Gyroscopic Investing

Gold has dipped below $1500 oz and silver has fallen below $18 oz. in overnight trading.

Gold is quite volatile!

Well, that didn't last long.

Anyone buying physical metals over the weekend in response to recent events in the Middle East? I came close at least three times but held back.

Ad Orientem wrote: ↑Sun Sep 15, 2019 4:39 pm Anyone buying physical metals over the weekend in response to recent events in the Middle East? I came close at least three times but held back.

I would buy at 1300/oz. That has nothing to do with analysis (although you all know I’m a huge fan), but it would be a good spot for lowering my avg cost.

Hoping to be rid of my BP shares on Monday, but it probably won’t happen. KSA seems to have everything under control.

dualstow wrote: ↑Sun Sep 15, 2019 5:27 pm

Ad Orientem wrote: ↑Sun Sep 15, 2019 4:39 pm Anyone buying physical metals over the weekend in response to recent events in the Middle East? I came close at least three times but held back.

I would buy at 1300/oz. That has nothing to do with analysis (although you all know I’m a huge fan), but it would be a good spot for lowering my avg cost.

Hoping to be rid of my BP shares on Monday, but it probably won’t happen. KSA seems to have everything under control.

If I (we?) have learned anything with gold over the past few years is that it reacts quickly to these types of world events, and reacts just as quickly back down. Not looking to day trade here! If gold hasn't hit bands or it's not my yearly rebalance, I am not trading. But that's me.

Newmont plans for success at a $900 gold price.

https://youtu.be/d7wTjo4avCE

Wouldnt gold work better as money if there were no mining? Its supposed to be a stable benchmark against which to price everything else

ochotona wrote: ↑Sun Sep 22, 2019 4:51 pm Newmont plans for success at a $900 gold price.

https://youtu.be/d7wTjo4avCE

The other day I read

Many companies, including the world’s largest gold miner, Newmont Goldcorp Corp., say they will only approve new projects if they can make money with gold at $1,200, about 20% below where the metal currently trades.

https://www.wsj.com/articles/as-gold-pr ... 1569144601

boglerdude wrote: ↑Mon Sep 23, 2019 2:17 am Wouldnt gold work better as money if there were no mining? Its supposed to be a stable benchmark against which to price everything else

Maybe, but mining output adds only a few percent of total stocks every year, and that is very hard to increase.
Fiat money, on the other hand, can be increased in amount with almost no effort, which makes it very poor money.

ochotona wrote: ↑Wed Oct 02, 2019 5:45 am Firms offering no commissions on trading:

Charles Schwab (announced 10/1/19)
TD Ameritrade (announced 10/2/19, effective 10/3/19)
Interactive Brokers (the IBKR-Lite tier)

Now you can buy whichever gold ETF you want, without concerns about fees. Probably lots of people will start buying AAAU now.

Anyone read/hear anything that's slamming gold and bonds today? Everyone will be putting 100% of their money in the stock market forever or something like that? No risk 25% a year investing?

Cortopassi wrote: ↑Thu Nov 07, 2019 1:15 pm Anyone read/hear anything that's slamming gold and bonds today? Everyone will be putting 100% of their money in the stock market forever or something like that? No risk 25% a year investing?

WSJ says

In Europe, negative yields on some long-term government bonds—which had alarmed investors when they proliferated earlier in the year—faded amid evidence that easier monetary policy and potentially constructive political developments may have helped the world’s biggest economies dodge a major growth slowdown.
...
Hopes of an initial trade deal between the U.S. and China this week help the outlook for Germany’s export-dependant economy—the eurozone’s largest—in particular, investors say.

WSJ paywalled - https://www.wsj.com/articles/the-wave-o ... 1573140838

So, I guess- trade tensions easing, bond yields surging.

Yup, it looks like there were public announcements today by both Chinese and American officials that the tariffs on each other's goods would be rolled back in phases if a trade deal is made.

My guess is that that news was the main driver of the sharp drop in gold and LTTs today.

dualstow wrote: ↑Thu Nov 07, 2019 3:10 pm

Cortopassi wrote: ↑Thu Nov 07, 2019 1:15 pm Anyone read/hear anything that's slamming gold and bonds today? Everyone will be putting 100% of their money in the stock market forever or something like that? No risk 25% a year investing?

WSJ says

In Europe, negative yields on some long-term government bonds—which had alarmed investors when they proliferated earlier in the year—faded amid evidence that easier monetary policy and potentially constructive political developments may have helped the world’s biggest economies dodge a major growth slowdown.
...
Hopes of an initial trade deal between the U.S. and China this week help the outlook for Germany’s export-dependant economy—the eurozone’s largest—in particular, investors say.

WSJ paywalled - https://www.wsj.com/articles/the-wave-o ... 1573140838

So, I guess- trade tensions easing, bond yields surging.

Very interesting that I have to visit this website to find out that something is "slamming" gold and bonds today.

The Wall Street traders are tripping over one another in a mad rush to dump safe assets for stocks because they think the global economy has been saved. I don't trade, but if I did, I would not be rushing back into stocks. I have confidence in Donald Trump. There is not much he can't screw up. Between Trump, Brexit, the ticking debt bomb and our unstable foreign affairs there are enormous opportunities for unpleasant surprises. For now I'm sticking with the HBPP and my smallish VP (VWIAX and silver).

I'm a gold buyer at $1435 with my 2020 Roth IRA money.

What I'd love in Jan on my annual rebalance is the opposite of what happened last year. With the drop in stocks late last year I was not able to lock in gains and sell some stocks in a rebalance.

This year I'd be able to rebalance a bit out of stocks if this uptrend holds.

Cortopassi wrote: ↑Thu Nov 07, 2019 5:22 pm What I'd love in Jan on my annual rebalance is the opposite of what happened last year. With the drop in stocks late last year I was not able to lock in gains and sell some stocks in a rebalance.

This year I'd be able to rebalance a bit out of stocks if this uptrend holds.

You could always do it early. What are the odds that optimum gains are going to line up with your preferred date of sale?

dualstow wrote: ↑Thu Nov 07, 2019 5:56 pm

Cortopassi wrote: ↑Thu Nov 07, 2019 5:22 pm What I'd love in Jan on my annual rebalance is the opposite of what happened last year. With the drop in stocks late last year I was not able to lock in gains and sell some stocks in a rebalance.

This year I'd be able to rebalance a bit out of stocks if this uptrend holds.

You could always do it early. What are the odds that optimum gains are going to line up with your preferred date of sale?

That would be timing in a way. Blindly doing it in early January makes it mindless and emotionless -- as well, I have my IRA contribution cash going in early January each year so that adds to the cash amount.

Yes, it would absolutely be timing.

Cortopassi wrote: ↑Thu Nov 07, 2019 8:52 pm

dualstow wrote: ↑Thu Nov 07, 2019 5:56 pm

Cortopassi wrote: ↑Thu Nov 07, 2019 5:22 pm What I'd love in Jan on my annual rebalance is the opposite of what happened last year. With the drop in stocks late last year I was not able to lock in gains and sell some stocks in a rebalance.

This year I'd be able to rebalance a bit out of stocks if this uptrend holds.

You could always do it early. What are the odds that optimum gains are going to line up with your preferred date of sale?

That would be timing in a way. Blindly doing it in early January makes it mindless and emotionless -- as well, I have my IRA contribution cash going in early January each year so that adds to the cash amount.

"That would be timing in a way. Blindly doing it in early January makes it mindless and emotionless"

I support you STAYING the course for the reasons you state! Reading what you wrote reaffirms it all for me.

Vinny

Wow, I'm amazed at how little I care about this....

since I decided to only look at my portfolio every 3 months. When I saw this post I thought, hey maybe I should check...then I thought, nah, got better things to do.