Gyroscopic Investing

Smith1776 wrote: ↑Fri Aug 07, 2020 12:42 pm Hold on to yer gold, guys!

Massive sunspot is turning towards Earth this can result in major solar flares that can effect electrical systems
These sunspots occur on the photosphere region of the sun and can be huge in size - up to 50,000 kilometres in diameter

https://www.firstpost.com/tech/science/ ... 1.html/amp

Here's an interesting read
https://www.researchgate.net/publicatio ... rm_of_1859

Hal wrote: ↑Fri Aug 07, 2020 4:54 pm Here's an interesting read
https://www.researchgate.net/publicatio ... rm_of_1859

How much do you want to bet that if we send this to Peter Schiff he'll talk about it on his next podcast about why people should buy gold?

Mark Leavy wrote: ↑Fri Aug 07, 2020 2:32 pm Has anyone else noticed that gold did not go up by $100/oz today?
What's up with that?

Tech, Smith? What have you been doing all day?
Slackers.

Mark

Sorry boss, we'll try to do better tomorrow!

Hal wrote: ↑Fri Aug 07, 2020 4:54 pm

Smith1776 wrote: ↑Fri Aug 07, 2020 12:42 pm Hold on to yer gold, guys!

Massive sunspot is turning towards Earth this can result in major solar flares that can effect electrical systems
These sunspots occur on the photosphere region of the sun and can be huge in size - up to 50,000 kilometres in diameter

https://www.firstpost.com/tech/science/ ... 1.html/amp

Here's an interesting read
https://www.researchgate.net/publicatio ... rm_of_1859

I suspect the effects would be a bit more important if that happened this year.
Which I guess we should expect, given the rest of the insanity.

Libertarian666 wrote: ↑Fri Aug 07, 2020 5:27 pm Sorry boss, we'll try to do better tomorrow!

That's what I wanted to hear.
You're in charge of the floor, Tech.

Should you go short when the media says go long?

https://www.investmentnews.com/should-y ... ntnews.com

He doesn’t get a lot of love here and maybe he’s just trying to drum up business, but I like the headline.

https://www.marketwatch.com/story/gold- ... 2020-08-06

Gold rising to $4,000 an ounce ‘would not be an unreasonable move,’ fund manager says

{ Cuggino of PRPFX }

A few interesting pieces from Kitco...

Mohamed A. El-Erian: Gold is starting to take the place of big tech -
https://www.kitco.com/news/2020-08-09/G ... Erian.html

TD Securities prefers silver over gold-
https://www.kitco.com/news/2020-08-10/S ... ities.html

LBMA clears Perth Mint of serious wrongdoing in sourcing gold-
https://www.kitco.com/news/2020-08-10/L ... -gold.html

Yikes!
Guess I’ll be adding back to Gold today.
Bought back at IAU 18.61

i added some back too . i had halved my investment in the pp ....

buddtholomew wrote: ↑Tue Aug 11, 2020 8:13 am Yikes!
Guess I’ll be adding back to Gold today.
Bought back at IAU 18.61

Still timing the market? :-)

How kind of the markets to rebalance my portfolio by selling off gold so I don't have to.

Ugly_Bird wrote: ↑Tue Aug 11, 2020 10:26 am

buddtholomew wrote: ↑Tue Aug 11, 2020 8:13 am Yikes!
Guess I’ll be adding back to Gold today.
Bought back at IAU 18.61

Still timing the market? :-)

Around the edges, makes me feel like a useful engine.

Ouch. Sometimes I hate being right.

https://gyroscopicinvesting.com/forum/v ... 92#p202698

Tyler wrote: ↑Tue Aug 11, 2020 10:28 am How kind of the markets to rebalance my portfolio by selling off gold so I don't have to.

Don't spend your profits all in one place.

phew , talk about volatility ......

Glad I rebalanced last week and took some profit, I don't think my PP has seen such a large one day swing %-wise ever?

I had cut my holdings in half about a week or two ago .......

I had a very uncomfortable feeling about all assets in the pp ......it was like investors were punch drunk .


I started to add some back today ...I couldn’t resist .....today was a killer drop on even the half that was left exceeding 35k ..to think if I didn’t cut back it would have been 70k is insane ..

Cortopassi wrote: ↑Tue Aug 11, 2020 3:49 pm I don't think my PP has seen such a large one day swing %-wise ever?

Same. I manually updated my spreadsheet today as a forcing function to keep myself humble next time things are going gangbusters

mathjak107 wrote: ↑Tue Aug 11, 2020 5:00 pm I had cut my holdings in half about a week or two ago .......

I had a very uncomfortable feeling about all assets in the pp ......it was like investors were punch drunk .


I started to add some back today ...I couldn’t resist .....today was a killer drop on even the half that was left exceeding 35k ..to think if I didn’t cut back it would have been 70k is insane ..

If portfolio volatility is a serious issue, I should be the one freaking out, but I'm not.
I'm still way ahead for the year, which is good enough for me.

I have to slap myself but I actually took a look at GLD and SLV call options today. I have not looked at options for years.

Looks like the beating is continuing tonight. If it continues through morning, I may have to risk a few hundred on a couple 1-2 month out calls. I know I shouldn't, but I need to convince myself I still suck at timing options.

Libertarian666 wrote: ↑Tue Aug 11, 2020 7:28 pm

mathjak107 wrote: ↑Tue Aug 11, 2020 5:00 pm I had cut my holdings in half about a week or two ago .......

I had a very uncomfortable feeling about all assets in the pp ......it was like investors were punch drunk .


I started to add some back today ...I couldn’t resist .....today was a killer drop on even the half that was left exceeding 35k ..to think if I didn’t cut back it would have been 70k is insane ..

If portfolio volatility is a serious issue, I should be the one freaking out, but I'm not.
I'm still way ahead for the year, which is good enough for me.

the reality is today volatility is greater on all investments ... things move fast and furious both up and down ....

especial;ly in the pp when assets can move together and act like very very high equity positions .

for a daily drop the fall yesterday in the pp is my 2nd biggest in dollars to date .

but because i had cut the position in half and it still fell so much it may actually now be on a dollars down vs dollars invested basis the worst drop i have had in one day . i think 52k was my worst day with the insight models

Kitco site is down so don’t freak out.
Gold is up 1+% at the moment and Silver +2.4%

MangoMan wrote: ↑Wed Aug 12, 2020 2:41 pm Okay, so I have an interesting dilemma: Dentists accumulate scrap metal during the course of business and I have held it waiting for higher metal prices. Now that gold and silver are way up, I sent in a bunch for processing. They have given me the choice of tomorrow's spot prices (8/13), or the spot pricing on the day the assaying is complete (approx 7-10 days from now). Any advice which I should choose?

I want my fillings back!