Gyroscopic Investing

Cortopassi wrote: ↑Thu Jun 21, 2018 5:45 pm I love clipping these charts...

mukramesh wrote: ↑Mon Jun 25, 2018 3:22 pm

Cortopassi wrote: ↑Thu Jun 21, 2018 5:45 pm I love clipping these charts...

Hi Corto, how did you get peaktotrough.com to give you data for 2018? When I go to the site, it shows the last date for stocks and gold is 10/31/2017 and the last date for bonds is 12/08/2017. The site just hangs indefinitely when I try to use a date after these.

buddtholomew wrote: ↑Wed Jun 27, 2018 8:30 am Precious...haha
I have a lot of $ sitting at about breakeven (10-12 lots).
What would you do?

buddtholomew wrote: ↑Wed Jun 27, 2018 8:30 am Precious...haha
I have a lot of $ sitting at about breakeven (10-12 lots).
What would you do?

dualstow wrote: ↑Wed Jun 27, 2018 6:14 pm

buddtholomew wrote: ↑Wed Jun 27, 2018 8:30 am Precious...haha
I have a lot of $ sitting at about breakeven (10-12 lots).
What would you do?

If I had over US$5MM, I *think* I’d buy four times a year. That figure represents confidence that I could support my lifestyle even at low interest rates and still have tons left over.

Since I don’t have that amount, I’m looking to buy gold at $1000 per oz, or maybe even 1100.
(I’m still within rebalancing bands, so with no new cash, I can choose to do nothing for now).

buddtholomew wrote: ↑Wed Jun 27, 2018 10:04 pm Then I’m back to looking for an entry point that will most likely end up being higher than when I sell.

dualstow wrote: ↑Thu Jun 28, 2018 7:45 am You don't have a high percentage in gold. Do you really have to reduce?

Cortopassi wrote: ↑Thu Jun 28, 2018 7:59 am

buddtholomew wrote: ↑Wed Jun 27, 2018 10:04 pm Then I’m back to looking for an entry point that will most likely end up being higher than when I sell.

Exactly why I stopped trying to time things. Wrong way more than 50% of the time.

Look at all the gold pundits scrambling now on gold to massage their messages, maybe not 2018 but certainly 2019, blah blah. Intricate technical analysis, waves, charts, CoTs, China/India gold love trade, gold moving from west to east, all BS wrong prognostication from people who might have been right once and now think they can be right again, after being wrong for a very long time.

This is where I see comments dwindling to a fraction of what they used to be on some of these pro-gold sites. If anything, that signals to me we have reach selling exhaustion.

buddtholomew wrote: ↑Thu Jun 28, 2018 2:04 pm It looks to me like the reflation story has stalled and therefore the momentum for gold as well. Just add my opinion to the mix.

modeljc wrote: ↑Fri Jun 29, 2018 10:20 am I don't think any asset class likes higher interest rates.

Cortopassi wrote: ↑Mon Jul 02, 2018 1:11 pm We are rapidly approaching my PP low point for the year, which last occurred 5/1/2018. Quite a waste of 6+ months of time so far.

We all know by now when gold gets on a roll lower, usually always goes further than one thinks it will.

Sigh...

sophie wrote: ↑Tue Jul 03, 2018 8:20 am Nope, back up to $1250 this morning. Oh well!

If prices drop again, this might be a good time to dig up those gold receipts from several years ago when you were buying at $1600+, and tax loss harvest your coins or gold bullion shares in taxable.

dualstow wrote: ↑Tue Jul 03, 2018 10:29 am This poor forum is like a support group.

ochotona wrote: ↑Tue Jul 03, 2018 10:08 am

sophie wrote: ↑Tue Jul 03, 2018 8:20 am Nope, back up to $1250 this morning. Oh well!

If prices drop again, this might be a good time to dig up those gold receipts from several years ago when you were buying at $1600+, and tax loss harvest your coins or gold bullion shares in taxable.

So... if you have a capital GAIN on bullion, you get to pay the Collectibles tax

If you have a capital LOSS on bullion, do you get the enjoy the Collectibles tax rate in reverse, or do they only apply the ball and chain when you're winning?

dualstow wrote: ↑Tue Jul 03, 2018 10:29 am This poor forum is like a support group.

Cortopassi wrote: ↑Tue Jul 03, 2018 11:56 am

dualstow wrote: ↑Tue Jul 03, 2018 10:29 am This poor forum is like a support group.

Yeah...

Barrett,

It's not the 6 months. Like Budd (and mathjak) expound on, gold has been tedious to watch and own for 7 years. Part of me still regrets ever buying that first coin in 2008. Except for a couple blips in the past 2 years, my gold holdings in aggregate have been underwater for 7 years.

People who continue to talk about it being on sale, back up the truck, etc. there's only so much I can take till I tune them all out. I am sticking with the PP because I know gold will have its day and hopefully I will be able to rebalance some gains out of it, but I certainly see the other side where a lot of gains for nearly the past decade are lost because of holding it vs. stocks.