Gyroscopic Investing

She is more smokin hot than a plate of Poutine

The damndest thing is that she's married... pretty sure anyway.

Really though, I personally think that some of the Kitco content is actually pretty good. They secure some decent interviews and such with various people in the industry.

I'd watch their videos even if Daniela weren't there... though with maybe just slightly less enthusiasm.

So we are seeing an alternate universe for gold’s behavior right now. Random theories to explain:

The latest move IS simply a random event.
The latest is a return to mean event after several sucky years.
The latest is fundamentally driven...if the US is going to ZIRP now, better to hold something that returns nothing than something that nicks you -.5% every year.

Fact: US inflation is historically low right now (annualized 1.8%)

Other theories from the crowd?

Kbg wrote: ↑Thu Aug 15, 2019 10:32 am So we are seeing an alternate universe for gold’s behavior right now. Random theories to explain:

The latest move IS simply a random event.
The latest is a return to mean event after several sucky years.
The latest is fundamentally driven...if the US is going to ZIRP now, better to hold something that returns nothing than something that nicks you -.5% every year.

Fact: US inflation is historically low right now (annualized 1.8%)

Other theories from the crowd?

I personally think that trying to strain to find a fundamental reason for what right now is still a short term move is silly. Short term, people buy things because they are going up and sell things because they are going down. There's simply nothing more to it than that. If the trend sticks for a couple years we will be able to look back and speculate on a reason, but even then, nobody really knows the reason behind these things. This is why I like technicals more than fundamentals. Gold started to go up because of fear, that led to a short squeeze, and now it's still got fear behind it, but the short squeeze caught the interest of the longs which brought momentum and FOMO into the party. This is how pretty much all new bull markets start, they bottom, start to go up, catch a short squeeze, then finally the momentum and FOMO crowds start to join in. Fundamentally speaking, gold was undervalued. Technically speaking, gold had formed one of the most beautiful long term bases I've ever seen, and it slowly over years finally built up enough steam to blow the lid off the pot.

pmward wrote: ↑Thu Aug 15, 2019 11:17 am Technically speaking, gold had formed one of the most beautiful long term bases I've ever seen, and it slowly over years finally built up enough steam to blow the lid off the pot.

Same exact thing will happen to oil. Gold took six years, which means we have to look past 2020 for oil to do the same.

People are figuring out that Permian is a money-losing scam, and although electric cars are fine for what they are and do, Tesla is going to the wood-chipper too, and lots of things still need oil, and we've way underinvested in finding the oil we need in the 2020s and 2030s. Beyond 2030, yeah, maybe we use less oil per capita. But we will have 10 billion capitas?

I am looking at my ex-employer Schlumberger. They pay 6% dividend. Not time to buy, but someday. Trading 1/3 of price from mid 2014.

Kbg wrote: ↑Thu Aug 15, 2019 10:32 am So we are seeing an alternate universe for gold’s behavior right now. Random theories to explain:

The latest move IS simply a random event.
The latest is a return to mean event after several sucky years.
The latest is fundamentally driven...if the US is going to ZIRP now, better to hold something that returns nothing than something that nicks you -.5% every year.

Fact: US inflation is historically low right now (annualized 1.8%)

Other theories from the crowd?

The inflation is in the financial markets. Especially bonds. How long will it last? Dunno. But I'm riding the train same as everybody else.

Took some TLT profits on Friday, holding in cash (2% dividend) to see if we get a dip in gold, will buy ETF in IRAs to supplement physical. Would like $1380 level over the next few months.

Did you hit a rebalance band then?

I'm not even close. Darn the PP for being so stable!

LOL...

https://youtu.be/rLDwWKsWu50

Ad Orientem wrote: ↑Tue Aug 20, 2019 1:45 pm LOL...

https://youtu.be/rLDwWKsWu50

I’ve seen that on cnbc and it creeps me out. Where are they running to? Are they werewolves? They scare me.

I would not even look at GBTC above $5 per share

The BTC two peaks look like gold 1980 and 2011 !!!

Goooooollllldddd!!

1546 now

oh my

dualstow wrote: ↑Sun Aug 25, 2019 7:41 pmoh my

When is $1600?

But seriously it needs a breather at some point

No, it doesn't need to stop. It's not going to... yet.

It's going to $5,000; then to $10,000; then it's going to $20,000.

When it hits $20,000 Craig and Tex will come back and write a new edition of their book that advocates replacing gold with platinum in the PP.

The U.S. Dollar collapses and at the same time NASA finally captures that gold packed asteroid up in space. The gold price subsequently collapses as well, and the price of platinum rises to 1 trillion dollars per ounce.

Craig and Tex, for their prudence, become joint fed chairmen and the true believers on this forum all become members of the board of governors.

Smith1776 wrote: ↑Mon Aug 26, 2019 1:01 am No, it doesn't need to stop. It's not going to... yet.

It's going to $5,000; then to $10,000; then it's going to $20,000.

BYAH!

Just minutes ago, I removed a long ingrown beard whisker AND got rid of IAU in my 401(k) above breakeven.
The two experiences felt rather the same.

(I still believe in holding 25% gold in the pp. This is just a move to holding all physical).

P.S. ^Love that Dean scream, Kriegs.^

dualstow wrote: ↑Tue Aug 27, 2019 11:27 am Just minutes ago, I removed a long ingrown beard whisker AND got rid of IAU in my 401(k) above breakeven.
The two experiences felt rather the same.

(I still believe in holding 25% gold in the pp. This is just a move to holding all physical).

P.S. ^Love that Dean scream, Kriegs.^

I just sold my shares in NEM (Newmont Goldcorp) and will move my HSA to Fidelity and re-buy IAU... sorry Lively HSA, I have too many login accounts. And the ETFs are off-brands.

I set up a taxable TD Ameritrade account with a cashless HBPP in it, total value $109, so I can keep using TD's fine alerting system.

Good luck with getting your money out of LIvely! It can be done, but it was like pulling teeth. Be prepared to spend hours on the phone repeatedly, and expect the process to take around 3 months (which is how long it took for me). I'm sure they have seen a lot of their accounts go to Fidelity. It will definitely be simpler if you liquidate the TDA account and transfer the cash into Lively, rather than attempting an in-kind transfer.

Dualstow: all physical, eh?? Wow!! Didn't know you were hardcore.

sophie wrote: ↑Tue Aug 27, 2019 8:23 pm Good luck with getting your money out of LIvely! It can be done, but it was like pulling teeth. Be prepared to spend hours on the phone repeatedly, and expect the process to take around 3 months (which is how long it took for me). I'm sure they have seen a lot of their accounts go to Fidelity. It will definitely be simpler if you liquidate the TDA account and transfer the cash into Lively, rather than attempting an in-kind transfer.

Dualstow: all physical, eh?? Wow!! Didn't know you were hardcore.

Yes, vacating my positions in TDA, pushing the cash to Lively.

Not hardcore, Soph. I guess I feel like I’ll be holding gold long-term, so I would rather have metal than paper. IAU will lose value over time if the price treads water. I can give the coins to heirs.

Also, there is no paperwork to fill out for the accountant.

Well, gold is back down to earth. I cannot decide if I'd rather have it go up or down at this point.
I think I have achieved nirvana.

dualstow wrote: ↑Thu Aug 29, 2019 2:45 pm Well, gold is back down to earth. I cannot decide if I'd rather have it go up or down at this point.
I think I have achieved nirvana.

$1525 is "back down to earth"? Or are my quotes stale?