The GOLD scream room

Discussion of the Gold portion of the Permanent Portfolio

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Ad Orientem
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Re: The GOLD scream room

Post by Ad Orientem » Tue Jul 02, 2019 3:17 pm

Xan wrote:
Tue Jul 02, 2019 2:25 pm
Cortopassi wrote:
Tue Jul 02, 2019 2:15 pm
If the last month in gold doesn't have your head spinning, you are a very calm person.
Or you're not paying attention. Which the PP is good at letting you do.
+1
johntaylor
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Re: The GOLD scream room

Post by johntaylor » Tue Jul 02, 2019 6:26 pm

Xan wrote:
Tue Jul 02, 2019 2:25 pm
Cortopassi wrote:
Tue Jul 02, 2019 2:15 pm
If the last month in gold doesn't have your head spinning, you are a very calm person.
I am only in my first year in PP and my head is spinning constantly, can't stop checking the charts.
Or you're not paying attention. Which the PP is good at letting you do.
They assured me go into PP and you can relax and sleep as a baby. it is a lie! Better go into 60/40 looks much more relaxed ;)
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Ad Orientem
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Re: The GOLD scream room

Post by Ad Orientem » Tue Jul 02, 2019 8:30 pm

johntaylor wrote:
Tue Jul 02, 2019 6:26 pm
Xan wrote:
Tue Jul 02, 2019 2:25 pm
Cortopassi wrote:
Tue Jul 02, 2019 2:15 pm
If the last month in gold doesn't have your head spinning, you are a very calm person.
I am only in my first year in PP and my head is spinning constantly, can't stop checking the charts.
Or you're not paying attention. Which the PP is good at letting you do.
They assured me go into PP and you can relax and sleep as a baby. it is a lie! Better go into 60/40 looks much more relaxed ;)
If a 60/40 portfolio would make you more comfortable then by all means go there. If you are not sleeping at night then you need to make some changes.
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technovelist
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Re: The GOLD scream room

Post by technovelist » Tue Jul 02, 2019 9:09 pm

Cortopassi wrote:
Tue Jul 02, 2019 2:15 pm
If the last month in gold doesn't have your head spinning, you are a very calm person.

Sunday night, oh yeah, Trump is pulling back on all the China tariff talk, gold is going to get hammered. And it did.

Tuesday morning -- what changed??
My head is doing fine, thanks.

That's because I know why the price has been going up: I've been selling.

Nobody panic! I'm selling a bit to bring up my cash position to 10% or so to cover my next couple of years' expenses.
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Ad Orientem
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Re: The GOLD scream room

Post by Ad Orientem » Wed Jul 17, 2019 1:47 pm

Ray Dalio says gold will be a top investment during upcoming ‘paradigm shift’ for global markets...

https://www.cnbc.com/2019/07/17/ray-dal ... rkets.html
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Smith1776
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Re: The GOLD scream room

Post by Smith1776 » Wed Jul 17, 2019 3:10 pm

Ad Orientem wrote:
Wed Jul 17, 2019 1:47 pm
Ray Dalio says gold will be a top investment during upcoming ‘paradigm shift’ for global markets...

https://www.cnbc.com/2019/07/17/ray-dal ... rkets.html
Love it.
Early to bed and early to rise makes a man healthy, wealthy, and wise.
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Re: The GOLD scream room

Post by pmward » Wed Jul 17, 2019 3:13 pm

Technically speaking, gold just broke out of another consolidation today. After breaking out of the wedge like a rocket last month, the last 4 weeks it's been consolidating in a pennant. A pennant formation can be either bullish or bearish. So I've been watching it closely to see which way it resolves. Today was a pretty decisive breakout above that pennant. It's also the highest daily close we've had of this rally. All the above using IAU for analysis.
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Re: The GOLD scream room

Post by Cortopassi » Wed Jul 17, 2019 3:59 pm

I would love for you to be right, but I'll be climbing that wall of worry, until I can rebalance because gold breaks my upper band!
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Re: The GOLD scream room

Post by pmward » Wed Jul 17, 2019 4:33 pm

Cortopassi wrote:
Wed Jul 17, 2019 3:59 pm
I would love for you to be right, but I'll be climbing that wall of worry, until I can rebalance because gold breaks my upper band!
What price is your rebalance band triggered at?
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Re: The GOLD scream room

Post by Ad Orientem » Wed Jul 17, 2019 6:21 pm

And while we are on the subject... silver has shot all the way up to $16.00. I have been nibbling in silver for the last year as the silver gold price ration has climbed from the high 70s:1 range up to 93:1. Just recently... touching a 45 year high.
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Re: The GOLD scream room

Post by Cortopassi » Wed Jul 17, 2019 9:05 pm

pmward wrote:
Wed Jul 17, 2019 4:33 pm
Cortopassi wrote:
Wed Jul 17, 2019 3:59 pm
I would love for you to be right, but I'll be climbing that wall of worry, until I can rebalance because gold breaks my upper band!
What price is your rebalance band triggered at?
It’s all back and forth with the other assets, right? If the others were to stay exactly as where they are now, I would rebalance at gold north of $2000 an ounce, 140% band.

Sure....I’ll be happy if I can rebalance out of gold a bit at my annual rebalance in Jan
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Re: The GOLD scream room

Post by technovelist » Thu Aug 01, 2019 8:19 pm

Almost $1450 this afternoon. Yay?
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