Gyroscopic Investing

Oh no, a strong currency. Those poor Swiss, cant export their chocolate and clocks :/

This thing is really breaking down today

When it happens it seems never ending.

My cash position is almost getting close enough for a rebalance. I sense TLT and GLD will carry the day come later this year and next. But that would be a prediction, which is >50% likely wrong.

Does anyone else look at lines and domes and head and shoulders and other such graphics drawn in technical analysis and call bullshit like I do? You can draw this rounding bottom in any manner you'd like and start at any year. Someone could take this same exact plot and show why silver will go down for years as well I bet.

Straight sloped lines that connect peaks and valleys to draw wedges, etc. They are all so subject to interpretation. It's like astrology.

Where are all the “big shots”?
Calling techno...
What’s the plan?
Au still the be all end all...
I don’t think so.
It’s such a small portion of my portfolio it’s irrelevant now.

Good Lord why would you want to price silver in WTI? That's just silly.

Lovin' it!

ochotona wrote: ↑Wed Aug 15, 2018 10:14 am Good Lord why would you want to price silver in WTI? That's just silly.

Hah. I didn't even notice that. Just like the current correlation between the Yuan and gold. And the Chindian gold love trade. And seasonality.

All works. Until it doesn't.

And on cue, I have exceed my previous maximum PP YTD loss (from 5/1/2018)

At least TLT is up.

Is silver in single digits yet?

In July of...2013(?) I said that maybe gold would go to 750 before it goes up to 2000.
I think I'll hang out to see if that comes true.
Would like to buy a little more gold soon.

I wouldn’t even bother with Gold unless we see inflation. Not going to see much inflation with tariffs, a strong USD and rising rates.

buddtholomew wrote: ↑Wed Aug 15, 2018 1:18 pm I wouldn’t even bother with Gold unless we see inflation. Not going to see much inflation with tariffs, a strong USD and rising rates.

With everyone thinking that, doesn't that make it a good time to buy?

Xan wrote: ↑Wed Aug 15, 2018 2:15 pm

buddtholomew wrote: ↑Wed Aug 15, 2018 1:18 pm I wouldn’t even bother with Gold unless we see inflation. Not going to see much inflation with tariffs, a strong USD and rising rates.

With everyone thinking that, doesn't that make it a good time to buy?

No way. Much better to buy high and sell low. After all, that's what most people do.

stuper1 wrote: ↑Wed Aug 15, 2018 2:34 pm

Xan wrote: ↑Wed Aug 15, 2018 2:15 pm

buddtholomew wrote: ↑Wed Aug 15, 2018 1:18 pm I wouldn’t even bother with Gold unless we see inflation. Not going to see much inflation with tariffs, a strong USD and rising rates.

With everyone thinking that, doesn't that make it a good time to buy?

No way. Much better to buy high and sell low. After all, that's what most people do.

I’ve been hearing the same story since 1300..
Gets old after a while don’t you think?
You guys buy and tell me how it goes.
I’m holding.

I'm sorry if my question sounds dumb... can someone please explain what the heck is going on with gold? Multiple currencies are falling, equities are down, dollar is up, but why is gold dropping? Is gold still working as it's supposed to in HBPP?

foglifter wrote: ↑Wed Aug 15, 2018 2:40 pm I'm sorry if my question sounds dumb... can someone please explain what the heck is going on with gold? Multiple currencies are falling, equities are down, dollar is up, but why is gold dropping? Is gold still working as it's supposed to in HBPP?

Everyone is dumping foreign currency and running to the dollar which is spiking upward, which means the price of gold in dollars falls. Dollars buy more gold because they are stronger. A good question!

Radomski has been predicting $900 gold just around the corner for years... this time it might happen, and his extreme gold : silver is 100:1, not 80:1

Gold $890, and silver $8.90.

https://www.sunshineprofits.com/gold-si ... investors/

So with gold stagnant and bonds falling how has the overall PP been performing this year?

My allocation is down 2.3%

I whine about it, but I suppose that is nothing when you really think about it

Desert wrote: ↑Wed Aug 15, 2018 6:09 pm

dualstow wrote: ↑Wed Aug 15, 2018 12:21 pm In July of...2013(?) I said that maybe gold would go to 750 before it goes up to 2000.
I think I'll hang out to see if that comes true.
Would like to buy a little more gold soon.

I'm going to buy when dualstow buys, and not a dollar sooner.

Maybe we should run a periodic poll concerning when we are inclined to make a purchase. But now I can't see polling features. I thought we had those. Does anyone know how to do this?

Cortopassi wrote: ↑Wed Aug 15, 2018 8:41 pm My allocation is down 2.3%

I whine about it, but I suppose that is nothing when you really think about it

Isn't inflation running close to 3%, making the PP's real performance YTD down about 5%?

Don wrote: ↑Wed Aug 15, 2018 8:53 pm

Cortopassi wrote: ↑Wed Aug 15, 2018 8:41 pm My allocation is down 2.3%

I whine about it, but I suppose that is nothing when you really think about it

Isn't inflation running close to 3%, making the PP's real performance YTD down about 5%?

Even if it is, doesn't change what I'm going to do with my portfolio, though.

The most I would ever consider doing is when gold and silver are beaten down so badly it seems like they'll never come back, I might buy a couple LEAPS in a VP.

The good thing is, with the PP, I would have already bough these calls, and already be severely underwater. The PP has taught patience.

Desert wrote: ↑Wed Aug 15, 2018 6:09 pm

dualstow wrote: ↑Wed Aug 15, 2018 12:21 pm In July of...2013(?) I said that maybe gold would go to 750 before it goes up to 2000.
I think I'll hang out to see if that comes true.
Would like to buy a little more gold soon.

I'm going to buy when dualstow buys, and not a dollar sooner.

Boy am I the wrong person to follow, if history is any indication. I bought a lot of gold at 1600, though in my defense, I was still working my way up to that initial 25%. Had I gone all-in immediately, it would’ve been cheaper.

All metals rallying except...wait for it...

Au
What did you expect?

My PP is at an all time high after introducing SCV...I’ll hold Gold since backtesting proves it’s useful, but I think having international equity exposure is more beneficial.

Up $4. Not complaining.

The snapbacks on the stock market always seem to come and are almost always amazing.

I wonder what happens when that eventually fails.

Almost a given you can buy the market as close of a big down day and be up the next. Until I try.