Forum Replies Created

Viewing 8 posts - 1 through 8 (of 8 total)
  • Author
    Posts
    • Wed, Apr 15, 2020 - 07:50pm

      #3
      John Wick

      John Wick

      Status Member (Offline)

      Joined: Oct 27 2014

      Posts: 20

      count placeholder0

      Reply To: Resign from peak prosperity

    Dear VM:

    When you figure out how to escape this matrix, please let me know. I signed up in 2014 and have been trying to get free ever since, with no success. Adam and Chris keep charging my credit card. I am helpless to resist.

    Your help would be much appreciated. I feel like I am in a dream and cannot escape! It is a nightmare. Including a Pandemic!

    And, I cannot stand any more TV streaming. Help me please.

    (But please don’t tell me I cannot watch The Last Kingdom. Life 1200 years ago looks pretty cool, and the girls are pretty cool too!) = Crusification?

    TWA

    • Wed, Apr 15, 2020 - 07:20pm

      #10
      John Wick

      John Wick

      Status Member (Offline)

      Joined: Oct 27 2014

      Posts: 20

      count placeholder0

      Why I’m buying buying stocks to diversify my precious metals

    Nedyne –

    No judgment intended in my post. Just commenting on something I’ve noticed about trading, and what may be setting up for gold. (It has been disappointing for so long).

    At the end of the day, peace of mind is all that matters. (And the wife’s POM).

    It sounds like you’ve done a great job in managing past risk, and in dealing with new opportunities. I honor your choices, and who can criticize diversifying? LOL, conventional wisdom is that PM should be a small part of one’s portfolio. PP people tend to be overweight, so to speak.

    So, I just wanted to add another perspective in the thread. Cheers all!

    TWA

    • Wed, Apr 15, 2020 - 02:50pm

      #7
      John Wick

      John Wick

      Status Member (Offline)

      Joined: Oct 27 2014

      Posts: 20

      count placeholder0

      Why I’m NOT buying stocks to diversify my precious metals

    Well, I’ve been buying and holding PMs for the past 7 years. I’ve also been a candlestick swing trader since the early 90s (though not so much anymore). I watched the value of my PMs decline and rallies fail, but it didn’t really bother me. I have other assets including commercial and other real estate, though not a ton.

    I think there is a danger of changing your investment strategy just because you can finally get out now with a profit. I mean, after being down so long it is natural to want to recover some of that ground – but that may be exactly the wrong thing to do, timing wise. There is a whole group of people who sell once they get back to break even, only to watch what they sold soar in value. This is how shake-outs occur just before break-outs.

    Go to investing.com and pull up the gold futures chart and go to max information. I swear that there is a beautiful multi-year cup that has formed. I recognize that gold moves in slow-mo generally speaking. What I am seeing looks to be very much like so many cups with handles that I’ve seen so many times (though the time is much shorter). Of course, we don’t have the handle yet but I expect it – as people who are break-even exit some or most of their positions. Then, boom. If this is correct reading of the as yet unconfirmed chart pattern of a cup with handle, the break-out to the upside will be huge given the depth of the cup.

    Me, I’m holding (but not buying more – stopped buying some years back). Chris and Adam have just been early to the dance, IMHO. The debt bomb that was, and is now getting logarithmic, will break the system, one way or another but when is always uncertain.

    But reasonable minds can differ and you all are right – timing the market is usually a fool’s errand (although I managed to call every crash since 1987. Not that I was smart enough to get rich though). Emotions are always our Achilles heal. Better to be an algorithm.

    I do have money on the side, and given that we will be testing the lows and going lower shortly, I’ll step in then to buy some quality stocks. If I am wrong about that opportunity unfolding, that’s okay too. Won’t chase it and cash is good, for now. The overhead resistance now with all the wrecked charts of the past 60 days are not inviting, to me.

    • Thu, Apr 09, 2020 - 07:44am

      #2
      John Wick

      John Wick

      Status Member (Offline)

      Joined: Oct 27 2014

      Posts: 20

      count placeholder1

      Self-Watering Containers

    Hey DT -Very nice job on the block garden and thanks for the step by step!

    Don’t have a yard without pulling out the bricks, so I am going the self-watering container route. Storage tubs; 4″ drip leachlines from Home Depot, covered with flexible leechline netting, and drainage hose at bottom and filler hose (5/8″) at top.

    5 gallon food safe containers also work. Tons of how-to’s on YouTube. Good solution for people with small yards and Jack Russells that might otherwise dig stuff out.

    Self-Watering Containers

    • Thu, Apr 09, 2020 - 06:43am

      #6
      John Wick

      John Wick

      Status Member (Offline)

      Joined: Oct 27 2014

      Posts: 20

      count placeholder0

      PM Daily Market Commentary – 04/08/2020: HUGE GOLD CUP REACHING CRITICAL MASS

    Don’t know if any of you long time candlestick traders have noticed the gigantic long term cup (8 years) that has been formed in the Gold market. Always need confirmation, but after a pullback handle once we reach 1780 or so, it suggests a movement upwards beyond belief, albeit it is a long term movement.

    • Sat, Apr 04, 2020 - 02:22pm

      #4
      John Wick

      John Wick

      Status Member (Offline)

      Joined: Oct 27 2014

      Posts: 20

      count placeholder3

      Paying off one’s home? NOOOOOOO!

    ConcreteBlond:

    My advice for whatever it is worth, and as a divorce attorney, is do not pay off your loan or any other debt, period. Better to play with other person’s (entity’s) monies. Those mortgage contracts cannot be increased by the lender. Let them assume the risk.

    You need fresh powder for whatever is coming next, i.e., capital. Borrow instead on those 3% loans and just put the money aside for now – cheap insurance at 3pc.

    The only reason to do it might be if you think that interest rates are going down. Unlikely, for consumers. More likely, deflation. If you believe that inflation is more likely, then your fixed obligation loans will cost you less in the future with future dollars that you earn.

    TWA

     

     

    • Sun, Mar 22, 2020 - 10:38am

      #3
      John Wick

      John Wick

      Status Member (Offline)

      Joined: Oct 27 2014

      Posts: 20

      count placeholder0

      Reply To: Take Out & Food Delivery

    Agreed. At least when I go to the store with my N95 and nit’s, I can create something of a wall. But food workers who may (or may not) be wearing nits or the equivalent but to a certainty aren’t wearing masks – nope. I had to battle myself yesterday because I wanted some tacos from the Bell just because I am sick of my own cooking, but decided they have to be shedding if they have it. And before three weeks ago, I hadn’t made a sandwich in years.

    • Thu, Mar 19, 2020 - 02:03pm

      #4
      John Wick

      John Wick

      Status Member (Offline)

      Joined: Oct 27 2014

      Posts: 20

      count placeholder0

      Should we take delivery of our physical gold?

    Not if you might want to sell it. It is much more liquid where it is.

    TWA

Viewing 8 posts - 1 through 8 (of 8 total)