Gyroscopic Investing

ochotona wrote:Gold sure doesn't have any lasting "crisis alpha" the way people imagine

Some people may imagine that.

All I know is that it has the longest track record of any investment class in the world.

1270 today

Quiet! The minute you show any positiveness toward gold it will dash your hopes!

Cortopassi wrote:Quiet! The minute you show any positiveness toward gold it will dash your hopes!

-I mean, uhhhh, "only 1270. It'll never go up to 4000 at this rate!"

No jumping up and down now that gold is approaching $1300?

I told you it would go up after I sold some.

Libertarian666 wrote:No jumping up and down now that gold is approaching $1300?

I told you it would go up after I sold some.

And if I buy, it will go down!

Darn, only 1287. A this rate, we'll never hit 3000 an ounce. Right, Corto?

That's right! I see us slowly sliding to $800, THEN we can backup the truck.

Even I will admit it is showing a good amount of strength.

Not to get off topic, but maybe it has something to do with Trump doing 180s on virtually everything as well as the concern of the French elections coming up.

Somehow, sometime soon, someone will find a way to slam it back down and attribute a supposedly valid reason to it.

The Chaos President opens his mouth

Cortopassi wrote:That's right! I see us slowly sliding to $800, THEN we can backup the truck.

Even I will admit it is showing a good amount of strength.

Not to get off topic, but maybe it has something to do with Trump doing 180s on virtually everything as well as the concern of the French elections coming up.

Somehow, sometime soon, someone will find a way to slam it back down and attribute a supposedly valid reason to it.

Who knows...i will guess the us market is just taking a breather because it has been on a hot streak. Gold and LTTs are benefiting as folks call in some bets for whatever reasons and rotate to other asset classes

I heard this guy Arora on a Kitco video say the other day that there exists an industry designed to harvest money from Mom and Pop gold traders who trade using simple rules like the 200 day MA. That explains why when people start chasing gold, it suddenly reverses on them and they wreck. Good advice use your own criteria and don't chase it.

I wonder what's next for gold? $1310 or $1260? The guessing never stops. One more buy, and I'm done with large buys. I think it will be an ETF buy, so I can more easily rebalance in the future.

ochotona wrote:I wonder what's next for gold? $1310 or $1260?

1260. Then 1310. Then 1260 again...

dualstow wrote:

ochotona wrote:I wonder what's next for gold? $1310 or $1260?

1260. Then 1310. Then 1260 again...

Yes, never to see 1300 again. I'll take the negative side now and hopefully it will do the opposite.

Tomorrow may be big. If Le Pen doesn't make it through, look out below. If she does, I assume some upward momentum.

Or the exact opposite.

Exactly. As we are now seeing

Good. Gold's down $14 now, maybe I'll get lucky and my limit order at $1259 for a few more coins will go through.

ochotona wrote:Good. Gold's down $14 now, maybe I'll get lucky and my limit order at $1259 for a few more coins will go through.

I always picture you as a game show contestant spinning a wheel.
"C'mon, c'mon, no whammies!"

That's about right

C'mon baby $5 lower give Daddy some AU

I fear you'll get that and then some...

I don't understand the obsession with a few dollars per ounce. Maybe if I were buying 1000 ounces at a time, I would worry about that, but not for any reasonably-sized order.

Desert wrote:

Libertarian666 wrote:I don't understand the obsession with a few dollars per ounce. Maybe if I were buying 1000 ounces at a time, I would worry about that, but not for any reasonably-sized order.

I agree. Just buy it already! If you don't buy it, it'll go higher. If you do buy it, it'll go lower. It's a market-timing golden rule.

You forgot the other two rules, useful during the decumulation phase: if you sell it, it will go higher, and if you don't sell it, it will go lower.

Gold Heading To $1,200 As Trump Tax Cuts Loom - Goldman Sachs

kitco link: http://www.kitco.com/news/2017-04-25/Go ... Sachs.html

Goldman uses these fake news stories to manipulate the market.