The GOLD scream room

Discussion of the Gold portion of the Permanent Portfolio

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ochotona
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Re: The GOLD scream room

Post by ochotona » Wed Aug 07, 2019 11:33 am

technovelist wrote:
Wed Aug 07, 2019 9:01 am
$1500 in the rear view mirror.
Thank you for selling!
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Re: The GOLD scream room

Post by dualstow » Wed Aug 07, 2019 1:23 pm

Please sell some more, tech. I’m finally at breakeven today, but feeling greedy.
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technovelist
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Re: The GOLD scream room

Post by technovelist » Wed Aug 07, 2019 3:14 pm

dualstow wrote:
Wed Aug 07, 2019 1:23 pm
Please sell some more, tech. I’m finally at breakeven today, but feeling greedy.
I’m selling silver right this minute. Does that work for you?
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Re: The GOLD scream room

Post by dualstow » Wed Aug 07, 2019 8:27 pm

I don’t hold any silver to speak of, but you’ll make Ad O happy.
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Re: The GOLD scream room

Post by Ad Orientem » Wed Aug 07, 2019 11:05 pm

dualstow wrote:
Wed Aug 07, 2019 8:27 pm
I don’t hold any silver to speak of, but you’ll make Ad O happy.
I generally don't speculatively buy when the market is moving violently up. Yes, I'm regretting not having bought more silver when it was under $15 oz. But that's life. Today was still a really good day.
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Cortopassi
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Re: The GOLD scream room

Post by Cortopassi » Tue Aug 13, 2019 7:48 am

You too can become an analyst! Just learn how to speak out of both sides of your mouth. From Kitco this morning:

Image
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Re: The GOLD scream room

Post by flyingpylon » Tue Aug 13, 2019 8:42 am

Don't just stand there... stand there and worry!
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Re: The GOLD scream room

Post by dualstow » Tue Aug 13, 2019 8:56 am

That’s right, Corto. Always express concern, but leave hope! O0
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Re: The GOLD scream room

Post by Cortopassi » Tue Aug 13, 2019 9:26 am

Tariffs delayed, gold slammed, stocks surge!

What a joke these markets are!
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Re: The GOLD scream room

Post by pmward » Tue Aug 13, 2019 10:11 am

Not surprising, gold is right at a major resistance level. Not surprised to see a little struggle and cool off, regardless of fundamentals. It has recovered most of its initial losses with the tariff news this morning though. Honesty, I don't trust any of the markets right now. I still think stocks are going to be the asset to give first. This directionless volatile thrashing up and down every day feels an awful lot like last fall, right before the winter plunge. Although, I do also agree with Kitco that gold and bonds have come a long way, likely do have more upside over the medium to long term, but probably also need a cool off in the short term. I wouldn't be surprised if we have just pulled our defense forward over the last few months; in other words, I wouldn't be surprised to see stocks plunge at some point before the end of the year, while gold and bonds basically just trade sideways instead of further gains. That's not to say they can't continue up, but I think in the near term they are both at risk of going parabolic, and that means that the more they rally the more they are both at risk of a short term plunge as well. What we don't want to see is a sell everything market, and if bonds and gold continue to go parabolic that becomes a tangible possibility. I think that a few months of sideways chop, or even a good 5-10% retrace pullback in both gold and bonds would be healthy for the long term uptrend (not to mention giving us more opportunity to add on by buying the dip). I'm still a believer in both bonds and gold long term, but I would be lying if I said I wasn't getting a bit queasy from the ride at the moment.
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ochotona
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Re: The GOLD scream room

Post by ochotona » Tue Aug 13, 2019 1:11 pm

Cortopassi wrote:
Tue Aug 13, 2019 9:26 am
Tariffs delayed, gold slammed, stocks surge!

What a joke these markets are!
Just wait until TLT gives up some of its recent gains. That will be painful.
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Re: The GOLD scream room

Post by Smith1776 » Tue Aug 13, 2019 4:41 pm

Cortopassi wrote:
Tue Aug 13, 2019 7:48 am
You too can become an analyst! Just learn how to speak out of both sides of your mouth. From Kitco this morning:

Image

Does this mean I’d get to hang around Daniela Cambone all day?

;D
Early to bed and early to rise makes a man healthy, wealthy, and wise.
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