The GOLD scream room

Libertarian666 · Post by **Libertarian666** » Fri Apr 07, 2017 7:43 pm

ochotona wrote:Gold sure doesn't have any lasting "crisis alpha" the way people imagine

Some people may imagine that.

All I know is that it has the longest track record of any investment class in the world.

Post by **dualstow** » Tue Apr 11, 2017 11:48 am

1270 today

Cortopassi · Post by **Cortopassi** » Tue Apr 11, 2017 1:23 pm

Quiet! The minute you show any positiveness toward gold it will dash your hopes!

Post by **dualstow** » Tue Apr 11, 2017 1:35 pm

Cortopassi wrote:Quiet! The minute you show any positiveness toward gold it will dash your hopes!

-I mean, uhhhh, "only 1270. It'll never go up to 4000 at this rate!"

Libertarian666 · Post by **Libertarian666** » Wed Apr 12, 2017 7:06 pm

No jumping up and down now that gold is approaching $1300?

I told you it would go up after I sold some.

ochotona · Post by **ochotona** » Wed Apr 12, 2017 8:16 pm

Libertarian666 wrote:No jumping up and down now that gold is approaching $1300?

I told you it would go up after I sold some.

And if I buy, it will go down!

Post by **dualstow** » Thu Apr 13, 2017 8:01 am

Darn, only 1287. A this rate, we'll never hit 3000 an ounce. Right, Corto?

Cortopassi · Post by **Cortopassi** » Thu Apr 13, 2017 8:08 am

That's right! I see us slowly sliding to $800, THEN we can backup the truck.

Even I will admit it is showing a good amount of strength.

Not to get off topic, but maybe it has something to do with Trump doing 180s on virtually everything as well as the concern of the French elections coming up.

Somehow, sometime soon, someone will find a way to slam it back down and attribute a supposedly valid reason to it.

ochotona · Post by **ochotona** » Thu Apr 13, 2017 9:24 am

The Chaos President opens his mouth

Kbg · Post by **Kbg** » Fri Apr 14, 2017 12:58 am

Cortopassi wrote:That's right! I see us slowly sliding to $800, THEN we can backup the truck.

Even I will admit it is showing a good amount of strength.

Not to get off topic, but maybe it has something to do with Trump doing 180s on virtually everything as well as the concern of the French elections coming up.

Somehow, sometime soon, someone will find a way to slam it back down and attribute a supposedly valid reason to it.

Who knows...i will guess the us market is just taking a breather because it has been on a hot streak. Gold and LTTs are benefiting as folks call in some bets for whatever reasons and rotate to other asset classes

ochotona · Post by **ochotona** » Sat Apr 15, 2017 6:15 am

I heard this guy Arora on a Kitco video say the other day that there exists an industry designed to harvest money from Mom and Pop gold traders who trade using simple rules like the 200 day MA. That explains why when people start chasing gold, it suddenly reverses on them and they wreck. Good advice use your own criteria and don't chase it.

ochotona · Post by **ochotona** » Sat Apr 22, 2017 12:34 pm

I wonder what's next for gold? $1310 or $1260? The guessing never stops. One more buy, and I'm done with large buys. I think it will be an ETF buy, so I can more easily rebalance in the future.

Post by **dualstow** » Sat Apr 22, 2017 5:27 pm

ochotona wrote:I wonder what's next for gold? $1310 or $1260?

1260. Then 1310. Then 1260 again...

Cortopassi · Post by **Cortopassi** » Sat Apr 22, 2017 5:33 pm

dualstow wrote:
ochotona wrote:I wonder what's next for gold? $1310 or $1260?
1260. Then 1310. Then 1260 again...

Yes, never to see 1300 again. I'll take the negative side now and hopefully it will do the opposite.

Tomorrow may be big. If Le Pen doesn't make it through, look out below. If she does, I assume some upward momentum.

ochotona · Post by **ochotona** » Sat Apr 22, 2017 9:07 pm

Or the exact opposite.

Cortopassi · Post by **Cortopassi** » Sun Apr 23, 2017 5:32 pm

Exactly. As we are now seeing

ochotona · Post by **ochotona** » Sun Apr 23, 2017 8:00 pm

Good. Gold's down $14 now, maybe I'll get lucky and my limit order at $1259 for a few more coins will go through.

Post by **dualstow** » Sun Apr 23, 2017 11:31 pm

ochotona wrote:Good. Gold's down $14 now, maybe I'll get lucky and my limit order at $1259 for a few more coins will go through.

I always picture you as a game show contestant spinning a wheel.
"C'mon, c'mon, no whammies!"

ochotona · Post by **ochotona** » Mon Apr 24, 2017 5:02 am

That's about right

ochotona · Post by **ochotona** » Tue Apr 25, 2017 11:55 am

C'mon baby $5 lower give Daddy some AU

Cortopassi · Post by **Cortopassi** » Tue Apr 25, 2017 12:11 pm

I fear you'll get that and then some...

Libertarian666 · Post by **Libertarian666** » Tue Apr 25, 2017 9:34 pm

I don't understand the obsession with a few dollars per ounce. Maybe if I were buying 1000 ounces at a time, I would worry about that, but not for any reasonably-sized order.

Libertarian666 · Post by **Libertarian666** » Tue Apr 25, 2017 10:10 pm

Desert wrote:
Libertarian666 wrote:I don't understand the obsession with a few dollars per ounce. Maybe if I were buying 1000 ounces at a time, I would worry about that, but not for any reasonably-sized order.
I agree. Just buy it already! If you don't buy it, it'll go higher. If you do buy it, it'll go lower. It's a market-timing golden rule.

You forgot the other two rules, useful during the decumulation phase: if you sell it, it will go higher, and if you don't sell it, it will go lower.

Post by **dualstow** » Wed Apr 26, 2017 9:46 am

Gold Heading To $1,200 As Trump Tax Cuts Loom - Goldman Sachs

kitco link: http://www.kitco.com/news/2017-04-25/Go ... Sachs.html

ochotona · Post by **ochotona** » Wed Apr 26, 2017 6:16 pm

Goldman uses these fake news stories to manipulate the market.

The GOLD scream room

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