The GOLD scream room

[buddtholomew]

Fuck yeah, finally!!

[ppnewbie]

That was a fast move up 1800 to 1900 in less than a month.

[murphy_p_t]

Aem, nem, sbsw, etc.

[murphy_p_t]

Aem, nem, sbsw, etc.

Now that gold has broken out, it's time to take money out of the safe harbor of the pp and put it to work.

[Cortopassi]

My prognostication, Ukraine deintensifies yet again, and the markets go way green tomorrow and gold goes back to being unloved, at least for a day or two.

That has been SOP for years. Sure, it could change today.

[murphy_p_t]

That's of no consequence as gold / gdx has breaken out.

[Cortopassi]

That's of no consequence as gold / gdx has breaken out.

Broken out of what? It was over $1960 in 2020?

[murphy_p_t]

Year and a half correction completed.

https://twitter.com/Jhinster1/status/14 ... 6qSiA&s=19

[murphy_p_t]

Another chart to consider
https://twitter.com/graddhybpc/status/1 ... 4Kq6w&s=19

[Cortopassi]

Murph, being a big time gold owner since 2008, I would like nothing better, but gold always digests gains, which it now seems to be doing. It seems exceedingly rare to have multiple up days in a row.

[Cortopassi]

And while I sometimes think tech analysis and charting have some value, if gold drops tomorrow, the line will be redrawn like below, and your breakout moves to summer.



And there was also I'm sure a previous chart that connected these two tops...so your breakout should have happened ~Nov 2021.

Just sayin

[Mark Leavy]

Thanks corto. I found this handy guide to interpret your chart.

dem bones.png (406.63 KiB) Viewed 4711 times

[murphy_p_t]

Thank you for the reminder, which should temper my enthusiasm for precious metal sector at the moment

[ppnewbie]

I always have the opposite reaction when gold moves sharply. I get nervous. It feels like plate tectonics. It's so big and such an unseen part part of humanity. When it moves everyone is going to feel it.

[Cortopassi]

Wow. Well, I think we can all say we are happy to be owning some gold recently...

[dualstow]

There once was a fellow named Putin
He oft had a craving for lootin’
I wish I’d bought gold
When the war was still cold
Alas, he has started a-shootin’

[murphy_p_t]

Come for the investment commentary, stay for the poetry!

[Cortopassi]

If anyone didn't expect this, you haven't been tracking gold long enough.

[dualstow]

The Nasdaq is up 1%. The market is far more resilient these days.
No flight to quality, no long-term climb for gold. Well, there’s a slow climb.

[Smith1776]

I must have this watch.

8E8A193C-C348-4A23-AB28-9AB5380F2539.png (3.98 MiB) Viewed 4478 times

[ppnewbie]

Nice - that’s my new favorite watch

[Cortopassi]

I am imagining all the newbie gold owners going, wait, what the hell, a country was invaded and gold is down?

[ppnewbie]

I am imagining all the newbie gold owners going, wait, what the hell, a country was invaded and gold is down?

Yikes! I am much more comfortable when gold moves slowly over the course of years. I don't think we are going to have that luxury in 2022.

[Smith1776]

This part in bold is a big reason why the naysayers, well, nay. They don’t get that currency crises arise from seemingly out of nowhere and transpire extremely quickly. They simply aren’t captured in most traditional return data sets used by the likes of Morningstar etc.

75806B68-B497-4FC6-9BB6-514DD9231AC8.jpeg (2.64 MiB) Viewed 4341 times

[vnatale]

This part in bold is a big reason why the naysayers, well, nay. They don’t get that currency crises arise from seemingly out of nowhere and transpire extremely quickly. They simply aren’t captured in most traditional return data sets used by the likes of Morningstar etc.


75806B68-B497-4FC6-9BB6-514DD9231AC8.jpeg

Obviously from Dalio's book?