Gold to bounce soon?

[buddtholomew]

Haha, thanks stuper1.
Looks like my insurance went up today as China strength is the US (USD) weakness

OR

Maybe someone is actually listening to all this whining and finally doing something about it

[Kbg]

I have some proprietary stuff I follow...suggests a good time to buy. I rebalanced to up my gold holdings. On the other hand if history is any guide we could go lower, but the odds are against that.

[ochotona]

Decent time to buy some.

[Kriegsspiel]

budd has got the right thought process. Gold going up generally means something bad happened. I want to be hedged against that, but I don't really want it to happen.

[Cortopassi]

I don't need a double, what I would like to see on a reasonably alternating basis is an asset leading for one year to pull gains out and rebalance into laggards. Back and forth, back and forth while the overall trajectory is up and to the right.

Problem for a while here has been gold hasn't been in take profits mode for a yearly rebalance, it has been a laggard.

[eufo]

Should we ever complain that a physical asset is becoming cheaper? I was watching an interview yesterday where the assertion was made that this is a mainly US phenomenon; that US investors tend to be trend followers and only want to buy what's going up. It's been my experience that nearly everyone I know here is like that.

I love these low prices, but I'm underweight everything save cash, so maybe I'm biased.

[buddtholomew]

Should we ever complain that a physical asset is becoming cheaper? I was watching an interview yesterday where the assertion was made that this is a mainly US phenomenon; that US investors tend to be trend followers and only want to buy what's going up. It's been my experience that nearly everyone I know here is like that.

I love these low prices, but I'm underweight everything save cash, so maybe I'm biased.

Double check that you are actually better off waiting to invest in the other assets. I’m + over 1MM YTD...you do realize that the S&P is +ve +7% and SCV for me + 12.5% YTD.

[eufo]

Should we ever complain that a physical asset is becoming cheaper? I was watching an interview yesterday where the assertion was made that this is a mainly US phenomenon; that US investors tend to be trend followers and only want to buy what's going up. It's been my experience that nearly everyone I know here is like that.

I love these low prices, but I'm underweight everything save cash, so maybe I'm biased.

Double check that you are actually better off waiting to invest in the other assets. I’m + over 1MM YTD...you do realize that the S&P is +ve +7% and SCV for me + 12.5% YTD.

Oh yeah, for sure. I'm overweight cash from selling out of most of my small cap and mid cap exposure (IJR & IJH, respectively). I still hold some equities, but I'm underweight. I'll likely remain that way unless there is a big move either direction.

Something seems wrong in the market, so I'm not in a rush to get back to 40% equities.

[ochotona]

Gold sentiment not bad enough, Hulbert index needs to go more negative...

Patience!

https://www.marketwatch.com/story/why-g ... 2018-08-17

[eufo]

Gold sentiment not bad enough, Hulbert index needs to go more negative...

Patience!

https://www.marketwatch.com/story/why-g ... 2018-08-17

"slope of hope" Lol!

[buddtholomew]

Should we ever complain that a physical asset is becoming cheaper? I was watching an interview yesterday where the assertion was made that this is a mainly US phenomenon; that US investors tend to be trend followers and only want to buy what's going up. It's been my experience that nearly everyone I know here is like that.

I love these low prices, but I'm underweight everything save cash, so maybe I'm biased.

Double check that you are actually better off waiting to invest in the other assets. I’m + over 1MM YTD...you do realize that the S&P is +ve +7% and SCV for me + 12.5% YTD.

Oh yeah, for sure. I'm overweight cash from selling out of most of my small cap and mid cap exposure (IJR & IJH, respectively). I still hold some equities, but I'm underweight. I'll likely remain that way unless there is a big move either direction.

Something seems wrong in the market, so I'm not in a rush to get back to 40% equities.

Your market timing is flawless.
Why bother with the PP?

[eufo]

Double check that you are actually better off waiting to invest in the other assets. I’m + over 1MM YTD...you do realize that the S&P is +ve +7% and SCV for me + 12.5% YTD.

Oh yeah, for sure. I'm overweight cash from selling out of most of my small cap and mid cap exposure (IJR & IJH, respectively). I still hold some equities, but I'm underweight. I'll likely remain that way unless there is a big move either direction.

Something seems wrong in the market, so I'm not in a rush to get back to 40% equities.

Your market timing is flawless.
Why bother with the PP?

Indeed.

[buddtholomew]

I don't need a double, what I would like to see on a reasonably alternating basis is an asset leading for one year to pull gains out and rebalance into laggards. Back and forth, back and forth while the overall trajectory is up and to the right.

Problem for a while here has been gold hasn't been in take profits mode for a yearly rebalance, it has been a laggard.

Yes; in a perfect world each of the 3 assets would follow the scenario outlined above. I don’t personally buy into the agnostic 4x25 allocation anymore. Why would you when stocks rise 70% of the time? I’ll hold enough gold and LTT’s to buoy the portfolio in times of inflation/deflation, knowing full well that any gains in these assets will go back into stocks for further potential gains.

I’m done taking gold personally and as Sophie said it will be there when you need it.

[Cortopassi]

I’m done taking gold personally and as Sophie said it will be there when you need it.

Yeah, pretty much me too.

[dualstow]

I nibbled today.

[buddtholomew]

I nibbled today.

I’m buying EEM instead; we’re both in the same boat waiting for the USD to drop.
Good luck DS!

[dualstow]

Same to you.

[whatchamacallit]

Nice chart in article. Indicates good time to buy commodities which includes gold.

https://www.marketwatch.com/story/timin ... 2018-08-23


But when I compare years to gold price it makes me wonder if it is 1986 buy instead of a 1998 buy.

https://goldprice.org/gold-price-history.html

[Cortopassi]

Nice chart in article. Indicates good time to buy commodities which includes gold.

https://www.marketwatch.com/story/timin ... 2018-08-23


But when I compare years to gold price it makes me wonder if it is 1986 buy instead of a 1998 buy.

https://goldprice.org/gold-price-history.html

Or the broader market is just too expensive and ready for a drop.

[buddtholomew]

I nibbled today.

I’m buying EEM instead; we’re both in the same boat waiting for the USD to drop.
Good luck DS!

Don’t get any ideas DS

[hardlawjockey]

I nibbled today.

I’m buying EEM instead; we’re both in the same boat waiting for the USD to drop.
Good luck DS!

Did the USD just drop? Was watching Fox Business and noticed in the ticker that gold was up $20 at the time. Strangely, stocks were also up and setting all time highs, and bond yields were down slightly. Must have been a good day for the PP. I'm keeping my resolution to only look at my portfolio at re-balance time once a year but it probably would have been a good day to look.

[ochotona]

Jesse Felder podcast and gold is discussed quite a bit:

https://www.theinvestorspodcast.com/epi ... llar-more/

[ochotona]

FWIW, Recognia Chart Tools @ Schwab says GLD support is at $ 113.07, which is about like gold $ 1196.60. So when my cash hits Lively HSA, I'm going to put in a limit buy order for GLDM at TD Ameritrade.

Recognia is a pattern recognition program. At least it's unbiased, it's not just some person's opinion based on who knows what. It'll be right, until it's not.

[buddtholomew]

Useless as ever...
Not worth holding at all.
I’m such an idiot!

[dualstow]

Useless as ever...
Not worth holding at all.
I’m such an idiot!

A few syllables off from a perfect haiku.