2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.31

+0.6%

Nov 7 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

Recommended by:

WalterWhite

To: TobagoJack who wrote (169563)	3/19/2021 7:21:50 AM
From: Rarebird	1 Recommendation Read Replies (2) of 217619

All I know about Gold is that it is up against its downtrend line and it has traded pretty consistently with the movement in the 10 year bond. There is likely to be some quarterly rebalancing at the end of the month in favor of bonds so maybe Gold gets a bid. I think it is highly likely Gold and Bonds have peaked and have nowhere else to go but lower unless the Fed assumes yield curve control. I do think it is possible Gold can break USD $1000 and head back to $300 in the coming years, once a multi-decade secular bear takes hold. After all, many will need to cash out of their gold positions in order to survive. It is easy for me to look at gold or any other of my positions dispassionately because I don't like corporate America to begin with. When I tell you that my long and short positions are merely tools that I use for the sake of maximizing profit, I truly mean it. In spite of yesterday's down day (6 tenths of a percent), my portfolio is up nicely this week. I was long ACB a few months ago and made over 75% in 2-3 weeks. Now long MJ, which I see headed to $40. Was long GBTC a few months back at $32 and sold at $57-58. Now long from $43+. I am long a lot of dull, boring, unexciting stocks that are up nicely and have held up quite well. By instinct, I am a fanatic value player so it has been a good year so far. Went long BGS and NOC yesterday. A couple of more dull companies that I expect to be up sharply in the coming months.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next