The GOLD scream room

[ochotona]

Fed was interpreted as dovish

http://www.kitco.com/commentaries/2018- ... ourse.html

[Mr Vacuum]

It's working today, budd!!!

[Cortopassi]

Sure is!

[buddtholomew]

I guess...
Gold closed at the lows + 1.3 with the S&P down 2.1%. TLT was down so nothing magical.
70/30 allocation is bruised but to be expected. After today, both 70/30 and PP should be down about the same YTD.

[Mr Vacuum]

Classic, budd. I spoke too soon while the stocks loss was smaller. But corto is also right on: gold is still tops on the YTD (and has been the 3mo leader all month).

[buddtholomew]

Classic, budd. I spoke too soon while the stocks loss was smaller. But corto is also right on: gold is still tops on the YTD (and has been the 3mo leader all month).

I can’t let the team down now
The benefits of holding a PP over an equity-centric portfolio are becoming much more evident as my variant of the PP is 1/5 the volatility of the 70/30 over the last couple days.

[Libertarian666]

Classic, budd. I spoke too soon while the stocks loss was smaller. But corto is also right on: gold is still tops on the YTD (and has been the 3mo leader all month).

I can’t let the team down now
The benefits of holding a PP over an equity-centric portfolio are becoming much more evident as my variant of the PP is 1/5 the volatility of the 70/30 over the last couple days.

Glad to hear that you are finally seeing some benefits!

[Ugly_Bird]

Glad to hear that you are finally seeing some benefits!

Just wait a little. :-)

[dualstow]

Doesn't warrant its own thread, but here's an opinion piece from the WSJ on metal tariffs, gold and fiat money. (Really the latter two).
I am not for or against it; just think of me as a bot responsible for bringing gold-related articles here.
I made an archive so you should be able to read it without a subscription.

http://archive.is/d3eES

[buddtholomew]

So sad, but expected for sure.

[Cortopassi]

Just a little happy screaming here...

[Cortopassi]

Well, SO glad the latest WWIII crisis has been averted...at least until tomorrow.

What an amazing change in volatility 2018 has brought.

[buddtholomew]

That’s the PP for you.
Gold and Treasuries selling off post false positive crisis.
I feel even more confident holding a higher percentage in equities.

[ochotona]

Schwab just published a note to clients suggesting as much as 9% of a portfolio could be devoted to gold. I've never heard that from them before.

[dualstow]

Schwab just published a note to clients suggesting as much as 9% of a portfolio could be devoted to gold. I've never heard that from them before.

Did they give a reason for that (maximum) percentage?

[ochotona]

Schwab just published a note to clients suggesting as much as 9% of a portfolio could be devoted to gold. I've never heard that from them before.

Did they give a reason for that (maximum) percentage?

No reason given. Here's the article:

https://www.schwab.com/resource-center/ ... cmp=em-QYD

[Libertarian666]

Schwab just published a note to clients suggesting as much as 9% of a portfolio could be devoted to gold. I've never heard that from them before.

Did they give a reason for that (maximum) percentage?

It's less than 10%?

[ochotona]

9% is huge for Schwab

[dualstow]

Yeah, it does seem large for Schwab. I've never used them, but I grew up knowing who Charles Schwab was and just associate them with stocks.

[ochotona]

Buy the dip?

[ochotona]

Jesse Felder is talking about gold on his podcast. I'm looking forward to hearing it.

https://thefelderreport.com/2018/05/08/ ... licy-gold/

[buddtholomew]

9% is huge for Schwab

I wonder if it would be ok to round up to 10%.....

It’s actually 9.99% pure Au

[Xan]

I wonder if it would be ok to round up to 10%.....

It’s actually 9.99% pure Au

Mine's 99 44/100% pure.

[ochotona]

Honest to God, I don't even remember this conversation, but I logged it in Facebook on 5/7/2011

"About a week or two ago I told a young fellow that silver was going hyperbolic, to sell his silver holdings. I don't think he listened to me."

[Cortopassi]

I am officially past gold. Silly cliff dive charts like this don't even bother me anymore. It's just another asset.