The GOLD scream room

[Libertarian666]

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!

[dualstow]

I thought that was fool's gold.

[ochotona]

I thought that was fool's gold.

You're confusing fool's gold and gold's fools.

[dualstow]

Ahh

[ochotona]

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.

[dualstow]

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.

[Cortopassi]

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...

[dualstow]

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.

[Libertarian666]

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.

[dualstow]

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.

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[John_Livermore]

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....

[ochotona]

The volatility is breathtaking

[eufo]

Yeah, no kidding. Big moves are more interesting, though, admit it.

[ochotona]

Interesting like a bad rash

[dualstow]

from Cortopassi, Stock Scream Room thread:

Just saying, it would be nice one day to see gold saved on a daily basis as much as the market is.

Does anyone think that we should be holding our nose and loading up on gold the way investors should have loaded up on the S&P 500 during that dismal decade from 2000 to 2010? (Dismal, at least, in hindsight, in 2010).

I waver between that thought and the idea that I should not buy any more gold.

[Don]

from Cortopassi, Stock Scream Room thread:

Just saying, it would be nice one day to see gold saved on a daily basis as much as the market is.

Does anyone think that we should be holding our nose and loading up on gold the way investors should have loaded up on the S&P 500 during that dismal decade from 2000 to 2010? (Dismal, at least, in hindsight, in 2010).

I waver between that thought and the idea that I should not buy any more gold.

Or both.

[ochotona]

Amazing to me that there was so little gold and equity reaction to the latest ICBM launch.

[dualstow]

Amazing to me that there was so little gold and equity reaction to the latest ICBM launch.

It’s just not a factor anymore. U.S. military officials were wondering why there hadn’t been a test for so long.

[barrett]

Amazing to me that there was so little gold and equity reaction to the latest ICBM launch.

Unless an event is perceived to potentially threaten the strength of the USD, I don't think it should be surprising if the price of gold doesn't move much. In one of his radio shows Harry Browne addressed this when talking about the WTC attack (I remember wondering at the time why gold wasn't soaring). And that was an event that struck at or close to the center of US finance.

If Trump declared that the US needs a weaker dollar so that the Chinese would buy our stuff, and the price of gold didn't move, that would be more surprising... unless, of course, enough people thought he didn't really intend to do anything about it.

USD #1 and gold #2 unless something threatens that order. Of course I have no idea about the equities part of your post, ocho.

[Kbg]

So why hate gold this year? The ETF version is up 12%...

[Libertarian666]

So why hate gold this year? The ETF version is up 12%...

So is the real version.

[buddtholomew]

It's ridiculous but a part of me believes gold was supposed to go parabolic and not bitcoin. Yes it's +12%, but over a longer time frame 4/5 years has declined substantially.

[ochotona]

Limit order bought me another ounce at $1264

[buddtholomew]

Limit order bought me another ounce at $1264

I wouldn’t even bother...

[dualstow]

Limit order bought me another ounce at $1264

What flavor?
Krunchy Krugerrand?