The GOLD scream room
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- dualstow
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Re: The GOLD scream room
Dollar is strengthening
- Cortopassi
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Re: The GOLD scream room
I look at this as a positive. I rebalance in early Jan. If this continues, it will allow me to capture even more gains in stocks and roll even more of that over to gold, silver and bonds.
Maybe that is a foolish rebalance, but I am going to let the PP do its thing.
And it is still over $1800 which a short two weeks ago was a big positive. Now it's a piece of shit.
Maybe that is a foolish rebalance, but I am going to let the PP do its thing.
And it is still over $1800 which a short two weeks ago was a big positive. Now it's a piece of shit.
- buddtholomew
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Re: The GOLD scream room
I just keep on selling down my position...Cortopassi wrote: ↑Mon Nov 22, 2021 9:02 am I look at this as a positive. I rebalance in early Jan. If this continues, it will allow me to capture even more gains in stocks and roll even more of that over to gold, silver and bonds.
Maybe that is a foolish rebalance, but I am going to let the PP do its thing.
And it is still over $1800 which a short two weeks ago was a big positive. Now it's a piece of shit.
Even if gold goes up 100% from now it still pales in comparison to stock returns over my holding period.
- mathjak107
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Re: The GOLD scream room
well at least gold took bitcoin with it
- dualstow
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Re: The GOLD scream room
Crypto is really cratering today. Bitcoin, Litecoin, Ethereum…
a 2.5% hit to gold doesn’t seem so bad.
- vnatale
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Re: The GOLD scream room
What was / is the range of percentage drops you are / were seeing in the various crypto currencies?
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
Re: The GOLD scream room
One benefit of this forum is that you can always tell when Gold isn't doing so well even if you aren't paying attention because Budd and Mathjak are always here to let us know.
- mathjak107
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Re: The GOLD scream room
i own quite a bit of gold.
but less than half of what i did when i had the pp .
i still think gold will do okay , as well as bitcoin .
long term bonds i have less hope for
but less than half of what i did when i had the pp .
i still think gold will do okay , as well as bitcoin .
long term bonds i have less hope for
Last edited by mathjak107 on Mon Nov 22, 2021 5:40 pm, edited 2 times in total.
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Re: The GOLD scream room
I predict this pull back today will be viewed as nothing more noise within a month or two, at most.
Head on over to King world News if you need some encouragement
Head on over to King world News if you need some encouragement
- dualstow
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Re: The GOLD scream room
I think so, toomurphy_p_t wrote: ↑Mon Nov 22, 2021 4:09 pm I predict this pull back today will be viewed as nothing more noise within a month or two, at most.
…
- buddtholomew
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Re: The GOLD scream room
More pain ahead...
Almost done selling down to 10%
It’s unbelievable how poorly the PP is performing this year.
Thank the lord each day I don’t hold 4x25 anymore as my faith in this portfolio has faded to zero.
Gold and LTT’s in the toilet again.
Almost done selling down to 10%
It’s unbelievable how poorly the PP is performing this year.
Thank the lord each day I don’t hold 4x25 anymore as my faith in this portfolio has faded to zero.
Gold and LTT’s in the toilet again.
- mathjak107
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Re: The GOLD scream room
i hold 5% in gold , 5% bitcoin , 5% commodities and 5% cash flying fighter cover as opposed to the big position in gold . i dont feel gold alone is diversified enough anymore with all the alternatives.buddtholomew wrote: ↑Tue Nov 23, 2021 7:13 am More pain ahead...
Almost done selling down to 10%
It’s unbelievable how poorly the PP is performing this year.
Thank the lord each day I don’t hold 4x25 anymore as my faith in this portfolio has faded to zero.
Gold and LTT’s in the toilet again.
that is 5% of my total investable assets in each and not one specific portfolio…gbtc and dbc have done well this year . gold , meh.
the other 80% is in the insight models , also up this year
- Cortopassi
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Re: The GOLD scream room
We always know only one day of a gold selloff never happens.
We also know gold never rides up high for any length of time without getting spanked.
I know MJ was good at pulling the trigger on trading these events, and I tell ya, i am almost interested in doing some side options to take advantage.
This will as stated before allow me to sell off some of the high flying stocks and dump into TLT and gold and silver.
It actually feels good for me. I know you can pooh pooh the PP all the time, but the ability for me to be forced to harvest gains on these stocks is priceless.
And I'll feel better about it when eventually, maybe sometime in the lifetime of the known universe, stocks actually go down for more than a day or two.
We also know gold never rides up high for any length of time without getting spanked.
I know MJ was good at pulling the trigger on trading these events, and I tell ya, i am almost interested in doing some side options to take advantage.
This will as stated before allow me to sell off some of the high flying stocks and dump into TLT and gold and silver.
It actually feels good for me. I know you can pooh pooh the PP all the time, but the ability for me to be forced to harvest gains on these stocks is priceless.
And I'll feel better about it when eventually, maybe sometime in the lifetime of the known universe, stocks actually go down for more than a day or two.
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Re: The GOLD scream room
Sell high, buy low. Sounds like a good strategy.
- buddtholomew
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Re: The GOLD scream room
I would feel really good about selling my Gold high and buying stocks on a pull-back.Cortopassi wrote: ↑Tue Nov 23, 2021 9:50 am We always know only one day of a gold selloff never happens.
We also know gold never rides up high for any length of time without getting spanked.
I know MJ was good at pulling the trigger on trading these events, and I tell ya, i am almost interested in doing some side options to take advantage.
This will as stated before allow me to sell off some of the high flying stocks and dump into TLT and gold and silver.
It actually feels good for me. I know you can pooh pooh the PP all the time, but the ability for me to be forced to harvest gains on these stocks is priceless.
And I'll feel better about it when eventually, maybe sometime in the lifetime of the known universe, stocks actually go down for more than a day or two.
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Re: The GOLD scream room
Mathjack, 5% commodities... How do you get that exposure?
- mathjak107
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Re: The GOLD scream room
etf dbcmurphy_p_t wrote: ↑Tue Nov 23, 2021 10:07 am Mathjack, 5% commodities... How do you get that exposure?
- mathjak107
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Re: The GOLD scream room
i do hold a lot dollar wise but as a piece of the total it is 5% .vincent_c wrote: ↑Tue Nov 23, 2021 11:36 amholy shit MJ has more hodl BTC than I do.mathjak107 wrote: ↑Tue Nov 23, 2021 8:39 am i hold 5% in gold , 5% bitcoin , 5% commodities and 5% cash flying fighter cover as opposed to the big position in gold . i dont feel gold alone is diversified enough anymore with all the alternatives.
my little hedge portion of gld-dbc-gbtc and fdlxx ride shotgun for all investable assets .so 20% in total .
actually it isnt a mix i though of , it is paul tudor jones
Re: The GOLD scream room
do you rebalance each year or what?mathjak107 wrote: ↑Tue Nov 23, 2021 1:31 pmi do hold a lot dollar wise but as a piece of the total it is 5% .vincent_c wrote: ↑Tue Nov 23, 2021 11:36 amholy shit MJ has more hodl BTC than I do.mathjak107 wrote: ↑Tue Nov 23, 2021 8:39 am i hold 5% in gold , 5% bitcoin , 5% commodities and 5% cash flying fighter cover as opposed to the big position in gold . i dont feel gold alone is diversified enough anymore with all the alternatives.
my little hedge portion of gld-dbc-gbtc and fdlxx ride shotgun for all investable assets .so 20% in total .
actually it isnt a mix i though of , it is paul tudor jones
- mathjak107
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Re: The GOLD scream room
yes i will rebalance … likely each year since volatility is crazymodeljc wrote: ↑Tue Nov 23, 2021 2:15 pmdo you rebalance each year or what?mathjak107 wrote: ↑Tue Nov 23, 2021 1:31 pmi do hold a lot dollar wise but as a piece of the total it is 5% .vincent_c wrote: ↑Tue Nov 23, 2021 11:36 amholy shit MJ has more hodl BTC than I do.mathjak107 wrote: ↑Tue Nov 23, 2021 8:39 am i hold 5% in gold , 5% bitcoin , 5% commodities and 5% cash flying fighter cover as opposed to the big position in gold . i dont feel gold alone is diversified enough anymore with all the alternatives.
my little hedge portion of gld-dbc-gbtc and fdlxx ride shotgun for all investable assets .so 20% in total .
actually it isnt a mix i though of , it is paul tudor jones
looking at today gold is down almost 1% , commodities up almost 2% and gbtc bitcoin up 3.50%
Re: The GOLD scream room
Portfolio Visualizer has a 5 year annual return of +50% with a rebalance each year. Does the 20% discount bother you on GBTC. Do youmathjak107 wrote: ↑Tue Nov 23, 2021 2:24 pmyes i will rebalance … likely each year since volatility is crazymodeljc wrote: ↑Tue Nov 23, 2021 2:15 pmdo you rebalance each year or what?mathjak107 wrote: ↑Tue Nov 23, 2021 1:31 pmi do hold a lot dollar wise but as a piece of the total it is 5% .vincent_c wrote: ↑Tue Nov 23, 2021 11:36 amholy shit MJ has more hodl BTC than I do.mathjak107 wrote: ↑Tue Nov 23, 2021 8:39 am i hold 5% in gold , 5% bitcoin , 5% commodities and 5% cash flying fighter cover as opposed to the big position in gold . i dont feel gold alone is diversified enough anymore with all the alternatives.
my little hedge portion of gld-dbc-gbtc and fdlxx ride shotgun for all investable assets .so 20% in total .
actually it isnt a mix i though of , it is paul tudor jones
looking at today gold is down almost 1% , commodities up almost 2% and gbtc bitcoin up 3.50%
think it will close or get deeper with the new ETF's coming. I do think the 2% or so expense ratio will for sure need to be reduced.
- mathjak107
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Re: The GOLD scream room
as far as gbtc i couldn't care less ..i have good gains from it and it works fine with no wallet issues . until a better etf comes along it works well
- buddtholomew
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Re: The GOLD scream room
More pain, yay PP...not!
Worst portfolio EVER, none worse.
Worst portfolio EVER, none worse.
- Cortopassi
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Re: The GOLD scream room
Black Friday Sale!buddtholomew wrote: ↑Wed Nov 24, 2021 8:10 am More pain, yay PP...not!
Worst portfolio EVER, none worse.
Re: The GOLD scream room
Gold will give up 5% on just talk of being hawkish. Think of an actual rate increase of a 1/16 of a point. Revist the 1980's if you doubt.buddtholomew wrote: ↑Wed Nov 24, 2021 8:10 am More pain, yay PP...not!
Worst portfolio EVER, none worse.
I got 25%, but the world does not believe in Gold as a hedge for anything!