MARKETS,Anybody even yet?

[dinghy]

I been buying SLV and NUGT then wait for dollar to roll over.

[FAA]

That’s a pretty cool cheat sheet. I can’t even appreciate having a plus day. It came on the first day after a hefty sell off!

[dinghy]

GDXJ <30.

Energy sector -4% today. Every other sector within 1% of unchanged.

My settled cash balances are nearly exhausted, so now I have to sell off more Treasuries on a down day.

Good, you?

[FAA]

Misery loves company. The good day sell off hit me on Friday. Today overall good. Markets: +0.23%, +0.36%, 0.35%. Me: +0.18%. Sell off has cost me $300 or so. But at least one apocalyptic day is forthcoming and I'll rationalize it then, though it feels awful now.

[FAA]

Major bear market rally. I feel oddly ambivalent. Must time my repurchase instructions like threading a needle. I figure the fall will be an okay time to partially tiptoe back.

[dinghy]

Major bear market rally.

Year-to-date chart:



VEU (pink) is total world excluding USA.
VTI (blue) is total USA.
QQQ (green) is "the tech-heavy" Nasdaq 100.

VEU enjoyed a few weeks of outperformance, but has fallen back to parity with VTI.

Latest CAPES, furnished by Barclays:



I've been buying some of the lower numbers on the list, including Brazil + Latin America, Germany and Poland, Korea and Singapore. I'm gradually accumulating VEA (adding on lower lows) for general international exposure.

[dinghy]

That's two days in a row for me without a stock trade.

What if I forget how?

[FAA]

I likely made a few bucks today with NASDAQ the only positive index. This week has upended my expectations big time.

[olds442jetaway]

No more pie in the sky Market pot shots for me. Quality and Dividend plays only. This market has thrown out the old 60/40 stock and bond split like the 1600’s crowd throwing out the baby with the bath water. I say that now, yet I continue to patronize a casino. I must admit I am a bit surprised gold hasn’t hit at least 1900 by now. Other forces are at work in this world meaning the Multi Billionaires who are one step ahead of everyone and are privey to information we are not allowed to see or know about until after the fact.
Getting back to gold again, I think part of the problem is this Generation would rather chew on a Bitcoin, look at a picture of a burger on a cash register instead of doing a little math, punch on a bunch of buttons to get answers they are incapable of learning on their own, or Care to bury a handful of gold coins in their back yard or even a bank safe deposit box. Oh, that’s right. They don’t have back yards or even care to!

[dinghy]

I must admit I am a bit surprised gold hasn’t hit at least 1900 by now.

One factor against gold is that it's far above production cost, which incentivizes supply. Contrast against something like uranium, where major producers such as Cameco and Kazatomprom not long ago shut down mines because it was unprofitable to pull the stuff out of the ground.

But gold has unusual dynamics because it's hoarded rather than used up, reducing the impact of new supply. And many other factors are gold-favorable.

My favorite way to own gold is CEF Sprott Physical Gold & Silver Trust. The split is 2/3rds gold, 1/3rd silver. Current discount is on the low end at nearly 4%:



If gold goes up, the narrowing discount should boost your return.

I also own PSLV, which is silver only.



A decade ago as silver was topping near $50, the PSLV premium went berzerk. I think silver currently at $19.32 is "cheaper" than gold at $1742.