The GOLD scream room

Libertarian666 · Post by **Libertarian666** » Fri Nov 28, 2014 4:40 pm

I guess this was a good day for someone to slam gold, since there wasn't any US trading. Maybe they're afraid that the Swiss referendum will pass and they want a lower price for that spike to start from?

Post by **dualstow** » Mon Dec 01, 2014 9:05 am

Dec 1: Holy volatility, Batman.

Libertarian666 · Post by **Libertarian666** » Mon Dec 01, 2014 11:43 am

dualstow wrote: Dec 1: Holy volatility, Batman.

You're not kidding! At least this time it's in the correct direction...

barrett · Post by **barrett** » Mon Dec 01, 2014 12:09 pm

What the...?

goodasgold · Post by **goodasgold** » Mon Dec 01, 2014 12:21 pm

Now this is the kind of "gold volatility" I LIKE!

Pointedstick · Post by **Pointedstick** » Mon Dec 01, 2014 12:49 pm

Today is shaping up to be a pretty good day for the PP.

And for Libertarian666!

Libertarian666 · Post by **Libertarian666** » Mon Dec 01, 2014 1:40 pm

Pointedstick wrote: Today is shaping up to be a pretty good day for the PP. And for Libertarian666!

Yep. I was pretty unhappy last night when I saw $1144. :-(
This is more like it!

Post by **dualstow** » Mon Dec 01, 2014 2:23 pm

Supposedly, it has something to do with Moody's cutting Japan's credit rating. Let's see where it goes.

blackomen · Post by **blackomen** » Mon Dec 01, 2014 2:48 pm

A nice bear trap set up on Friday.. shorts must be in a lot of pain today.

Kbg · Post by **Kbg** » Mon Dec 01, 2014 8:56 pm

So everyone get ready to have gold spike down for what I am about to write.

Last month I doubled up on gold (DGP) figuring I at least ought to get some tax harvesting out of this year's gold pain as the overall position wasn't going to change except for my Jan rebalance. In any event the old saying, at least today, is true. Between being good and lucky it is better to be lucky. After seeing the position in red since pretty much day one of the 2014 trading year, today with the huge pop up and the double down of last month the position is in the green by just a smidge. So is this a scream of joy???

Libertarian666 · Post by **Libertarian666** » Tue Dec 09, 2014 2:07 pm

Woo-hoo!

dragoncar · Post by **dragoncar** » Tue Dec 09, 2014 2:16 pm

Libertarian666 wrote: Woo-hoo!

Can't gold wait until AFTER I make my January 401k/IRA contributions???

Libertarian666 · Post by **Libertarian666** » Tue Dec 09, 2014 2:52 pm

dragoncar wrote:
Libertarian666 wrote: Woo-hoo!
Can't gold wait until AFTER I make my January 401k/IRA contributions???

Gold rarely waits for a convenient time before making a move. That's one of its disadvantages.

goodasgold · Post by **goodasgold** » Tue Dec 09, 2014 3:14 pm

Libertarian666 wrote: Gold rarely waits for a convenient time before making a move. That's one of its disadvantages.

And one of its advantages.

"Nobody EXPECTS the Spanish Inquisition."

Post by **dualstow** » Mon Dec 15, 2014 3:48 pm

Gold giveth, and gold taketh away.

Nice to see a Monty Python quote above. Makes me smile.

Reub · Post by **Reub** » Mon Dec 15, 2014 3:59 pm

Is it going to follow oil down?

Post by **dualstow** » Mon Dec 15, 2014 4:28 pm

Reub wrote: Is it going to follow oil down?

You'll have to buy my newsletter to find out.

Libertarian666 · Post by **Libertarian666** » Tue Dec 30, 2014 9:26 am

Right now, Kitco has spot gold unchanged for the year, at $1205!

Pointedstick · Post by **Pointedstick** » Thu Jan 15, 2015 11:28 am

Wheeeeee!!!

Post by **dualstow** » Thu Jan 15, 2015 11:41 am

Pointedstick wrote: Wheeeeee!!!

$1263? I was kind of hoping to rebalance from treasuries into gold, say, this fall. But, if gold goes up in 2015, no complaints here.

dragoncar · Post by **dragoncar** » Thu Jan 15, 2015 12:04 pm

dualstow wrote:
Pointedstick wrote: Wheeeeee!!!
$1263? I was kind of hoping to rebalance from treasuries into gold, say, this fall. But, if gold goes up in 2015, no complaints here.

I was four weeks away from rebalancing! Four weeks! I guess anything can happen in that time but still...

Post by **dualstow** » Thu Jan 15, 2015 12:13 pm

dragoncar wrote: I was four weeks away from rebalancing! Four weeks! I guess anything can happen in that time but still...

You do an annual rebalance I take it? Why February?

buddtholomew · Post by **buddtholomew** » Thu Jan 15, 2015 12:19 pm

I rebalanced at 1170. Both gold and treasuries have similar YTD returns. It was a win/win either way. This should be a lesson to stop overthinking these things...

dragoncar · Post by **dragoncar** » Thu Jan 15, 2015 1:00 pm

dualstow wrote:
dragoncar wrote: I was four weeks away from rebalancing! Four weeks! I guess anything can happen in that time but still...
You do an annual rebalance I take it? Why February?

I shovel money into my retirement accounts at the beginning of the year, and rebalance once they are maxed (this year it'll be Feb). I could buy securities each paycheck, but because of the way I allocate between tax-deferred accounts and taxable, it would be a hassle (I'm buying bonds and stocks in tax-deferred and balancing the difference in taxable)

Libertarian666 · Post by **Libertarian666** » Fri Jan 16, 2015 10:36 am

We're now up almost $100 YTD!

The GOLD scream room

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