Gyroscopic Investing

Don wrote: ↑Sun Jul 26, 2020 5:36 pm

buddtholomew wrote: ↑Sun Jul 26, 2020 8:26 am

I Shrugged wrote: ↑Sat Jul 25, 2020 6:25 pm Is Budd's joy a contrarian indicator?

It’s more relief than joy.
Hope that helps you decide haha

Budd, is that you?

Yes it is I, the one and only Buddtholomew. At least the username is always available when I create a new account.

Sunday night and precious metals are on the move. Gold is bouncing another 1.5% . Now $1925/oz. And silver is up 5% after taking a couple days off.

buddtholomew wrote: ↑Sun Jul 26, 2020 8:04 pm

Don wrote: ↑Sun Jul 26, 2020 5:36 pm

buddtholomew wrote: ↑Sun Jul 26, 2020 8:26 am

I Shrugged wrote: ↑Sat Jul 25, 2020 6:25 pm Is Budd's joy a contrarian indicator?

It’s more relief than joy.
Hope that helps you decide haha

Budd, is that you?

Yes it is I, the one and only Buddtholomew. At least the username is always available when I create a new account.

By the count of your posts it seems like you are merely re-activating the same one you've had?

Vinny

Hi Budd. Nice to see you back.

Damn. O_O

Just like HB said gold and the USD would react....

https://www.zerohedge.com/markets/spot- ... ccelerates

I think there’s some metaphysical phenomenon that if we hit 2000, Craig and Medium Tex will briefly remanifest.

dualstow wrote: ↑Mon Jul 27, 2020 6:09 am I think there’s some metaphysical phenomenon that if we hit 2000, Craig and Medium Tex will briefly remanifest.

Cue the music....
https://www.youtube.com/watch?v=-b5aW08ivHU

yankees60 wrote: ↑Sun Jul 26, 2020 11:45 pm

buddtholomew wrote: ↑Sun Jul 26, 2020 8:04 pm

Don wrote: ↑Sun Jul 26, 2020 5:36 pm

buddtholomew wrote: ↑Sun Jul 26, 2020 8:26 am

I Shrugged wrote: ↑Sat Jul 25, 2020 6:25 pm Is Budd's joy a contrarian indicator?

It’s more relief than joy.
Hope that helps you decide haha

Budd, is that you?

Yes it is I, the one and only Buddtholomew. At least the username is always available when I create a new account.

By the count of your posts it seems like you are merely re-activating the same one you've had?

Vinny

Correct Vinny.
My response was tongue in cheek as I use the username “buddtholomew” for other forums and accounts as well and it has always been available for use (so I am the one and only buddtholomew).

I did request a ban from this board and also Xan was gracious enough to re-enable the account at my request.

dualstow wrote: ↑Mon Jul 27, 2020 6:09 am I think there’s some metaphysical phenomenon that if we hit 2000, Craig and Medium Tex will briefly remanifest.

You might need an alchemist for that.

Ad Orientem wrote: ↑Mon Jul 27, 2020 12:06 am Hi Budd. Nice to see you back.

Thank you!!

Well how about that? New gold all-time highs.I wasn't planning to log back in here until after the election was over and the political debates died down. Alas, I felt like there is no better place to celebrate the new all-time highs than here. Can we actually clear that psychological 2k level???

pmward wrote: ↑Mon Jul 27, 2020 12:18 pm Well how about that? New gold all-time highs.I wasn't planning to log back in here until after the election was over and the political debates died down. Alas, I felt like there is no better place to celebrate the new all-time highs than here. Can we actually clear that psychological 2k level???

Pure speculation here... but in the near term I expect gold to continue to move up before pausing for consolidation around the $2k mark. In the intermediate term I I am bullish on gold and expect it to continue to outperform as long as the government is running insane deficits, suppressing interest rates in the bond market, printing money like water and using much of that newly printed money to buy its own bonds. In the near term silver will likely outperform gold due to the still wide, but narrowing, gap in the silver gold price ratio as well as declining production coupled with increased industrial demand. Long term, silver prices will overshoot (it's one of the constants of history) and then correct downward.

Ad Orientem wrote: ↑Mon Jul 27, 2020 3:12 pm

pmward wrote: ↑Mon Jul 27, 2020 12:18 pm Well how about that? New gold all-time highs.I wasn't planning to log back in here until after the election was over and the political debates died down. Alas, I felt like there is no better place to celebrate the new all-time highs than here. Can we actually clear that psychological 2k level???

Pure speculation here... but in the near term I expect gold to continue to move up before pausing for consolidation around the $2k mark. In the intermediate term I I am bullish on gold and expect it to continue to outperform as long as the government is running insane deficits, suppressing interest rates in the bond market, printing money like water and using much of that newly printed money to buy its own bonds. In the near term silver will likely outperform gold due to the still wide, but narrowing, gap in the silver gold price ratio as well as declining production coupled with increased industrial demand. Long term, silver prices will overshoot (it's one of the constants of history) and then correct downward.

In trying to look at all angles, and looking at risks to gold, there is one thing I worry about... that being the rolloff in Fed liquidity at a time when the treasury is issuing more debt. The Fed provided liquidity in advance, but now it could almost function as a tightening of liquidity where they are providing less and less liquidity while the treasury is issuing more and more debt. To keep the ship afloat, especially with new stimulus on the way (and more debt along with it) the Fed will need to step up and do their part. If they don't and keep reducing liquidity into that it could cause a liquidity event which definitely could impact metals negatively by proxy of a less negative real yield on treasuries. I think this week is quite pivotal with a Fed meeting and fiscal stimulus continuation deadlines all looming. There's a lot of kindling there that could bring out the metals bulls or bears.

If these things all go smoothly, I do think gold will continue it's recent pattern of consolidating for a few months, then breaking out, then consolidating, then breaking out. I wouldn't be surprised either to see a consolidation or a pullback start anytime between now and 2k. It's probably not a bad time to rebalance if someone is over a rebalancing band. SLV is a bit harder to judge, as it relies also on industry. But copper has been led silver up, so that is a very promising sign on the industrial front. I wouldn't personally make any new SLV purchases at these price levels, but it is a good dip buy candidate to watch.

And gold up another 2% today. New nominal record of $1937/oz.

Woah. O_O

Now $1955. And silver just blew through $25/oz.

I wish we had like buttons here.
Anyway, like like like like like like....

Tortoise wrote: ↑Mon Jul 27, 2020 6:39 pm EC0220A0-422A-4333-93EA-A6847884F9F2.gif

Please, please, please post this in the Knuckleheads forum.

Smith1776 wrote: ↑Mon Jul 27, 2020 7:43 pm

Tortoise wrote: ↑Mon Jul 27, 2020 6:39 pm EC0220A0-422A-4333-93EA-A6847884F9F2.gif

Please, please, please post this in the Knuckleheads forum.

Done.

Tortoise wrote: ↑Mon Jul 27, 2020 7:58 pm

Smith1776 wrote: ↑Mon Jul 27, 2020 7:43 pm

Tortoise wrote: ↑Mon Jul 27, 2020 6:39 pm EC0220A0-422A-4333-93EA-A6847884F9F2.gif

Please, please, please post this in the Knuckleheads forum.

Done.

?

Tortoise wrote: ↑Mon Jul 27, 2020 7:58 pm

Smith1776 wrote: ↑Mon Jul 27, 2020 7:43 pm

Tortoise wrote: ↑Mon Jul 27, 2020 6:39 pm EC0220A0-422A-4333-93EA-A6847884F9F2.gif

Please, please, please post this in the Knuckleheads forum.

Done.

LOL. I love how the GIF text is the same as what the previous guy posted.

Ad Orientem wrote: ↑Mon Jul 27, 2020 8:05 pm

Tortoise wrote: ↑Mon Jul 27, 2020 7:58 pm

Smith1776 wrote: ↑Mon Jul 27, 2020 7:43 pm

Tortoise wrote: ↑Mon Jul 27, 2020 6:39 pm EC0220A0-422A-4333-93EA-A6847884F9F2.gif

Please, please, please post this in the Knuckleheads forum.

Done.

?

https://www.bogleheads.org/forum/viewto ... 0#p5397560

Unfortunately, a buzzkill admin removed the displayed GIF and replaced it with a link. Typical tight-ass Knuckleheads.

Has anyone decided to harvest some gains in Gold?
I’m well within bands but seems a reasonable time to ring the register.

I know it’s against the rules to mention such things but interested in others thought processes at this time.

With all assets performing so well and cash at optimal level already am I best served to just sit tight.

Difficult for me not to advance and protect by selling a bit to cash.