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The Lunatic Fringe - Trading talk.

Zed

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Zed

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Strawboss

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It bothers me that government have not come out strong one way or the other.

Looks like a honey trap.
Armstrong is right.

Those in power can do whatever they want.
 

Zed

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What if BTC is allowed to be simply to take pressure off of the gold market. Wouldn't that be a kicker!
 

Strawboss

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What if BTC is allowed to be simply to take pressure off of the gold market. Wouldn't that be a kicker!
Damn dude...

Never thought about that - but it makes perfect sense...and the more it rises - the more it will suppress gold.

I need to ponder that some...
 

dpong

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Regarding my retirement account Slow-Trade "system" that is designed to make no more than 1 trade in a month, trading the S&P 500 on the monthly chart. I just went through and back-tested it all the way back to 1920. It is a very simple system, and is in no way optimized. It attempts only to avoid depressions or great recessions while letting me sleep at night long the market.

For such a simple system it has done surprisingly well, especially when thinking of its modest goal.

From 1920 until today it has made only 40 trades, with one currently open trade. It does give some back to the market periodically. But if you look at the size of the gains vs. the size of the losses it is not a bad trade-off. Imagine, for example, that you had this mix of wins and losses on your list of all trades this year. I for one would be mostly satisfied overall.

Frankly, I'm a little surprised.

[If only the future would look like the past... Oh well.]

[It is certainly not a get rich quick scheme.]

Window_and_Book1.jpg


saMHIdVU.png
 

Zed

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Damn dude...

Never thought about that - but it makes perfect sense...and the more it rises - the more it will suppress gold.

I need to ponder that some...
Yes... it helps. You are going to have an easier time of acquiring more gold or suppressing its price if there is some distraction.
 

Zed

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We look setup for a Fridayyyyyyyyyyyyyyyyyyyyyyy!

Be careful up there.
 

Zed

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Zed

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Lancers32

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Regarding my retirement account Slow-Trade "system" that is designed to make no more than 1 trade in a month, trading the S&P 500 on the monthly chart. I just went through and back-tested it all the way back to 1920. It is a very simple system, and is in no way optimized. It attempts only to avoid depressions or great recessions while letting me sleep at night long the market.

For such a simple system it has done surprisingly well, especially when thinking of its modest goal.

From 1920 until today it has made only 40 trades, with one currently open trade. It does give some back to the market periodically. But if you look at the size of the gains vs. the size of the losses it is not a bad trade-off. Imagine, for example, that you had this mix of wins and losses on your list of all trades this year. I for one would be mostly satisfied overall.

Frankly, I'm a little surprised.

[If only the future would look like the past... Oh well.]

[It is certainly not a get rich quick scheme.]

View attachment 188722

View attachment 188723
Wonder how something like the Permanent Portfolio or something like that would compare. Fidelity has a tracker on their website using Gold Bonds and an SP equivalent 1/3 in each no trades just rebalancing that shows monster gains since 1980.
 

Zed

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6% down here... "bargain hunting" is on. They are early IMO 1./ I don't trust Friday. 2./ I think next week is probably better timing. 3./ Not looking for a V here. Maybe wrong but I'm thinking some chop.
 
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oldgaranddad

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oldgaranddad

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Zed

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Zed

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bemac

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What if BTC is allowed to be simply to take pressure off of the gold market. Wouldn't that be a kicker!
All btc's are currently valued at a measly 1 million oz of gold. It's a $200 billion market. Gold is at ~9 trillion.
 

Zed

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All btc's are currently valued at a measly 1 million oz of gold. It's a $200 billion market. Gold is at ~9 trillion.
Is that right? One tech CEO is suppose to have put hundreds of millions into it?
 

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So much for Friday! Still can't shake that one more down leg feeling. It's probably wrong.
 

Zed

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Zed

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Zed

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You got to be focking kidding.
Apparently the pots and kettles are now yelling black at each other!

Nobody fact checks like Twatter!
 

Zed

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On a price-to-book value, the gold stocks over the past five years have traded at the lowest multiples ever. As stock prices have gone up, so too have the book values of mining companies. At 1.3 times book value, the major miners are trading at a better-than-40% discount compared to their trading range from the early 1980s to 2013, and lower today than at any point from 1985 to 2007.
Short but good read about mining shares
https://www.theassay.com/articles/g...stment-of-choice-with-plenty-of-upside-ahead/
 

Zed

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Zed

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You get the feeling that something has to happen with the election system in the USA such that faith will be restored in the process. The thing is that neither side will be happy if the other side presides over the process!
 

bemac

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Is that right? One tech CEO is suppose to have put hundreds of millions into it?
Actually it was off.

There are 21 million btc in existence. At 15,903 USD per, it's at 334 billion USD, or ~ 176 million oz of gold.