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Gold Futures (GC) main discussion

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  #11 (permalink)
 Big Mike 
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@SMCJB, thread is now a sticky.

I'll only just say, those spreadsheets are exactly what the webinar should be about. I firmly believe in that type of analytical process for trading. Your webinar could focus on WHY you are just a boring spreadsheet trader. You don't have to disclose your formulas, but you could lean into the discussion on why spreadsheets are so critically important.

So, I just want to ask you once more to reconsider, and look at it from the above approach -- and how to show people there is certainly another way to be a good trader, without a bunch of charts -- and the awesome power of research and analytics in your trading (without a bunch of lines on a chart).

Mike

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  #12 (permalink)
 snax 
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SMCJB View Post
1/.

We went through this once before nobody has any interest in watching an old guy stare at spreadsheets! No sexy charts and random line theory going on here! Just massive boring spreadsheets!



3/. Interesting blog post from Craig Hemke of Sprott Money about the ongoing CME delivery rumors....



The CME Opens Pandora's Box by Craig Hemke of Sprott Money (31/03/2020)

https://www.sprottmoney.com/Blog/the-cme-opens-pandoras-box-craig-hemke.html




1) I think many of us would like to hear about your thoughts and experience.

2) almost posted that same article here until i saw you beat me to it. Pretty interesting and shows what little I know right now about how
the gold market really works.


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 SMCJB 
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snax View Post
1) I think many of us would like to hear about your thoughts and experience.

My wife thinks I should write a book. I tell her nobody would read it!

snax View Post
2) almost posted that same article here until i saw you beat me to it. Pretty interesting and shows what little I know right now about how the gold market really works.

I don't understand it either - I don't regularly trade Gold - but I do find all the stories interesting. Who knows which are true!

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 Salao 
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From a technical perspective I could see gold remaining range bound, between 1450 and 1700, for a little while.



Fundamentally I sometimes think of gold as a sentiment indicator for MMT. Not that this informs any of my trades... . Howard Marks recently released one of his memo's, and as always, provides thoughtful analysis of some recent themes in finance. I haven't read the whole thing yet, I usually pour over his memos over a couple of nights, but among the interesting points were:
  • The balancing act between restoring economic activity and stopping the spread of COVID-19.
  • The longer the economy is suppressed, the more difficult it will be to resuscitate. On the other hand, the longer the economy is inactive, the more likely we are to minimize the devastation to human health.
  • MMT is no longer theory, we are living it.

Just a couple bullets. The whole thing is here https://www.oaktreecapital.com/insights/howard-marks-memos.

Critics of MMT will use the "D" word...debasement, or the dollar losing its reserve currency status. In this memo, HM makes the point that the dollar may not be debased in relation to other currencies. Because everyone (the world) is doing it, which is an interesting point I haven't heard before. In sum, these are uncharted waters and I feel like this could cause some hesitation with gold...if in fact gold is correlated to MMT sentiment in anyway. Which may be a little nutty, but I don't know... .

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Big Mike View Post
@SMCJB, thread is now a sticky.

So, I just want to ask you once more to reconsider, and look at it from the above approach -- and how to show people there is certainly another way to be a good trader

Mike

IMO what he brings to the table is seasoned trader wisdom.

When I first came to this board he was the only one that gave me the kick in the ass that I needed. Which started a learning process that continues to this day. So I am always all ears as to what he has to say.


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 SMCJB 
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suko View Post
IMO what he brings to the table is seasoned trader wisdom.

When I first came to this board he was the only one that gave me the kick in the ass that I needed. Which started a learning process that continues to this day. So I am always all ears as to what he has to say.

You were heading in the wrong direction. All I did was point that out. You were a strong enough person to realize that and to change your ways. All the work was done by you.

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SMCJB View Post
My wife thinks I should write a book. I tell her nobody would read it!

Let me second what @Big Mike (and your wife) have said: I will watch your webinar, and so will others. People who read your stuff here will want to know more of what you think. Who cares what form it's in?

OK, that's out of the way, now get on the schedule.

Bob.

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 Grantx 
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SMCJB View Post
We went through this once before nobody has any interest in watching an old guy stare at spreadsheets! No sexy charts and random line theory going on here! Just massive boring spreadsheets!

I most definitely will watch it. Guaranteed I will learn something from you that I did not know before.

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 Salao 
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"Cash is Trash." Comments from The Ray Dalio for a reddit AMA:


Quoting 
“Please remember that while it doesn’t move around in value as much as other assets, there is a costly negative return to it,” the billionaire investor said during a Reddit Ask Me Anything event on Tuesday. “So I still think that cash is trash relative to other alternatives, particularly those that will retain their value or increase their value during reflationary periods (e.g., some gold and some stocks).”

https://www.bloomberg.com/news/articles/2020-04-07/dalio-still-thinks-cash-is-trash-as-printing-presses-roll?sref=HJ5vRDOD

Gold still seems range bound to me...


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 SMCJB 
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"Cash maybe Trash" (especially in an inflationary period) but "Liquidity is King". Difficult balancing the two. Right now I have a lot of cash hoping that there will be more bargains for those that have liquidity,

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