What flavor?ochotona wrote:Limit order bought me another ounce at $1264
Krunchy Krugerrand?
Moderator: Global Moderator
What flavor?ochotona wrote:Limit order bought me another ounce at $1264
Canadian Maple?dualstow wrote:What flavor?ochotona wrote:Limit order bought me another ounce at $1264
Krunchy Krugerrand?
Here's my technical analysis impression:ochotona wrote:Are we going to $1200?
Funny. Boy will there be gnashing of teeth when the same sort of price action comes to the stock market. What, have we been in the 1100-1300 range for 6 freaking years now? Feels like a lifetime.Libertarian666 wrote:Here's my technical analysis impression:ochotona wrote:Are we going to $1200?
"Before we get to $1200 we will have to go through $1234.56. On the other hand, if we get up to $1299.90, we may break $1300!"
I'm sure once the stock market stops going straight up and gold starts outperforming, we'll have a lot of new members who will pile in, then pile out again once that reverts.Cortopassi wrote:Funny. Boy will there be gnashing of teeth when the same sort of price action comes to the stock market. What, have we been in the 1100-1300 range for 6 freaking years now? Feels like a lifetime.Libertarian666 wrote:Here's my technical analysis impression:ochotona wrote:Are we going to $1200?
"Before we get to $1200 we will have to go through $1234.56. On the other hand, if we get up to $1299.90, we may break $1300!"
I’ll believe it when I see it...Libertarian666 wrote:I'm sure once the stock market stops going straight up and gold starts outperforming, we'll have a lot of new members who will pile in, then pile out again once that reverts.Cortopassi wrote:Funny. Boy will there be gnashing of teeth when the same sort of price action comes to the stock market. What, have we been in the 1100-1300 range for 6 freaking years now? Feels like a lifetime.Libertarian666 wrote:
Here's my technical analysis impression:
"Before we get to $1200 we will have to go through $1234.56. On the other hand, if we get up to $1299.90, we may break $1300!"
Just like every other time.
That's kind of what the manager of PRPFX said. People are quick to abandon the pp when stocks are doing well.Libertarian666 wrote:I'm sure once the stock market stops going straight up and gold starts outperforming, we'll have a lot of new members who will pile in, then pile out again once that reverts.
Just like every other time.
Here's what Bill Bernstein said in 2010:dualstow wrote:That's kind of what the manager of PRPFX said. People are quick to abandon the pp when stocks are doing well.Libertarian666 wrote:I'm sure once the stock market stops going straight up and gold starts outperforming, we'll have a lot of new members who will pile in, then pile out again once that reverts.
Just like every other time.
I look at the long term chart, and I see a shallow bowl forming, the edges are mid-2013 to mid-2018, the middle (bottom) was late 2015. A five year wide bottoming process, in other words. With no guarantees.eufo wrote:What can I say after a day like today? Ugh.
I've learned not to trust charts, but I hope you're right. I think we have some more pain in the near future.ochotona wrote:I look at the long term chart, and I see a shallow bowl forming, the edges are mid-2013 to mid-2018, the middle (bottom) was late 2015. A five year wide bottoming process, in other words. With no guarantees.eufo wrote:What can I say after a day like today? Ugh.
This is very true. Trouble is, you could say this about almost any portfolio. Jumping in and out of different types of stock index funds (small cap value, emerging markets, etc) to chase returns is basically the same thing, just a bit less dramatic because of the lower tracking error compared to the total stock market. You read about it everywhere including on the Bogleheads "we love passive investing" board. I guess most people don't, in fact, love passive investing, and they don't care what the statistics say about performance of active vs. passive strategies over time.Libertarian666 wrote:Here's what Bill Bernstein said in 2010:dualstow wrote:That's kind of what the manager of PRPFX said. People are quick to abandon the pp when stocks are doing well.Libertarian666 wrote:I'm sure once the stock market stops going straight up and gold starts outperforming, we'll have a lot of new members who will pile in, then pile out again once that reverts.
Just like every other time.
"There’s nothing wrong with Harry’s portfolio—nothing at all—but there’s everything wrong with his followers, who seem, on average, to chase performance the way dogs chase cars.
"Investment success accrues not so much to the brilliant as to the disciplined...
(from http://www.efficientfrontier.com/ef/0adhoc/harry.htm)
You have silver? I thought I was the only lunatic who still has any of that!Cortopassi wrote:As much as I complain at times, the PP is still up 10.5% YTD for me, only 1.3% below the highest point about 2 weeks ago.
I did rebalance on Oct 3 after cash hit my upper limit, but with the drubbing in gold and esp. silver, I may do an annual rebalance on Jan 1 to increase those back to the right level, and it will allow me to pull some profit out of the stock side.
5% level. I don't know why I started buying it in addition to gold many years ago.Libertarian666 wrote:You have silver? I thought I was the only lunatic who still has any of that!Cortopassi wrote:As much as I complain at times, the PP is still up 10.5% YTD for me, only 1.3% below the highest point about 2 weeks ago.
I did rebalance on Oct 3 after cash hit my upper limit, but with the drubbing in gold and esp. silver, I may do an annual rebalance on Jan 1 to increase those back to the right level, and it will allow me to pull some profit out of the stock side.
(< 2% of my portfolio)
I had about 5% until earlier this year. That's when I dumped CEF after another Sprott takeover attempt (which I guess is going to go through this time).Cortopassi wrote:5% level. I don't know why I started buying it in addition to gold many years ago.Libertarian666 wrote:You have silver? I thought I was the only lunatic who still has any of that!Cortopassi wrote:As much as I complain at times, the PP is still up 10.5% YTD for me, only 1.3% below the highest point about 2 weeks ago.
I did rebalance on Oct 3 after cash hit my upper limit, but with the drubbing in gold and esp. silver, I may do an annual rebalance on Jan 1 to increase those back to the right level, and it will allow me to pull some profit out of the stock side.
(< 2% of my portfolio)
I don’t own any kangaroos, but I have ‘93 nuggets.ochotona wrote:Kangaroo meat
Gold is Poor Man's Bitcoindualstow wrote:Gold < 1250
The Salvation Army lady dumped my krugerrand right out of her bucket.
j/k