The GOLD scream room

[dualstow]

Is gold friggin 2080 today? My yahoo finance app says it’s 2080.
CNBC says...yup.

[buddtholomew]

Sorry guys, had to dial back and sold some at IAU 19.68.
Restoring AA to 40/15/15/30.

[Smith1776]

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!

[dualstow]

Sorry guys, had to dial back and sold some at IAU 19.68.
Restoring AA to 40/15/15/30.

What order is that in?

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.

...

[buddtholomew]

Sorry guys, had to dial back and sold some at IAU 19.68.
Restoring AA to 40/15/15/30.

What order is that in?

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.

...

Usual DS, stocks/gold/LTT/cash

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.

[Ad Orientem]

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.

[Tortoise]

Uncertainty in the world has been moving pretty fast for months. Maybe PMs are just starting to catch up?

[Smith1776]

Looks like we're seeing some profit taking today with a pullback in the price of metals across the board.

[Smith1776]

Hold on to yer gold, guys!

Massive 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.firstpost.com/tech/science/ ... 1.html/amp

[Tortoise]

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.

[Mark Leavy]

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

[buddtholomew]

I held down F5 but the USD value kept going down. Maybe I should switch to View > Refresh tomorrow and see if that helps.

[Hal]

Hold on to yer gold, guys!

Massive 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.firstpost.com/tech/science/ ... 1.html/amp

Here's an interesting read
https://www.researchgate.net/publicatio ... rm_of_1859

[Smith1776]

Here's an interesting read
https://www.researchgate.net/publicatio ... rm_of_1859

How much do you want to bet that if we send this to Peter Schiff he'll talk about it on his next podcast about why people should buy gold?

[Libertarian666]

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

Sorry boss, we'll try to do better tomorrow!

[Libertarian666]

Hold on to yer gold, guys!

Massive 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.firstpost.com/tech/science/ ... 1.html/amp

Here's an interesting read
https://www.researchgate.net/publicatio ... rm_of_1859

I suspect the effects would be a bit more important if that happened this year.
Which I guess we should expect, given the rest of the insanity.

[Mark Leavy]

Sorry boss, we'll try to do better tomorrow!

That's what I wanted to hear.
You're in charge of the floor, Tech.

[vnatale]

Should you go short when the media says go long?

https://www.investmentnews.com/should-y ... ntnews.com

[dualstow]

He doesn’t get a lot of love here and maybe he’s just trying to drum up business, but I like the headline.

https://www.marketwatch.com/story/gold- ... 2020-08-06

Gold rising to $4,000 an ounce ‘would not be an unreasonable move,’ fund manager says

{ Cuggino of PRPFX }

[Ad Orientem]

A few interesting pieces from Kitco...

Mohamed A. El-Erian: Gold is starting to take the place of big tech -
https://www.kitco.com/news/2020-08-09/G ... Erian.html

TD Securities prefers silver over gold-
https://www.kitco.com/news/2020-08-10/S ... ities.html

LBMA clears Perth Mint of serious wrongdoing in sourcing gold-
https://www.kitco.com/news/2020-08-10/L ... -gold.html

[buddtholomew]

Yikes!
Guess I’ll be adding back to Gold today.
Bought back at IAU 18.61

[mathjak107]

i added some back too . i had halved my investment in the pp ....

[Ugly_Bird]

Yikes!
Guess I’ll be adding back to Gold today.
Bought back at IAU 18.61

Still timing the market? :-)

[Tyler]

How kind of the markets to rebalance my portfolio by selling off gold so I don't have to.

[buddtholomew]

Yikes!
Guess I’ll be adding back to Gold today.
Bought back at IAU 18.61

Still timing the market? :-)

Around the edges, makes me feel like a useful engine.