$1500 gold and no posts yet?

I've got all whole lot more riding on equities than PM's. I'm going with the excitement on equities quite frankly. PM's are only the hedge.

 

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trim those hedges today a bit ...


but continued market turmoil will exist for a while.

 

I've thought about hedge trimming. I'll hold off till Ag hits some lofty $$.

 

This is a strange time with gold prices up so much this year. Gold's low this year was $1167; it is now $350 more!

With spot up 25% and the stock market down so much this month (but still up for the year), I neither want to sell nor buy more. Prices are too high to buy more gold. I have no need to sell because gold is doing its job of protecting my overall wealth. So....I can't really do much of anything but play with it.

 

Scaramucchi on the POG! Just sayin', I don't know the guy or anything! I think it's really something that he's fighting with you know who and then he comes up with talking to Kitco about gold. Is there a hidden agenda that I'm missing?

 

Jesus. The "mooch" is everywhere. Liberal shows, conservative shows, variety shows, comedy shows, now Kitco?! What a shameless self promoter.

 

You got that right! Yes, apparently he's still a Goldman Sachs shill, that's something I thought ended for him but I see now that I was wrong.

 

Gold is too high for me right now. I'm in a holding pattern on that. Silver is still a bargain as far as I am concerned. I think it should be around $23 right now. That is if the GSR was 65/1 which is not too delusional.

 

About 6 years back the GSR was like 45/1. So not entirely crazy.