Gyroscopic Investing

annie in another thread wrote:Dennis Gartman says GOLD looksto be headed several hundred dollars higher.
He generally knows about these things.

dualstow wrote: Next week?
Or perhaps after dropping to 750 for 13 years?

That's what I want to know.

AlanT wrote: I'm pretty sure you're just being facetious here, but I don't think we'll ever see $750 gold again.  However, anything close and I'll sell the farm and load up.

Are you loading up, Alan T? %wise, I guess we're not "close" yet.

What, no cheers after gold has helped the PP's performance for the past few days? 

Here, here for my little gold friends!  I read so much negativity on here from Mathjak and others, but I have to say that I have never felt better about investing then I have since I started the HBPP.  I actually invest my stock portion following the Paul Merriman index fund mix.  I love purchasing gold coins for the first time in my life.  When the market is down I think of Craig Rowland's "eye of the storm" reference.  You can't feel but so badly when you are holding all 4 asset classes.  I look forward to rebalancing band opportunities and am enjoying the ride, even when things are down and I am making purchases.

Thanks to everyone for the excellent discussion, including you Mathjak.

gold has been showing some life the last couple of days . hope it continues.

despite my own sentiments about owning it i would like nothing more than to see you guys and girls be able to tell me see you were wrong .  no one should have to sit with losses  , even if it means i was wrong .    so good luck and hope it continues .

Dilbert does gold again:

mathjak107 wrote: gold has been showing some life the last couple of days . hope it continues.

despite my own sentiments about owning it i would like nothing more than to see you guys and girls be able to tell me see you were wrong .  no one should have to sit with losses  , even if it means i was wrong .    so good luck and hope it continues .

One of the most refreshing things about this forum is the high percentage of adults in the room.

mathjak107 wrote: despite my own sentiments about owning it i would like nothing more than to see you guys and girls be able to tell me see you were wrong . 

Don't forget that pp'ers are not gold bugs and we're not holding gold because we predict it will rise. We hold the four assets because we admit we don't know. I for one will not say, "See, you were wrong." At the most I'll say, "I didn't know gold was going to do that either!" 

dualstow wrote:

mathjak107 wrote: despite my own sentiments about owning it i would like nothing more than to see you guys and girls be able to tell me see you were wrong . 

Don't forget that pp'ers are not gold bugs and we're not holding gold because we predict it will rise. We hold the four assets because we admit we don't know. I for one will not say, "See, you were wrong." At the most I'll say, "I didn't know gold was going to do that either!" 

Not to mention it may take years or longer for a meaningful upward move in gold to materialize, and as you said, it makes no difference at all to a PP holder.

What does make a difference to the PP holder is leaving the day to day market analysis to the people that get paid to do the day to day market analysis. It makes me a little nauseous when I think about how many hours I've lost in my life staring at numbers on a screen even when I had no plan to make any portfolio changes. Just mind-numbing anger-inducing screen staring.. Honestly I can't think of a bigger waste of time.

iwealth wrote: It makes me a little nauseous when I think about how many hours I've lost in my life staring at numbers on a screen even when I had no plan to make any portfolio changes.
.. Honestly I can't think of a bigger waste of time.

Like mice in a Skinner box waiting for our food pellets. 

AHHHH!!!

https://www.youtube.com/watch?v=VxTQKxyJyxw

A new three-month high, but no one is celebrating? What a bunch of Scrooges! 

We are all so beaten down, it is better to climb the wall of worry, where every pop up has an expected slam back down. 

Does seem more resilient past couple weeks though.

Ok, I am celebrating a little tiny bit!

Cortopassi wrote: Ok, I am celebrating a little tiny bit!

Shhhhh!

Libertarian666 wrote: A new three-month high, but no one is celebrating? What a bunch of Scrooges! 

I'm a scrooge when it comes to filling up the forum threads with ephemeral celebrations. Sure, I'll waste a post on a single smiley or "thanks!" if warranted, but why fill up a page with "It was a good day" ... "It was a bad day" ... "It was a good..."

Well, as long as I'm taking up this space,
Good day for the pp, eh? gold AND bonds. 

Agreed!  So great when you see the PP doing its job! 

Ahoy, matey!

Last time gold attacked its 200-day moving average as it is doing right now, it collapsed 10%.  So don't count your chicken just yet.

Although, one of my three gold timing models is indicating that we will bottom this month so long as we don't tank too much before the end of the month.  I've already bought my bag 'o junk silver early (a mistake, I assure you).

For the Swedish investor, gold is not a three month high. In fact it is quiet stable. Gold has been climbing at an almost equal pace that the USDollar has plummeted. I find it quiet interesting to be able to see the behavior of USDollar.

you can watch how much gold is effected by the us dollar here . click where it says did gold really go up ?




http://www.kitco.com/market/

lordmetroid wrote: For the Swedish investor, gold is not a three month high. In fact it is quiet stable. Gold has been climbing at an almost equal pace that the USDollar has plummeted. I find it quiet interesting to be able to see the behavior of USDollar.

Ha. In my bubble, sometimes I forget that gold "going up" might just be the US buck coming back down.

I can't believe this thread has 69,666 hits (not counting mine) yet other more important topics on economics, health and humanitarian issues attract crickets.  I'm just not going to bother anymore.  Anyway, the below is for technonovelist but I can't find the thread where he outlined his gold and CHF heavy portfolio:

Tekoa: Any hard lessons learnt come to mind?

Doug: Well, don’t get too “long.” There was the crash in 1987 (which is ancient history at this point) and I was long probably an illegal amount of commodity contracts.

It was the summer of 1987. Gold went up and gold stocks held steady during the crash at that time. I thought, “Oh, a financial calamity. Gold and gold stocks are going to explode upwards.”

Well, they all collapsed the very next day. So my losses were redoubled and I spent the next day in bed, shocked at what happened to all my money. That was a learning experience. But that stuff happens.

That is doom porn huckster, Doug Casey, responding up there.  This is telling also:

Doug: I enjoy running around 3rd-world countries (preferably run by military dictators) and counseling them on how to turn their nothing-nowhere country into Singapore on steroids. So that’s one of my hobbies. I’ve been doing it for 30 years now with zero success but next time will do the trick.

MachineGhost wrote: I can't believe this thread has 69,666 hits (not counting mine) yet other more important topics on economics, health and humanitarian issues attract crickets.  I'm just not going to bother anymore.  Anyway, the below is for technonovelist but I can't find the thread where he outlined his gold and CHF heavy portfolio:

Tekoa: Any hard lessons learnt come to mind?

Doug: Well, don’t get too “long.” There was the crash in 1987 (which is ancient history at this point) and I was long probably an illegal amount of commodity contracts.

It was the summer of 1987. Gold went up and gold stocks held steady during the crash at that time. I thought, “Oh, a financial calamity. Gold and gold stocks are going to explode upwards.”

Well, they all collapsed the very next day. So my losses were redoubled and I spent the next day in bed, shocked at what happened to all my money. That was a learning experience. But that stuff happens.

That is doom porn huckster, Doug Casey, responding up there.  This is telling also:

Doug: I enjoy running around 3rd-world countries (preferably run by military dictators) and counseling them on how to turn their nothing-nowhere country into Singapore on steroids. So that’s one of my hobbies. I’ve been doing it for 30 years now with zero success but next time will do the trick.

Anyone who uses margin with precious metals is insane. They are quite volatile enough without that.
I should know; I bought silver on the day of the top in 1980... on margin.
I quickly learned why that is a bad idea, and I've never used margin since.

None of which has anything to do with the composition of my portfolio, other than that I don't use margin in it (obviously).

Some people are trading NUGT... triple-leverage gold ETF. It got slammed -27% in the past two days. Insanity. Only computers can trade stuff like that.

I think we need to see three digits in gold to completely destroy morale.

I get sicker and sicker every day listening to the Fed.  Let's jawbone a rate hike in Dec yet again to make sure we take enough air out of everything so that when we can't raise, things won't get too out of hand.  Aargh.

Cortopassi wrote: I get sicker and sicker every day listening to the Fed.  Let's jawbone a rate hike in Dec yet again to make sure we take enough air out of everything so that when we can't raise, things won't get too out of hand.  Aargh.

I don't think Yellen has any viable moves at this point. She'll keep pushing the date for a "intended" rate hike out as long as she can. She kinda can't just come right out and say that the economy is too crappy to raise. In my opinion the next move is QE4. It won't do much but I think The Fed has to appear to be doing something. We'll see. No bullets left at this point. Everything looks deflationary to me but you never know what moves in China, Europe or elsewhere might set something in motion where all this money sloshing around really does end up being inflationary.