Bam Bam
Well-known member
Maybe the gold futures are inversely related to the DXY? If you could overlay a DXY chart over a gold futures chart, you might see that the dollar and the gold compete with each other. Just a guess.
Anybody Buying Yet? Where’s the Bottom?
- Thread starter NEWHunter
- Start date
BigHornRam
Well-known member
I got less faith in the dollar than I do in the market right now, and that's saying something. #*^@#* it, I bought this morning.
SAJ-99
Well-known member
Dollar is at all-time highs. That is certainly not helping gold, as @Bam Bam surmised. We just have to keep in mind that over the last 12 months, anything that went down is going to be negatively correlated to rates and the dollar. It doesn't mean that has to hold tomorrow. This is one of the crazier markets I have seen in terms of the difference of opinions on data and outlook. The money is all pointing negative however.
BigHornRam
Well-known member
The herd's starting to run now. Beans and rice boys, beans and rice.
I’m afraid to look now.The herd's starting to run now. Beans and rice boys, beans and rice.
D
Deleted member 28227
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That 2% APY on my savings account seems real good right now lolThe herd's starting to run now. Beans and rice boys, beans and rice.
rogerthat
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My wife is sitting on a giant horde of cash(giant for poor people)…how I will ever convince her to deploy it will be the challenge. Bonds are on path for record yearly losses. The bubble has finally popped in my opinion
BigHornRam
Well-known member
Nevermind that you get to pay taxes on that windfall and inflation is over 8%.
rogerthat
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Better than the alternative. My test “conservative” yield port has been absolutely crushed in the last week in a half +2% to -5%.Nevermind that you get to pay taxes on that windfall and inflation is over 8%.
Edit: ignoring dividends/yield.
BigHornRam
Well-known member
My wife and your wife must be related.....
D
Deleted member 28227
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Yeah exactly lol
I set up an IRA at the peak went from $6k to $4920... my rainy day fund is up a couple hundred.
Inflation doesn't really matter if there isn't a good "return" to be had. Could have done some I bonds or something.
If one had 200k or something in cash... and wasn't looking at a 5+ year horizon I'm not sure what I'd do.
I've got an automatic transfer to my we bull account but lately I haven't even been buying anything. Sometimes I'll dollar cost average some of my positions but otherwise I'm thinking cash is my best position during then fall when I don't have time to research
rogerthat
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When the dollar turns(we got to be close) I think GLD might not be a bad spot for some money. Something I’m considering.
westbranch
Well-known member
Another thing to consider with looking at commodity ETFs, most are structured as grantor trusts or publicly traded partnerships. Easy to mess up when doing DIY tax filings. If relatively small amounts invested it is probably won't trigger anything with the IRS but still a PITA.
For example on GLD:
For example on GLD:
SAJ-99
Well-known member
EM debt when/if the dollar turns.
Sounds like my tsp. Looks good from afar until I acknowledge the "x"% per paycheck auto deposited. Haha!I've got an automatic transfer to my we bull account but lately I haven't even been buying anything. Sometimes I'll dollar cost average some of my positions but otherwise I'm thinking cash is my best position during then fall when I don't have time to research
rogerthat
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Still no flight to safety in bonds. We are going down!!!!!
SAJ-99
Well-known member
I'm surprised nothing has broken yet.
