new saying - stocks giveth and the PP taketh
Re: The GOLD scream room
We just need Budd to finally capitulate and sell all his gold for stocks... because I'm calling it right now, that when that inevitable day finally comes stocks will immediately start their next cyclical bear market and gold will start it's next cyclical bull marketbuddtholomew wrote: ↑Thu Apr 11, 2019 10:49 am Same as it ever was...puke
Here’s my new saying - stocks giveth and the PP taketh
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Re: The GOLD scream room
Can you eat stock certificates?Kriegsspiel wrote: ↑Thu Apr 11, 2019 9:59 am Think gold is useless because you can't eat it? I'm long Goldschläger.
COME AT ME NOW BOGLEHEADS
Especially when you can't even get most of them in physical form anymore...
- Cortopassi
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Re: The GOLD scream room
Well that was short lived above $1300.
Re: The GOLD scream room
Support is technically 1280-1285. It's bounced off that range 3x since January. I wouldn't even start to worry until if/when we break below that level.
- Kriegsspiel
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Re: The GOLD scream room
Good lord budd, even with alcohol you can't st... wait, MangoMan?? You too? Such a bunch of goldhäters in here.MangoMan wrote: ↑Thu Apr 11, 2019 1:29 pmYou can get that same glint from vodka. It's cheaper and tastes better, too.Kriegsspiel wrote: ↑Thu Apr 11, 2019 10:21 am It gives my eyes a very attractive glint that all the ladies love.
You there, Ephialtes. May you live forever.
- dualstow
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Re: The GOLD scream room
The closest I've come is spices embedded in a McCormick annual report. I read about it and requested a paper copy, but I can't remember if they ever sent it to me. I think they did.Libertarian666 wrote: ↑Thu Apr 11, 2019 1:18 pmCan you eat stock certificates?Kriegsspiel wrote: ↑Thu Apr 11, 2019 9:59 am Think gold is useless because you can't eat it? I'm long Goldschläger.
COME AT ME NOW BOGLEHEADS
Especially when you can't even get most of them in physical form anymore...
In my link upthread, KShartle said something about having a recipe for Berkshire stock and white wine with mussels.
Re: The GOLD scream room
Silver got binch slapped
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Re: The GOLD scream room
It's so expensive to buy physical. Why bother? SLV or SIVR. I'm a buyer if the gold:silver ratio distorts more, like in the next recession silver may get dragged down because of its industrial uses. If gold is 100x more expensive, I'm a buyer of silver.
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Re: The GOLD scream room
What does that ratio mean? Can you substitute gold for silver or vice versa?ochotona wrote: ↑Thu Apr 11, 2019 7:34 pmIt's so expensive to buy physical. Why bother? SLV or SIVR. I'm a buyer if the gold:silver ratio distorts more, like in the next recession silver may get dragged down because of its industrial uses. If gold is 100x more expensive, I'm a buyer of silver.
Of course you can calculate such a ratio, but I don't see any fundamental reason why there would be any "correct" ratio, or why a particular ratio would make buying gold or silver a good idea.
By the way, Harry Browne didn't think it was meaningful.
Re: The GOLD scream room
Over a timescale of years, the ratio is range bound between 100 and 50-ish. If you buy the cheaper metal at either extreme, you may be able to make a trade, if you are patient. Definitely if we get to 95-100 it's time to really consider this. Same idea for gold vs platinum now.
- buddtholomew
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Re: The GOLD scream room
You know the rest...junk!
No matter what anyone tells you avoid Au like the plague.
PP not much better at all.
Thank god I reduced my allocation to the assets that go no where but down.
Where’s ugly_bird? Seems he deleted his post.
For his benefit, stocks are + ~20% YTD and precious gold is negative, that’s right negative.
No matter what anyone tells you avoid Au like the plague.
PP not much better at all.
Thank god I reduced my allocation to the assets that go no where but down.
Where’s ugly_bird? Seems he deleted his post.
For his benefit, stocks are + ~20% YTD and precious gold is negative, that’s right negative.
Re: The GOLD scream room
Also Gold is overpriced! Selling above production cost! Not much of a store of value.buddtholomew wrote: ↑Tue Apr 16, 2019 1:22 pm You know the rest...junk!
No matter what anyone tells you avoid Au like the plague.
PP not much better at all.
Thank god I reduced my allocation to the assets that go no where but down.
Where’s ugly_bird? Seems he deleted his post.
For his benefit, stocks are + ~20% YTD and precious gold is negative, that’s right negative.
- Cortopassi
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Re: The GOLD scream room
And you can't eat it!
Ahh, the 20% drop in stocks is so quickly forgotten. Let's cherry pick some dates:
Ahh, the 20% drop in stocks is so quickly forgotten. Let's cherry pick some dates:
Re: The GOLD scream room
I had a beer and it helped me be clear about all the countries that are just hoping to catch a bid and get some worthless DOLLARS. It is a long list. Gold has a lot of sellers lined up for all my lifetime. A fan of the PP but!modeljc wrote: ↑Tue Apr 16, 2019 2:05 pmAlso Gold is overpriced! Selling above production cost! Not much of a store of value.buddtholomew wrote: ↑Tue Apr 16, 2019 1:22 pm You know the rest...junk!
No matter what anyone tells you avoid Au like the plague.
PP not much better at all.
Thank god I reduced my allocation to the assets that go no where but down.
Where’s ugly_bird? Seems he deleted his post.
For his benefit, stocks are + ~20% YTD and precious gold is negative, that’s right negative.
Re: The GOLD scream room
I'm here and I didn't delete any posts of mine. Not my style.
As of stocks, gold etc... Honestly, I do not care. I'm a chemist, money is too boring for me. Since I chose PP I sleep well. Just repeat, I do not care. Actually I do care, I want Au or/and LTT go even further down to trigger my rebalance thresholds.