Gyroscopic Investing

$1300+!

Libertarian666 wrote: $1300+!

And moving up nicely!

Silver is picking up steam also. Looks like a breakout!

I would have been disappointed if a gold thread hadn't been at the top of unread posts today.
I am not disappointed.

GLD has broken through it's 200-day moving average.  It will be interesting to see if GLD holds onto it.  This could be the beginning of a beautiful run.

I've got the gold futures chart up today. Watching the 30 second charts.....gold has tried to break 1,317 about 10 times but the bears are defending it. I think there are a lot of stops at $1,318 at this point.

Could be a big breakout or a big failed break out but the lows keep getting higher.

Anyone ever watch/trade the short-term futures? The battle between buyers and sellers is fascinating to me.

Kshartle wrote: I've got the gold futures chart up today. Watching the 30 second charts.....gold has tried to break 1,317 about 10 times but the bears are defending it. I think there are a lot of stops at $1,318 at this point.

Could be a big breakout or a big failed break out but the lows keep getting higher.

Anyone ever watch/trade the short-term futures? The battle between buyers and sellers is fascinating to me.

Now we're at 1323, so I guess the bulls have won that particular battle.
Of course the war is another matter...

Kshartle wrote: I've got the gold futures chart up today. Watching the 30 second charts.....gold has tried to break 1,317 about 10 times but the bears are defending it. I think there are a lot of stops at $1,318 at this point.

Could be a big breakout or a big failed break out but the lows keep getting higher.

Anyone ever watch/trade the short-term futures? The battle between buyers and sellers is fascinating to me.

Short-term futures? Breakouts. Battles between buyers and sellers? WTF?

No offense meant to anyone but I think this post illustrates very well what attracted me to the PP - and that would be the simplicity of it.

Libertarian666 wrote:

Kshartle wrote: I've got the gold futures chart up today. Watching the 30 second charts.....gold has tried to break 1,317 about 10 times but the bears are defending it. I think there are a lot of stops at $1,318 at this point.

Could be a big breakout or a big failed break out but the lows keep getting higher.

Anyone ever watch/trade the short-term futures? The battle between buyers and sellers is fascinating to me.

Now we're at 1323, so I guess the bulls have won that particular battle.
Of course the war is another matter...

Highest daily close for GLD since this move began in Dec so I think maybe psychologically that level was significant. I normally never look at anything but maybe weekly charts but today I pulled up the really short-term stuff, 30 second candles. It butted up against 1,317 many times over many hours and then zoomed up 5-6 bucks in an hour once that resistance was cleared.

Sometimes I like to watch.........

ns3 wrote:

Kshartle wrote: I've got the gold futures chart up today. Watching the 30 second charts.....gold has tried to break 1,317 about 10 times but the bears are defending it. I think there are a lot of stops at $1,318 at this point.

Could be a big breakout or a big failed break out but the lows keep getting higher.

Anyone ever watch/trade the short-term futures? The battle between buyers and sellers is fascinating to me.

Short-term futures? Breakouts. Battles between buyers and sellers? WTF?

No offense meant to anyone but I think this post illustrates very well what attracted me to the PP - and that would be the simplicity of it.

Yes the PP has nothing in common with short-term trading. Those intrady moves in the assets....particularly absent news events.....are all a battle between bears and bulls, professionals and ameteurs.

Obviously it's not everyone's favorite form of entertainment but if the investment markets interest you at all you might get a kick out of it.

Kshartle wrote:

ns3 wrote:

Kshartle wrote: I've got the gold futures chart up today. Watching the 30 second charts.....gold has tried to break 1,317 about 10 times but the bears are defending it. I think there are a lot of stops at $1,318 at this point.

Could be a big breakout or a big failed break out but the lows keep getting higher.

Anyone ever watch/trade the short-term futures? The battle between buyers and sellers is fascinating to me.

Short-term futures? Breakouts. Battles between buyers and sellers? WTF?

No offense meant to anyone but I think this post illustrates very well what attracted me to the PP - and that would be the simplicity of it.

Yes the PP has nothing in common with short-term trading. Those intrady moves in the assets....particularly absent news events.....are all a battle between bears and bulls, professionals and ameteurs.

Obviously it's not everyone's favorite form of entertainment but if the investment markets interest you at all you might get a kick out of it.

I suspect it would only interest me as long as my beginner's luck prevailed but if it works for you, go for it.

ns3 wrote:

Kshartle wrote:

ns3 wrote: Short-term futures? Breakouts. Battles between buyers and sellers? WTF?

No offense meant to anyone but I think this post illustrates very well what attracted me to the PP - and that would be the simplicity of it.

Yes the PP has nothing in common with short-term trading. Those intrady moves in the assets....particularly absent news events.....are all a battle between bears and bulls, professionals and ameteurs.

Obviously it's not everyone's favorite form of entertainment but if the investment markets interest you at all you might get a kick out of it.

I suspect it would only interest me as long as my beginner's luck prevailed but if it works for you, go for it.

I find it interesting on occasion but just as a spectator. I assume no one here is crazy enough to try to actually trade like that!

Libertarian666 wrote: I find it interesting on occasion but just as a spectator. I assume no one here is crazy enough to try to actually trade like that!

Ohhhh assumptions...........

I'm going to start a link on short-term (day) trading in the VP section. Probably no takers here...this is HBPP land.

It's a bad day... :-(

dragoncar wrote: It's a bad day... :-(

A bad day x 3 

Not again.
Freakin gold....

annieB wrote: Not again.
Freakin gold....

My happiness with this portfolio seems 100% correlated with gold.

dragoncar wrote:

annieB wrote: Not again.
Freakin gold....

My happiness with this portfolio seems 100% correlated with gold.

Even though you're up nearly 5% already this year, and more than half of those gains have come from gold?

[img width=700]http://i.imgur.com/FZMx14F.png[/img]

Pointedstick wrote:

dragoncar wrote:

annieB wrote: Not again.
Freakin gold....

My happiness with this portfolio seems 100% correlated with gold.

Even though you're up nearly 5% already this year, and more than half of those gains have come from gold?

[img width=700]http://i.imgur.com/FZMx14F.png[/img]

Yes, I'm happy about that -- due to gold.  When the portfolio was down last year, it was also (in my mind) very much due to gold (edit: i.e. "more than half of those losses came from gold")  Thus my statement that my happiness is correlated with gold.

dragoncar,

Have you ever considered lowering the gold portion to something that keeps the portfolio more in your zone of tolerance?

Based on my opinion of what gold truly is in the portfolio and in the world economy, I tend to thing a 25% allocation with 15/35 bands is just too much.  I love the PP, but I can't help but have that take on gold.

Does anyone here read martin armstrong? He is a pretty amazing forecaster using history and his ecm computer model.

Basically gold is still in a bear and could end sub 1000 this year but in 2015 soverign defaults will really make gold shine again. Japan, france first. This will be good for the usd because capital flows will seek safety.

Also pension funds are hurting due to low yields and this will be a catalyst, basically detroit on steroids.

moda0306 wrote: dragoncar,

Have you ever considered lowering the gold portion to something that keeps the portfolio more in your zone of tolerance?

Based on my opinion of what gold truly is in the portfolio and in the world economy, I tend to thing a 25% allocation with 15/35 bands is just too much.  I love the PP, but I can't help but have that take on gold.

Oh, I've considered it.  I've considered just doing a straight 70/30 SPY/BND plus a healthy emergency fund.  I'm just trying not to tinker too much with my AA on relatively short timescales (started the PP maybe 2.5 years ago).  I definitely get the sense that the day I decide to change my AA is the day the PP starts performing better.

Moda0306,

What is your take on the best allocation to gold and the best rebalancing bands?  I'm just curious to hear other people's opinions.  I've only been in the PP about a year.  I'm still forming my opinions.

moda0306 wrote: ...
Based on my opinion of what gold truly is in the portfolio and in the world economy, I tend to thing a 25% allocation with 15/35 bands is just too much.  I love the PP, but I can't help but have that take on gold.

I think that's the main reason I haven't gone all-in to the pp, though I do follow those guidelines within it.

gold to retest $1180-1200 over next few months?

[quote=murphy_p_t]gold to retest $1180-1200 over next few months?[/quote]

My Magic 8-Ball says: "Ask again later."