The GOLD scream room

Discussion of the Gold portion of the Permanent Portfolio

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technovelist
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Re: The GOLD scream room

Post by technovelist » Tue Mar 24, 2020 5:35 pm

dualstow wrote:
Tue Mar 24, 2020 5:21 pm
Care to share the speculation?

P.S. This is one of those days that I don’t mind gold moving in near lockstep with equities.
Yeah, I bought a 295 call option on the S&P 500, expiring April 20th.
As one point this morning I was down 80% or something like that.
I put in a sell order at my cost and it got executed during the spike.
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dualstow
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Re: The GOLD scream room

Post by dualstow » Tue Mar 24, 2020 5:41 pm

whew
loot "goods taken from an enemy, etc.," 1839, Anglo-Indian, from Hindi lut, from Sanskrit loptram, lotram "booty, stolen property,"fm. PIE root *reup- "to snatch"
curfew - early 14c., curfeu, "evening signal, ringing of a bell at a fixed hour" as a signal to extinguish fires and lights, ... from Old French cuevrefeu, literally "cover fire"
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technovelist
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Re: The GOLD scream room

Post by technovelist » Tue Mar 24, 2020 5:47 pm

There's almost $150 bid/ask spread on Kitco's gold pool.
Normal is $1.
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Re: The GOLD scream room

Post by technovelist » Tue Mar 24, 2020 5:48 pm

dualstow wrote:
Tue Mar 24, 2020 5:41 pm
whew
It wasn't that much money but I still didn't want to have to explain it to my wife. :)
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dualstow
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Re: The GOLD scream room

Post by dualstow » Tue Mar 24, 2020 5:52 pm

Mine always asks, “Are we...doing ok?” “Yes, Dear. We’re fine.”
End of financial conversation. O0
loot "goods taken from an enemy, etc.," 1839, Anglo-Indian, from Hindi lut, from Sanskrit loptram, lotram "booty, stolen property,"fm. PIE root *reup- "to snatch"
curfew - early 14c., curfeu, "evening signal, ringing of a bell at a fixed hour" as a signal to extinguish fires and lights, ... from Old French cuevrefeu, literally "cover fire"
ppnewbie
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Re: The GOLD scream room

Post by ppnewbie » Tue Mar 24, 2020 6:06 pm

Gold up from below 1500 to 1680 to 1630. Crazy.
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Ad Orientem
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Re: The GOLD scream room

Post by Ad Orientem » Tue Mar 24, 2020 6:41 pm

ppnewbie wrote:
Tue Mar 24, 2020 6:06 pm
Gold up from below 1500 to 1680 to 1630. Crazy.

Now at 1688. That was a bad year.

Eh. Maybe I'm too superstitious.
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Re: The GOLD scream room

Post by Kriegsspiel » Tue Mar 24, 2020 6:45 pm

Poor lil Kitco, looks like their site crashed.
All of humanity’s problems with coronavirus stem from a man’s inability to sit quietly in a room alone.
- Blasé Kriegsspiel
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Re: The GOLD scream room

Post by dualstow » Tue Mar 24, 2020 6:53 pm

Kriegsspiel wrote:
Tue Mar 24, 2020 6:45 pm
Poor lil Kitco, looks like their site crashed.
Looks ok
loot "goods taken from an enemy, etc.," 1839, Anglo-Indian, from Hindi lut, from Sanskrit loptram, lotram "booty, stolen property,"fm. PIE root *reup- "to snatch"
curfew - early 14c., curfeu, "evening signal, ringing of a bell at a fixed hour" as a signal to extinguish fires and lights, ... from Old French cuevrefeu, literally "cover fire"
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Re: The GOLD scream room

Post by pmward » Mon Apr 06, 2020 7:04 pm

Gold futures are now up over $1730 for a new cycle high.
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Re: The GOLD scream room

Post by Cortopassi » Mon Apr 06, 2020 9:51 pm

On what site? The numbers are completely inconsistent!
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Re: The GOLD scream room

Post by pmward » Mon Apr 06, 2020 9:55 pm

Cortopassi wrote:
Mon Apr 06, 2020 9:51 pm
On what site? The numbers are completely inconsistent!
Gold futures contract (GC1!) on TradingView. Looks like it pulled back a bit to $1710, but still over that psychological $1700 barrier.
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