The GOLD scream room
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Re: The GOLD scream room
Unreal!!!
With stocks and bonds both up, there's no rebalance happening anytime soon. But, my portfolio is up over 6% since July 1. Incredible...but when is the other shoe going to drop??
With stocks and bonds both up, there's no rebalance happening anytime soon. But, my portfolio is up over 6% since July 1. Incredible...but when is the other shoe going to drop??
Re: The GOLD scream room
This happened in 2008-2009, the last time the FED pumped in piles of free money...
- buddtholomew
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Re: The GOLD scream room
Anxiety provoking when all assets move in lockstep, either + or -ve. Definitely prefer +ve.
Re: The GOLD scream room
Yeah in the short term gold is indeed feeling a bit "toppy" to me. I think a small $100-200 correction would be a healthy and good thing at this point. But who knows? August and September are strong months for gold seasonally speaking. So it could continue to soar a bit longer. Also, interesting that today was also a new TLT all-time closing high (intraday high is still about 4% higher than current though). QQQ also hit an all-time closing high. Something has got to give here. Will the real bullish asset please stand up???
Re: The GOLD scream room
The gold price on my gold Apple Watch every day.
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Re: The GOLD scream room
I think the more significant question is whether it is a size 100 combat boot.
AKA, the crack-up boom.
- Cortopassi
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Re: The GOLD scream room
A good pickle -- I am within 0.2% of my silver band being hit. But if it does, my rebalance will have me also selling a decent amount of gold.
I don't have enough GLD to cover that, so I'd have to dip into physical, which I don't want to do.
Any thoughts of using an inverse gold ETF to rebalance negatively? Not a 2x or 3x, just a 1x so limited decay.
But I am only seeing DGZ, which has minuscule volume and very low assets.
I could just add to the lagging assets which by default will bring the % of gold and silver lower...
I don't have enough GLD to cover that, so I'd have to dip into physical, which I don't want to do.
Any thoughts of using an inverse gold ETF to rebalance negatively? Not a 2x or 3x, just a 1x so limited decay.
But I am only seeing DGZ, which has minuscule volume and very low assets.
I could just add to the lagging assets which by default will bring the % of gold and silver lower...
- dualstow
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Re: The GOLD scream room
Why not just get the hell out of silver at a nice price, admittedly giving up future upside.Cortopassi wrote: ↑Wed Aug 05, 2020 8:42 am A good pickle -- I am within 0.2% of my silver band being hit. But if it does, my rebalance will have me also selling a decent amount of gold.
...
Any thoughts of using an inverse gold ETF to rebalance negatively? Not a 2x or 3x, just a 1x so limited decay.
...
9pm EST Explosions in Iran (Isfahan) and Syria and Iraq. Not yet confirmed.
- Cortopassi
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Re: The GOLD scream room
Tempted, for sure. Had been underwater for many years. But as with gold, a good portion is physical, and that is even harder to deal with because of the weight!dualstow wrote: ↑Wed Aug 05, 2020 9:03 amWhy not just get the hell out of silver at a nice price, admittedly giving up future upside.Cortopassi wrote: ↑Wed Aug 05, 2020 8:42 am A good pickle -- I am within 0.2% of my silver band being hit. But if it does, my rebalance will have me also selling a decent amount of gold.
...
Any thoughts of using an inverse gold ETF to rebalance negatively? Not a 2x or 3x, just a 1x so limited decay.
...
- dualstow
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Re: The GOLD scream room
Yeah, I've never sold my physical gold.
I wonder if I'd trade my vp stock shares less frequently if I had some physical token, either the certificates of old or some attractive squares of wood or acrylic. Probably.
I wonder if I'd trade my vp stock shares less frequently if I had some physical token, either the certificates of old or some attractive squares of wood or acrylic. Probably.
9pm EST Explosions in Iran (Isfahan) and Syria and Iraq. Not yet confirmed.
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Re: The GOLD scream room
I took the easy way out, which hopefully makes sense. Took profits and rebalanced GLD and SLV to near their correct amounts without having to touch physical. It pushed cash to above my rebalance limit, but I had in 2016 dropped my cash % from 25 to 10.
This will raise it back to about 15%. I can live with that given the current crazy environment, and will change my allocation levels to that.
I have waited so long it seems to finally take some profits in gold and silver, it almost seems unreal or anticlimactic.
This will raise it back to about 15%. I can live with that given the current crazy environment, and will change my allocation levels to that.
I have waited so long it seems to finally take some profits in gold and silver, it almost seems unreal or anticlimactic.
Re: The GOLD scream room
Yeah any physical I buy is all meant for ideally a lifetime hold. The cost of carry (premium, storage, etc) is simply not worth it for any timeframe less than a lifetime hold, imo. I would have made the same decision and done a light rebalance on gold to avoid selling any physical.Cortopassi wrote: ↑Wed Aug 05, 2020 10:27 am I took the easy way out, which hopefully makes sense. Took profits and rebalanced GLD and SLV to near their correct amounts without having to touch physical. It pushed cash to above my rebalance limit, but I had in 2016 dropped my cash % from 25 to 10.
This will raise it back to about 15%. I can live with that given the current crazy environment, and will change my allocation levels to that.
I have waited so long it seems to finally take some profits in gold and silver, it almost seems unreal or anticlimactic.
- dualstow
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Re: The GOLD scream room
Is gold friggin 2080 today? My yahoo finance app says it’s 2080.
CNBC says...yup.
CNBC says...yup.
9pm EST Explosions in Iran (Isfahan) and Syria and Iraq. Not yet confirmed.
- buddtholomew
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Re: The GOLD scream room
Sorry guys, had to dial back and sold some at IAU 19.68.
Restoring AA to 40/15/15/30.
Restoring AA to 40/15/15/30.
Re: The GOLD scream room
I also captured some profits today by rebalancing out of gold. I'm as excited as anyone to see the gold price go up, but I'm still staying disciplined with maintaining a balanced portfolio.
After today's gold price pop my portfolio rolled over to a new leading digit! Woohoo!
After today's gold price pop my portfolio rolled over to a new leading digit! Woohoo!
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- dualstow
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Re: The GOLD scream room
What order is that in?buddtholomew wrote: ↑Thu Aug 06, 2020 9:44 am Sorry guys, had to dial back and sold some at IAU 19.68.
Restoring AA to 40/15/15/30.
9pm EST Explosions in Iran (Isfahan) and Syria and Iraq. Not yet confirmed.
- buddtholomew
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Re: The GOLD scream room
Usual DS, stocks/gold/LTT/cashdualstow wrote: ↑Thu Aug 06, 2020 10:25 amWhat order is that in?buddtholomew wrote: ↑Thu Aug 06, 2020 9:44 am Sorry guys, had to dial back and sold some at IAU 19.68.
Restoring AA to 40/15/15/30.
Sold 10% of total gold in an IRA to cash as my LTT duration was above 5.6 years. I can either raise cash or sell LTT’s to restore fixed income duration. Chose to capture some gold gains instead of sell LTT.
I think they call that killing 2 birds with one stone haha
I hope it continues to go up but I’m the kind of person that will perseverate on a missed opportunity to sell a little.
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Re: The GOLD scream room
PMs are starting to look a bit frothy. Gold is closing in on $2100 and silver is within spitting distance of $30/oz. My gut says things are moving too fast and we may see a correction soon.
Re: The GOLD scream room
Uncertainty in the world has been moving pretty fast for months. Maybe PMs are just starting to catch up?
Re: The GOLD scream room
Looks like we're seeing some profit taking today with a pullback in the price of metals across the board.
DITM
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Re: The GOLD scream room
Hold on to yer gold, guys!
https://www.firstpost.com/tech/science/ ... 1.html/ampMassive sunspot is turning towards Earth this can result in major solar flares that can effect electrical systems
These sunspots occur on the photosphere region of the sun and can be huge in size - up to 50,000 kilometres in diameter
DITM
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Re: The GOLD scream room
I just bought a big chunk of gold (and stocks and LTTs) today when I rebalanced out of cash, so that’s why gold and everything else dropped today.
Sorry about that, guys.
Sorry about that, guys.
- Mark Leavy
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Re: The GOLD scream room
Has anyone else noticed that gold did not go up by $100/oz today?
What's up with that?
Tech, Smith? What have you been doing all day?
Slackers.
Mark
What's up with that?
Tech, Smith? What have you been doing all day?
Slackers.
Mark
- buddtholomew
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Re: The GOLD scream room
I held down F5 but the USD value kept going down. Maybe I should switch to View > Refresh tomorrow and see if that helps.
Re: The GOLD scream room
Here's an interesting readSmith1776 wrote: ↑Fri Aug 07, 2020 12:42 pm Hold on to yer gold, guys!
https://www.firstpost.com/tech/science/ ... 1.html/ampMassive sunspot is turning towards Earth this can result in major solar flares that can effect electrical systems
These sunspots occur on the photosphere region of the sun and can be huge in size - up to 50,000 kilometres in diameter
https://www.researchgate.net/publicatio ... rm_of_1859
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