Gyroscopic Investing

whew

There's almost $150 bid/ask spread on Kitco's gold pool.
Normal is $1.

dualstow wrote: ↑Tue Mar 24, 2020 5:41 pmwhew

It wasn't that much money but I still didn't want to have to explain it to my wife.

Mine always asks, “Are we...doing ok?” “Yes, Dear. We’re fine.”
End of financial conversation.

Gold up from below 1500 to 1680 to 1630. Crazy.

ppnewbie wrote: ↑Tue Mar 24, 2020 6:06 pm Gold up from below 1500 to 1680 to 1630. Crazy.

Now at 1688. That was a bad year.

Eh. Maybe I'm too superstitious.

Poor lil Kitco, looks like their site crashed.

Kriegsspiel wrote: ↑Tue Mar 24, 2020 6:45 pm Poor lil Kitco, looks like their site crashed.

Looks ok

Gold futures are now up over $1730 for a new cycle high.

On what site? The numbers are completely inconsistent!

Cortopassi wrote: ↑Mon Apr 06, 2020 9:51 pm On what site? The numbers are completely inconsistent!

Gold futures contract (GC1!) on TradingView. Looks like it pulled back a bit to $1710, but still over that psychological $1700 barrier.

Today was a new 7.5 year high at 1719.

My HSA was "stuck" at a certain level for a long time, I haven't been able to contribute for a long time due to lack of eligible health insurance. I just noticed it was up to 1.4x where it was stuck at, because the miners exploded. Newmont Goldcorp has been on a great run, in earliest 2020 I acquired Metalla and that just popped, I also have Franco Nevada and Wheaton Precious Metals (all of them except Newmont are royalty & streaming companies). And gold above $1700. Great stuff.

I got my ideas from Lyn Alden.

I can get rid of my last bit of IAU today, yay!
(I don’t know exactly what it will look like on tax forms, Sophie, but it feels like breakeven).
The *lowest* per-ounce quote I can find right now is US $1730, wow.
Still stuck with some PHYS.

Gold spot is $1784 as of this moment. Wow.

Smith1776 wrote: ↑Tue Apr 14, 2020 9:47 am Gold spot is $1784 as of this moment. Wow.

I haven't seen that high a print. Where did you see it?

Yikes! $1755 on Apmex

ppnewbie wrote: ↑Tue Apr 14, 2020 11:14 am Yikes! $1755 on Apmex

Plus over $100 spread, booooo

Physical metal is still way too pricey. IAU will have to do for now.

Libertarian666 wrote: ↑Tue Apr 14, 2020 10:42 am

Smith1776 wrote: ↑Tue Apr 14, 2020 9:47 am Gold spot is $1784 as of this moment. Wow.

I haven't seen that high a print. Where did you see it?

Looks like I caught it on one of those brief spikes on the chart. Talk about timing.

Bank of America... "The Fed can't print gold"

BofA says gold is going to $3000/oz.
https://www.bloombergquint.com/business ... print-gold

Ad Orientem wrote: ↑Tue Apr 21, 2020 12:41 pm Bank of America... "The Fed can't print gold"

BofA says gold is going to $3000/oz.
https://www.bloombergquint.com/business ... print-gold

If it does, I'm picturing Tech and Mrs Tech popping the champagne.

dualstow wrote: ↑Tue Apr 21, 2020 1:05 pm

Ad Orientem wrote: ↑Tue Apr 21, 2020 12:41 pm Bank of America... "The Fed can't print gold"

BofA says gold is going to $3000/oz.
https://www.bloombergquint.com/business ... print-gold

If it does, I'm picturing Tech and Mrs Tech popping the champagne.

Yes, that would be nice. Perhaps we should take a picture of our celebratory toast!

Ad Orientem wrote: ↑Tue Apr 21, 2020 12:41 pm Bank of America... "The Fed can't print gold"

BofA says gold is going to $3000/oz.
https://www.bloombergquint.com/business ... print-gold

Awesome. That would bring me to the 25% gold allocation. Past it, really.

Amazing, almost 2.5 months since the last post in the gold scream room!

I figured I'd post this, because I don't see or hear anything about gold lately. At all.