I am anxious to see how PRPFX does today.
Gold down 2.60%.
Silver down 3.84%.
Swiss franc down 1.54%.
Stocks down .64%.
As I have observed before, look for PRPFX to be down less than one might think today, but down MORE than one might think tomorrow.
It seems as if PRPFX has some mechanism for spreading losses from really bad days over two days of closing prices.
Gonna Be Sore in the Mornin'
Moderator: Global Moderator
Gonna Be Sore in the Mornin'
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
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buddtholomew
- Executive Member
- Posts: 2464
- Joined: Fri May 21, 2010 4:16 pm
Re: Gonna Be Sore in the Mornin'
Interestingly enough, PRPFX recognized a loss of 1.3% and .13% respectively over 1/4 and 1/5. What you may be witnessing is the difference between Gold's closing price on the COMEX exchange and the end of day GLD/IAU price. If the commodity continues to decline after trading has ceased on the exchange (10:30am), then the impact on the fund can only be recognized the following day.
"The first principle is that you must not fool yourself and you are the easiest person to fool" --Feynman.
Re: Gonna Be Sore in the Mornin'
Today should be another interesting test of how PRPFX's closing price compares to what one would anticipate.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: Gonna Be Sore in the Mornin'
I know this is the mutual fund forum, but I find that these moves are much more interesting (and a bit scary) in and of themselves than any kind of delay that happens in the PRPFX mutual fund.
Is this the PP machine breaking down, by chance?
Even Hondas get sent to the junk yard at some point.
Is this the PP machine breaking down, by chance?
Even Hondas get sent to the junk yard at some point.
"Men did not make the earth. It is the value of the improvements only, and not the earth itself, that is individual property. Every proprietor owes to the community a ground rent for the land which he holds."
- Thomas Paine
- Thomas Paine
Re: Gonna Be Sore in the Mornin'
You are using a stopwatch when you should be using a calendar.moda0306 wrote: I know this is the mutual fund forum, but I find that these moves are much more interesting (and a bit scary) in and of themselves than any kind of delay that happens in the PRPFX mutual fund.
Is this the PP machine breaking down, by chance?
Even Hondas get sent to the junk yard at some point.
You don't have to enjoy watching sausage being made in order to enjoy eating it.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: Gonna Be Sore in the Mornin'
I understand, MT... and good analogies.
"Men did not make the earth. It is the value of the improvements only, and not the earth itself, that is individual property. Every proprietor owes to the community a ground rent for the land which he holds."
- Thomas Paine
- Thomas Paine
Re: Gonna Be Sore in the Mornin'
Visualize yourself as a PP sphinx--the world presents you with alternating calamity and calm. You take it all in with equanimity. The PP provides you with this luxury, but you must recognize it...grasshopper.moda0306 wrote: I understand, MT... and good analogies.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: Gonna Be Sore in the Mornin'
How about a PP haiku:
Assets fluctuate
Chickens without heads can't hear
Prudence makes soft sound
Assets fluctuate
Chickens without heads can't hear
Prudence makes soft sound
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: Gonna Be Sore in the Mornin'
I never cease to be amazed... :-)MediumTex wrote: How about a PP haiku:
Assets fluctuate
Chickens without heads can't hear
Prudence makes soft sound
"Machines are gonna fail...and the system's gonna fail"