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Re: The GOLD scream room

Posted: Wed Mar 21, 2018 4:02 pm
by Cortopassi
https://www.investopedia.com/articles/i ... s-gold.asp

Despite widespread popular belief of a strong negative correlation between interest rates and the price of gold , a long-term review of the respective paths and trends of interest rates and gold prices reveals that no such relationship actually exists. The correlation between interest rates and the price of gold over the past half century, from 1970 to 2015, has only been about 28%, which is considered to be not much of a significant correlation at all.

Given the historical tendencies of the actual reactions of stock market prices and gold prices to interest rate increases, the likelihood is greater that stock prices will be negatively impacted by rising interest rates and that gold may in fact benefit as an alternative investment to equities.

Re: The GOLD scream room

Posted: Wed Mar 21, 2018 4:55 pm
by technovelist
ochotona wrote:Why did gold spike today? Isn't the Fed being hawkish?
Don't worry, I'm sure this is just a glitch in the matrix. Gold should be plunging because I just bought a chunk!

Re: The GOLD scream room

Posted: Wed Mar 21, 2018 7:11 pm
by ochotona

Re: The GOLD scream room

Posted: Fri Mar 23, 2018 12:50 pm
by Mr Vacuum
It's working today, budd!!!

Re: The GOLD scream room

Posted: Fri Mar 23, 2018 2:57 pm
by Cortopassi
Sure is!

Image

Re: The GOLD scream room

Posted: Fri Mar 23, 2018 3:03 pm
by buddtholomew
I guess...
Gold closed at the lows + 1.3 with the S&P down 2.1%. TLT was down so nothing magical.
70/30 allocation is bruised but to be expected. After today, both 70/30 and PP should be down about the same YTD.

Re: The GOLD scream room

Posted: Fri Mar 23, 2018 6:34 pm
by Mr Vacuum
Classic, budd. I spoke too soon while the stocks loss was smaller. But corto is also right on: gold is still tops on the YTD (and has been the 3mo leader all month).

Re: The GOLD scream room

Posted: Fri Mar 23, 2018 6:40 pm
by buddtholomew
Mr Vacuum wrote:Classic, budd. I spoke too soon while the stocks loss was smaller. But corto is also right on: gold is still tops on the YTD (and has been the 3mo leader all month).
I can’t let the team down now ;)
The benefits of holding a PP over an equity-centric portfolio are becoming much more evident as my variant of the PP is 1/5 the volatility of the 70/30 over the last couple days.

Re: The GOLD scream room

Posted: Sat Mar 24, 2018 2:00 pm
by technovelist
buddtholomew wrote:
Mr Vacuum wrote:Classic, budd. I spoke too soon while the stocks loss was smaller. But corto is also right on: gold is still tops on the YTD (and has been the 3mo leader all month).
I can’t let the team down now ;)
The benefits of holding a PP over an equity-centric portfolio are becoming much more evident as my variant of the PP is 1/5 the volatility of the 70/30 over the last couple days.
Glad to hear that you are finally seeing some benefits!

Re: The GOLD scream room

Posted: Sat Mar 24, 2018 3:49 pm
by Ugly_Bird
technovelist wrote: Glad to hear that you are finally seeing some benefits!
Just wait a little. :-)

Re: The GOLD scream room

Posted: Mon Mar 26, 2018 10:25 am
by dualstow
Doesn't warrant its own thread, but here's an opinion piece from the WSJ on metal tariffs, gold and fiat money. (Really the latter two).
I am not for or against it; just think of me as a bot responsible for bringing gold-related articles here.
I made an archive so you should be able to read it without a subscription.

http://archive.is/d3eES

Re: The GOLD scream room

Posted: Wed Mar 28, 2018 9:10 am
by buddtholomew
So sad, but expected for sure.