Gold down $86 | TigerDroppings.com
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fishfighter
LSU Fan
Baton Rouge
Member since Apr 2008
20630 posts

Gold down $86

OHHHHHHHH boy. Here comes one hell of a correction in the market today. Bad enough yesterdays closing.

What y'all think?


Janky
LSU Fan
Team Primo
Member since Jun 2011
9978 posts

re: Gold down $86
I think I am happy I sold my bond funds last Thursday.


HailToTheChiz
North Carolina Fan
Chapel Hill
Member since Aug 2010
9766 posts

re: Gold down $86


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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
22619 posts

re: Gold down $86
I feel bad for a lot of people I know that were throwing all their money to gold and silver...


ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
7186 posts

re: Gold down $86
I've been waiting for this for awhile, I'm in on silver at $20. Placing order now.


ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: Gold down $86
dont worry C theyll collect dividends on gold as it corrects....lol

over here Im having a woody bc of this correction, my biggest position pays its dividend friday and I get more shares!


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AUtigerNOLA
Auburn Fan
New Orleans, LA
Member since Apr 2011
11417 posts

re: Gold down $86
If gold is down, you know the dolla is up.

Anyway, the Feds say they are going to stop pumping as soon as 2014, if the economy improves, which they believe is showing signs of improvement. Thats whats triggering the sell off right now. I dont think it will be as bad as some people think.
This post was edited on 6/20 at 7:55 am


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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
23162 posts

re: Gold down $86
quote:

I feel bad for a lot of people I know that were throwing all their money to gold and silver...


This is what happens when you invest emotionally.


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LSURussian
LSU Fan
Member since Feb 2005
85143 posts

re: Gold down $86
quote:

I feel bad for a lot of people I know that were throwing all their money to gold and silver...

I don't.

It's just an example of financial Darwinism at its finest....


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PlanoPrivateer
LSU Fan
Frisco, TX
Member since Jan 2004
1435 posts

re: Gold down $86
quote:

I think I am happy I sold my bond funds last Thursday.

Where did up put the money?


Janky
LSU Fan
Team Primo
Member since Jun 2011
9978 posts

re: Gold down $86
quote:


Where did up put the money?


I can do my best Russian impersonantion and say I went 100% into the US dollar, but I would be lying.

Went to cash until yesterday then put most of it back in to a few balanced funds I use. I know these funds have bonds too, but I figured this was a better place than cash. I also parked some of it in PBSMX.


ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: Gold down $86
Talk about wealth transfer.....only a dumb person would be selling great companies with great dividend histories today.

That is financial darwinism, people taking losses while nothing has fundamentally changed in these companies from last week to today.

I bought 3 or 4 companies I loved at great great prices today


fishfighter
LSU Fan
Baton Rouge
Member since Apr 2008
20630 posts

re: Gold down $86
Myself, first thing this morning, I bought 1,000 shares of Gold Corp at 24.51. Then I put my sell order in for all at $24.92. Quick $400 in 30 minutes. God, I love a dropping market. Way to easy of picking.

Done for the day, but still looking at a few.


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LSU0358
LSU Fan
Member since Jan 2005
5539 posts

re: Gold down $86
I do as well on gold and silver. I was very bullish on gold until it broke the 1500 level. Any PM purchases should be viewed as short term trades IMO. Buying for long term isn't going to work out to well IMO, especially when compared to stocks.


fishfighter
LSU Fan
Baton Rouge
Member since Apr 2008
20630 posts

re: Gold down $86
I been on the side lines waiting for a correction for the last three months.

Still waiting for a bigger drop in the next week or two and play the over sold market each morning in day trading.

Never Get Greedy doing THIS!


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PlanoPrivateer
LSU Fan
Frisco, TX
Member since Jan 2004
1435 posts

re: Gold down $86
quote:

Went to cash until yesterday then put most of it back in to a few balanced funds I use. I know these funds have bonds too, but I figured this was a better place than cash. I also parked some of it in PBSMX.


Thanks. PBSMX has a duration of 2.91. I will be reallocating among stock mutual funds and bond mutual funds at the end of the month. One of my funds is a stable value fund with a low duration. That's the one I've been moving money to play defense on my bond side.


Janky
LSU Fan
Team Primo
Member since Jun 2011
9978 posts

re: Gold down $86
quote:

PlanoPrivateer


PBSMX is an A share with a 3.25% front load. I am able to buy it on a load waived basis, so it makes sense for me. I am sure they have other share classes, but I would not pay a load to buy it.


Jim Rockford
LSU Fan
Member since May 2011
39342 posts

re: Gold down $86
Fox news will have to find a new sponsor.


fishfighter
LSU Fan
Baton Rouge
Member since Apr 2008
20630 posts

re: Gold down $86
The market as one is taking a beating. Knocked out May and June rises.

No place to run.


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PlanoPrivateer
LSU Fan
Frisco, TX
Member since Jan 2004
1435 posts

re: Gold down $86
quote:

PBSMX is an A share with a 3.25% front load. I am able to buy it on a load waived basis, so it makes sense for me. I am sure they have other share classes, but I would not pay a load to buy it.

Thanks. Don't plan on buying that one. I was just wondering where you were moving that money to. I am favoring low duration bonds and dividend paying stocks. Looks like we may be getting some higher yields from dividend paying stocks if the market keeps droping.


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