The GOLD scream room

[ochotona]

I heard this guy Arora on a Kitco video say the other day that there exists an industry designed to harvest money from Mom and Pop gold traders who trade using simple rules like the 200 day MA. That explains why when people start chasing gold, it suddenly reverses on them and they wreck. Good advice use your own criteria and don't chase it.

[ochotona]

I wonder what's next for gold? $1310 or $1260? The guessing never stops. One more buy, and I'm done with large buys. I think it will be an ETF buy, so I can more easily rebalance in the future.

[dualstow]

I wonder what's next for gold? $1310 or $1260?

1260. Then 1310. Then 1260 again...

[Cortopassi]

I wonder what's next for gold? $1310 or $1260?

1260. Then 1310. Then 1260 again...

Yes, never to see 1300 again. I'll take the negative side now and hopefully it will do the opposite.

Tomorrow may be big. If Le Pen doesn't make it through, look out below. If she does, I assume some upward momentum.

[ochotona]

Or the exact opposite.

[Cortopassi]

Exactly. As we are now seeing

[ochotona]

Good. Gold's down $14 now, maybe I'll get lucky and my limit order at $1259 for a few more coins will go through.

[dualstow]

Good. Gold's down $14 now, maybe I'll get lucky and my limit order at $1259 for a few more coins will go through.

I always picture you as a game show contestant spinning a wheel.
"C'mon, c'mon, no whammies!"

[ochotona]

That's about right

[ochotona]

C'mon baby $5 lower give Daddy some AU

[Cortopassi]

I fear you'll get that and then some...

[Libertarian666]

I don't understand the obsession with a few dollars per ounce. Maybe if I were buying 1000 ounces at a time, I would worry about that, but not for any reasonably-sized order.

[Libertarian666]

I don't understand the obsession with a few dollars per ounce. Maybe if I were buying 1000 ounces at a time, I would worry about that, but not for any reasonably-sized order.

I agree. Just buy it already! If you don't buy it, it'll go higher. If you do buy it, it'll go lower. It's a market-timing golden rule.

You forgot the other two rules, useful during the decumulation phase: if you sell it, it will go higher, and if you don't sell it, it will go lower.

[dualstow]

Gold Heading To $1,200 As Trump Tax Cuts Loom - Goldman Sachs

kitco link: http://www.kitco.com/news/2017-04-25/Go ... Sachs.html

[ochotona]

Goldman uses these fake news stories to manipulate the market.

[dualstow]

Oh, manipulate schmanipulate. Gold's gonna do what gold's gonna do.

[dualstow]

Exactly! Now stretch that information out into a newsletter.

[grapesofwrath]

I'm light on gold (~10%) and I get seduced by boglehead logic on the uselessness of the stuff but then i read some tweets and think history and other worlds and i struggle to refrain myself from getting some more... Its such torture.

[ochotona]

It is finished (my buying, that is).

[Cortopassi]

Ocho, I believe now that your buying is complete, next stop is $1200...

Damn those powers that be hating gold and such. They're never going to let it rise. At least it is only a portion of the PP!

And as usual, the silver portion is getting whacked even more. Down more than 10% in 2 weeks.

Starting to feel like last year's PP performance. Big early run up, then drip drip. But at least we ran until July. This is too soon!

[ochotona]

Ocho, I believe now that your buying is complete, next stop is $1200...

No doubt !!!

[mathjak107]

gold is more timing the market than time in the market

[stuper1]

Not if you are using it as Black Swan insurance.

[mathjak107]

well than remember you can't complain about the value dripping away once the black swan goes bye bye as typically happens over and over .

[dualstow]

It is finished (my buying, that is).

So that's what Jesus was talking about.