The GOLD scream room

Discussion of the Gold portion of the Permanent Portfolio

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buddtholomew
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Re: The GOLD scream room

Post by buddtholomew » Sat Oct 30, 2021 5:32 pm

dualstow wrote:
Fri Oct 29, 2021 10:24 am
buddtholomew wrote:
Fri Oct 29, 2021 8:45 am
Junk
O0 Welcome back, Budd. How was your sabbatical?
Thanks DS, not sure how I missed your post.
Everything is going well and in perspective.
Thank you for asking!
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Re: The GOLD scream room

Post by dualstow » Sun Oct 31, 2021 10:33 am

Glad to hear it!
The Beatles started it - they did it the best, and everyone who came after them were a kind of Beatles tribute band. ~ Kurt Cobain
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Re: The GOLD scream room

Post by buddtholomew » Wed Nov 03, 2021 2:26 pm

Yay Gold!
Down about 1.3 or 1.4 before clawing back the losses.
This will be a struggle as the FED continues to unwind the bond purchasing program.
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Re: The GOLD scream room

Post by buddtholomew » Thu Nov 04, 2021 12:27 pm

buddtholomew wrote:
Wed Nov 03, 2021 2:26 pm
Yay Gold!
Down about 1.3 or 1.4 before clawing back the losses.
This will be a struggle as the FED continues to unwind the bond purchasing program.
UUP up .6 and Gold up 1%+
Where’s Larry, Curly and Moe haha
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Re: The GOLD scream room

Post by Cortopassi » Fri Nov 05, 2021 12:27 pm

Well, that didn't last long on the down side!

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Re: The GOLD scream room

Post by Cortopassi » Wed Nov 10, 2021 8:12 am

It's YEAH gold time again!

Maybe this time holds above $1800 pushing higher?

Regardless, no complaints for now.
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Re: The GOLD scream room

Post by buddtholomew » Wed Nov 10, 2021 8:46 am

Cortopassi wrote:
Wed Nov 10, 2021 8:12 am
It's YEAH gold time again!

Maybe this time holds above $1800 pushing higher?

Regardless, no complaints for now.
Sold some more.
Very impressive gains.
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Re: The GOLD scream room

Post by buddtholomew » Mon Nov 22, 2021 8:18 am

Piece of shit
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Re: The GOLD scream room

Post by dualstow » Mon Nov 22, 2021 8:52 am

Dollar is strengthening
The Beatles started it - they did it the best, and everyone who came after them were a kind of Beatles tribute band. ~ Kurt Cobain
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Re: The GOLD scream room

Post by Cortopassi » Mon Nov 22, 2021 9:02 am

I look at this as a positive. I rebalance in early Jan. If this continues, it will allow me to capture even more gains in stocks and roll even more of that over to gold, silver and bonds.

Maybe that is a foolish rebalance, but I am going to let the PP do its thing.

And it is still over $1800 which a short two weeks ago was a big positive. Now it's a piece of shit. ;)
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Re: The GOLD scream room

Post by buddtholomew » Mon Nov 22, 2021 9:25 am

Cortopassi wrote:
Mon Nov 22, 2021 9:02 am
I look at this as a positive. I rebalance in early Jan. If this continues, it will allow me to capture even more gains in stocks and roll even more of that over to gold, silver and bonds.

Maybe that is a foolish rebalance, but I am going to let the PP do its thing.

And it is still over $1800 which a short two weeks ago was a big positive. Now it's a piece of shit. ;)
I just keep on selling down my position...
Even if gold goes up 100% from now it still pales in comparison to stock returns over my holding period.
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Re: The GOLD scream room

Post by mathjak107 » Mon Nov 22, 2021 12:36 pm

well at least gold took bitcoin with it
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Re: The GOLD scream room

Post by dualstow » Mon Nov 22, 2021 2:33 pm

mathjak107 wrote:
Mon Nov 22, 2021 12:36 pm
well at least gold took bitcoin with it
O0 Crypto is really cratering today. Bitcoin, Litecoin, Ethereum…

a 2.5% hit to gold doesn’t seem so bad.
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Re: The GOLD scream room

Post by vnatale » Mon Nov 22, 2021 3:35 pm

dualstow wrote:
Mon Nov 22, 2021 2:33 pm

mathjak107 wrote:
Mon Nov 22, 2021 12:36 pm

well at least gold took bitcoin with it


O0 Crypto is really cratering today. Bitcoin, Litecoin, Ethereum…

a 2.5% hit to gold doesn’t seem so bad.


What was / is the range of percentage drops you are / were seeing in the various crypto currencies?
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats."
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Re: The GOLD scream room

Post by pp4me » Mon Nov 22, 2021 3:36 pm

One benefit of this forum is that you can always tell when Gold isn't doing so well even if you aren't paying attention because Budd and Mathjak are always here to let us know.
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Re: The GOLD scream room

Post by mathjak107 » Mon Nov 22, 2021 4:06 pm

i own quite a bit of gold.

but less than half of what i did when i had the pp .

i still think gold will do okay , as well as bitcoin .

long term bonds i have less hope for
Last edited by mathjak107 on Mon Nov 22, 2021 5:40 pm, edited 2 times in total.
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Re: The GOLD scream room

Post by murphy_p_t » Mon Nov 22, 2021 4:09 pm

I predict this pull back today will be viewed as nothing more noise within a month or two, at most.

Head on over to King world News if you need some encouragement
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Re: The GOLD scream room

Post by dualstow » Mon Nov 22, 2021 6:26 pm

murphy_p_t wrote:
Mon Nov 22, 2021 4:09 pm
I predict this pull back today will be viewed as nothing more noise within a month or two, at most.
I think so, too
The Beatles started it - they did it the best, and everyone who came after them were a kind of Beatles tribute band. ~ Kurt Cobain
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Re: The GOLD scream room

Post by buddtholomew » Tue Nov 23, 2021 7:13 am

More pain ahead...
Almost done selling down to 10%

It’s unbelievable how poorly the PP is performing this year.
Thank the lord each day I don’t hold 4x25 anymore as my faith in this portfolio has faded to zero.

Gold and LTT’s in the toilet again.
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Re: The GOLD scream room

Post by mathjak107 » Tue Nov 23, 2021 8:39 am

buddtholomew wrote:
Tue Nov 23, 2021 7:13 am
More pain ahead...
Almost done selling down to 10%

It’s unbelievable how poorly the PP is performing this year.
Thank the lord each day I don’t hold 4x25 anymore as my faith in this portfolio has faded to zero.

Gold and LTT’s in the toilet again.
i hold 5% in gold , 5% bitcoin , 5% commodities and 5% cash flying fighter cover as opposed to the big position in gold . i dont feel gold alone is diversified enough anymore with all the alternatives.

that is 5% of my total investable assets in each and not one specific portfolio…gbtc and dbc have done well this year . gold , meh.

the other 80% is in the insight models , also up this year
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Re: The GOLD scream room

Post by Cortopassi » Tue Nov 23, 2021 9:50 am

We always know only one day of a gold selloff never happens.

We also know gold never rides up high for any length of time without getting spanked.

I know MJ was good at pulling the trigger on trading these events, and I tell ya, i am almost interested in doing some side options to take advantage.

This will as stated before allow me to sell off some of the high flying stocks and dump into TLT and gold and silver.

It actually feels good for me. I know you can pooh pooh the PP all the time, but the ability for me to be forced to harvest gains on these stocks is priceless.

And I'll feel better about it when eventually, maybe sometime in the lifetime of the known universe, stocks actually go down for more than a day or two.
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Re: The GOLD scream room

Post by murphy_p_t » Tue Nov 23, 2021 10:02 am

Sell high, buy low. Sounds like a good strategy.
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Re: The GOLD scream room

Post by buddtholomew » Tue Nov 23, 2021 10:05 am

Cortopassi wrote:
Tue Nov 23, 2021 9:50 am
We always know only one day of a gold selloff never happens.

We also know gold never rides up high for any length of time without getting spanked.

I know MJ was good at pulling the trigger on trading these events, and I tell ya, i am almost interested in doing some side options to take advantage.

This will as stated before allow me to sell off some of the high flying stocks and dump into TLT and gold and silver.

It actually feels good for me. I know you can pooh pooh the PP all the time, but the ability for me to be forced to harvest gains on these stocks is priceless.

And I'll feel better about it when eventually, maybe sometime in the lifetime of the known universe, stocks actually go down for more than a day or two.
I would feel really good about selling my Gold high and buying stocks on a pull-back.
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Re: The GOLD scream room

Post by murphy_p_t » Tue Nov 23, 2021 10:07 am

Mathjack, 5% commodities... How do you get that exposure?
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Re: The GOLD scream room

Post by vincent_c » Tue Nov 23, 2021 11:36 am

mathjak107 wrote:
Tue Nov 23, 2021 8:39 am
i hold 5% in gold , 5% bitcoin , 5% commodities and 5% cash flying fighter cover as opposed to the big position in gold . i dont feel gold alone is diversified enough anymore with all the alternatives.
holy shit MJ has more hodl BTC than I do.
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