The GOLD scream room

Discussion of the Gold portion of the Permanent Portfolio

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dualstow
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Re: The GOLD scream room

Post by dualstow » Thu Oct 05, 2017 3:37 pm

Cortopassi wrote:Yes, here I am again not looking at gold going down.

Does the stock market ever stop going up? I am just going to move my net worth into short term SPY calls....
O0
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Re: The GOLD scream room

Post by eufo » Thu Oct 05, 2017 7:15 pm

Cortopassi wrote:Does the stock market ever stop going up?
It certainly doesn't seem so.
Don't agree with me too strongly or I'm going to change my mind
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Re: The GOLD scream room

Post by Cortopassi » Fri Oct 06, 2017 8:42 am

Sure feels like I am flushing money down the toilet with the latest rebalance buying more gold and TLT!

Ocho, your 1260 just got hit! Who knew. Do you predict it will rise now? 8)
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Re: The GOLD scream room

Post by Cortopassi » Fri Oct 06, 2017 11:06 am

AND....the minute I enter my depressing note, the markets reverse.

Thank God I am doing the PP.

I would otherwise be acting stupidly on these gyrations.
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Re: The GOLD scream room

Post by ochotona » Fri Oct 06, 2017 12:30 pm

I'm just sitting here doing nothing, watching in amazement. I may buy more if we go down to $1200. Otherwise, I think I'm topped off. I bought at $1280, a few days too early.
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Re: The GOLD scream room

Post by dualstow » Fri Oct 06, 2017 1:05 pm

ochotona wrote:I'm just sitting here doing nothing, watching in amazement. I may buy more if we go down to $1200. Otherwise, I think I'm topped off. I bought at $1280, a few days too early.
Is there anything to be amazed about or are we beholders (myself definitely included) just nuts? I bought at maybe 1299; it'll be delivered soon. At first I was kind of sad to see a drop mere hours later but in the grand scheme of things does it really matter? No. If gold goes down to US$750 or up to $2000, that might matter.

If stocks crash and gold maintains ~$1280, I'll dislike gold a little less.
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Re: The GOLD scream room

Post by buddtholomew » Fri Oct 06, 2017 4:34 pm

dualstow wrote:
ochotona wrote:I'm just sitting here doing nothing, watching in amazement. I may buy more if we go down to $1200. Otherwise, I think I'm topped off. I bought at $1280, a few days too early.
Is there anything to be amazed about or are we beholders (myself definitely included) just nuts? I bought at maybe 1299; it'll be delivered soon. At first I was kind of sad to see a drop mere hours later but in the grand scheme of things does it really matter? No. If gold goes down to US$750 or up to $2000, that might matter.

If stocks crash and gold maintains ~$1280, I'll dislike gold a little less.
Yes, but not as less as if it actually went up ;D
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Re: The GOLD scream room

Post by dualstow » Fri Oct 06, 2017 4:38 pm

One can only hope, Mr B.
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Re: The GOLD scream room

Post by Kbg » Sat Oct 07, 2017 9:16 am

We do not know LTTs and gold are going to go up, we do know that at some point in the not too distant future stocks will be going down. If you are taking money out of stocks you are doing exactly the right thing at this point in time.
Last edited by Kbg on Sat Oct 07, 2017 10:08 am, edited 1 time in total.
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Re: The GOLD scream room

Post by ochotona » Sat Oct 07, 2017 9:18 am

Kbg wrote:We do not know LTTs and gold are going to go up, we did know that at some point in the not too distant future stocks will be going down. If you are taking money out of stocks you are doing exactly the right thing at this point in time.
:)
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Re: The GOLD scream room

Post by Cortopassi » Sat Oct 07, 2017 9:22 am

Kbg wrote:We do not know LTTs and gold are going to go up, we did know that at some point in the not too distant future stocks will be going down. If you are taking money out of stocks you are doing exactly the right thing at this point in time.

Yes. Feels wrong so it is probably right.
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Re: The GOLD scream room

Post by ochotona » Fri Oct 13, 2017 1:43 pm

The purpose of gold is to make people look foolish. If you'd sold at $1262, you'd feel foolish today. In a little while, it may be at $1242. Who knows.
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Re: The GOLD scream room

Post by Libertarian666 » Fri Oct 13, 2017 2:26 pm

ochotona wrote:The purpose of gold is to make people look foolish. If you'd sold at $1262, you'd feel foolish today. In a little while, it may be at $1242. Who knows.
Finally an explanation for why gold is important!
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Re: The GOLD scream room

Post by dualstow » Fri Oct 13, 2017 2:48 pm

I thought that was fool's gold.
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Re: The GOLD scream room

Post by ochotona » Fri Oct 13, 2017 3:20 pm

dualstow wrote:I thought that was fool's gold.
You're confusing fool's gold and gold's fools.
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Re: The GOLD scream room

Post by dualstow » Fri Oct 13, 2017 3:22 pm

Ahh O0
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Re: The GOLD scream room

Post by ochotona » Fri Nov 03, 2017 11:22 am

I sold some IAU at a small profit, unwilling to fall into a loss position on this thing. Keeping vigilant for a lower entry point. Keeping all my physical.
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Re: The GOLD scream room

Post by dualstow » Fri Nov 03, 2017 2:26 pm

ochotona wrote:I sold some IAU at a small profit, unwilling to fall into a loss position on this thing. Keeping vigilant for a lower entry point. Keeping all my physical.
Aiyaiyai, I would love to be able to sell my ETFs at just breakeven.
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Re: The GOLD scream room

Post by Cortopassi » Fri Nov 03, 2017 3:17 pm

dualstow wrote:
ochotona wrote:I sold some IAU at a small profit, unwilling to fall into a loss position on this thing. Keeping vigilant for a lower entry point. Keeping all my physical.
Aiyaiyai, I would love to be able to sell my ETFs at just breakeven.
How old are you? ::) Maybe your children can...
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Re: The GOLD scream room

Post by dualstow » Fri Nov 03, 2017 3:19 pm

8) mid-forties (gosh, is that right?! I guess it's right). No direct heirs, but I do plan to leave my physical coins to my nieces and nephews, the lucky lil' bastards.
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Re: The GOLD scream room

Post by Libertarian666 » Fri Nov 03, 2017 3:47 pm

dualstow wrote:8) mid-forties (gosh, is that right?! I guess it's right). No direct heirs, but I do plan to leave my physical coins to my nieces and nephews, the lucky lil' bastards.
Remind me not to follow your anti-aging advice if that's your picture. :P
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Re: The GOLD scream room

Post by dualstow » Fri Nov 03, 2017 4:00 pm

O0 I'm far more handsome.
Larry didn't even look that good when he was young.
Richard Lewis did, though. According to my wife, who obviously has exquisite taste.

--> http://img.wennermedia.com/article-lead ... tangle.jpg <--
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Re: The GOLD scream room

Post by John_Livermore » Thu Nov 16, 2017 6:43 am

Interesting reading about what is the performance day by day - http://professionaltradingsystems.com/b ... g-pattern/

Seems to me Friday is a very good short oriented day....
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Re: The GOLD scream room

Post by ochotona » Tue Nov 21, 2017 5:44 am

The volatility is breathtaking
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Re: The GOLD scream room

Post by eufo » Tue Nov 21, 2017 6:45 am

Yeah, no kidding. Big moves are more interesting, though, admit it. ;)
Don't agree with me too strongly or I'm going to change my mind
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