Finally an explanation for why gold is important!ochotona wrote: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.
The GOLD scream room
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- dualstow
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I thought that was fool's gold.
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You're confusing fool's gold and gold's fools.dualstow wrote:I thought that was fool's gold.
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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.
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Aiyaiyai, I would love to be able to sell my ETFs at just breakeven.ochotona wrote: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.
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Re: The GOLD scream room
How old are you? Maybe your children can...dualstow wrote:Aiyaiyai, I would love to be able to sell my ETFs at just breakeven.ochotona wrote: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.
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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.
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Remind me not to follow your anti-aging advice if that's your picture.dualstow wrote: 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.
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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.
--> http://img.wennermedia.com/article-lead ... tangle.jpg <--
Larry didn't even look that good when he was young.
Richard Lewis did, though. According to my wife, who obviously has exquisite taste.
--> http://img.wennermedia.com/article-lead ... tangle.jpg <--
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Re: The GOLD scream room
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....
Seems to me Friday is a very good short oriented day....
Re: The GOLD scream room
The volatility is breathtaking
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Yeah, no kidding. Big moves are more interesting, though, admit it.
Don't agree with me too strongly or I'm going to change my mind
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Interesting like a bad rash
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from Cortopassi, Stock Scream Room thread:
I waver between that thought and the idea that I should not buy any more gold.
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).Cortopassi wrote:Just saying, it would be nice one day to see gold saved on a daily basis as much as the market is.
I waver between that thought and the idea that I should not buy any more gold.
Re: The GOLD scream room
dualstow wrote:from Cortopassi, Stock Scream Room thread:
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).Cortopassi wrote:Just saying, it would be nice one day to see gold saved on a daily basis as much as the market is.
I waver between that thought and the idea that I should not buy any more gold.
Or both.
Re: The GOLD scream room
Amazing to me that there was so little gold and equity reaction to the latest ICBM launch.
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It’s just not a factor anymore. U.S. military officials were wondering why there hadn’t been a test for so long.ochotona wrote:Amazing to me that there was so little gold and equity reaction to the latest ICBM launch.
Re: The GOLD scream room
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.ochotona wrote:Amazing to me that there was so little gold and equity reaction to the latest ICBM launch.
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.
Re: The GOLD scream room
So why hate gold this year? The ETF version is up 12%...
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So is the real version.Kbg wrote:So why hate gold this year? The ETF version is up 12%...
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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.
Re: The GOLD scream room
Limit order bought me another ounce at $1264
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I wouldn’t even bother...ochotona wrote:Limit order bought me another ounce at $1264
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What flavor?ochotona wrote:Limit order bought me another ounce at $1264
Krunchy Krugerrand?