US Housing priced in gold

[Chris Scoreboard Johnston]

Been using this concept for years in valuing markets vs one another, I guess my secret is out now. It also works for SP500 although 10 or 30 yr bonds work better. Reversions regularly happen when these overbought/oversold levels are hit. Of course you use the dollar vs gold to determine gold valuations.

Can’t wait to buy gold now since it is going to 6k, Jesus people do not fall for this con. The Gold hype is just like housing in 2005 and stocks in 2007, 2000. Plus my favorite part is that you get to pay a 35% commission to buy the coins, so you need a huge move just to have a scratch trade.

I cannot believe people fall for this crap. Only a matter of time before Joe Battalia gets a pie thrown in his face. I do trade the long side of this market at times, but I am just shocked at how many people are swallowing this hype on something that has already tripled.

The 6k Gold people are the same ones that blew the tops in housing and stocks, yet we will bet our live savings on them to get this one right?

Interesting how 1980 to 2000 does not count with Gold. Remember we had big time inflation in the early eighties.

[4plexowner]

Chris, aren’t you the one who kept telling us that gold was about to fall back to $600 while it was on its way to the first test of $1000? Hoping you’ll eventually be right on this asset class?

“Interesting how 1980 to 2000 does not count with Gold”

Not sure what you mean by that – gold entered a secular bear market after its peak in 1981 – remaining in the precious metals after 1981 was a mistake – so 1980-2000 did matter to gold in that it demonstrated that all assets go through secular periods of rising and falling – an intelligent person realizes that and does his best to stay on the right side of secular trends whether they are in gold, stocks or beanie babies

once again, gold is in a secular bull market – in the bull market that ended in 1981 gold rose 24 times – 24 times the $350 low in gold takes us to $8400

perhaps your focus on trading has blinded you to the fact that the big money is made by taking a position and holding it till the end of a trend – even Jesse Livermore said, “After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting.”

[4plexowner]

Chris, aren’t you the one who kept telling us that gold was about to fall back to $600 while it was on its way to the first test of $1000? Hoping you’ll eventually be right on this asset class?

“Interesting how 1980 to 2000 does not count with Gold”

Not sure what you mean by that – gold entered a secular bear market after its peak in 1981 – remaining in the precious metals after 1981 was a mistake – so 1980-2000 did matter to gold in that it demonstrated that all assets go through secular periods of rising and falling – an intelligent person realizes that and does his best to stay on the right side of secular trends whether they are in gold, stocks or beanie babies

once again, gold is in a secular bull market – in the bull market that ended in 1981 gold rose 24 times – 24 times the $350 low in gold takes us to $8400

perhaps your focus on trading has blinded you to the fact that the big money is made by taking a position and holding it till the end of a trend – even Jesse Livermore said, “After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting.”

[4plexowner]

Chris, aren’t you the one who kept telling us that gold was about to fall back to $600 while it was on its way to the first test of $1000? Hoping you’ll eventually be right on this asset class?

“Interesting how 1980 to 2000 does not count with Gold”

Not sure what you mean by that – gold entered a secular bear market after its peak in 1981 – remaining in the precious metals after 1981 was a mistake – so 1980-2000 did matter to gold in that it demonstrated that all assets go through secular periods of rising and falling – an intelligent person realizes that and does his best to stay on the right side of secular trends whether they are in gold, stocks or beanie babies

once again, gold is in a secular bull market – in the bull market that ended in 1981 gold rose 24 times – 24 times the $350 low in gold takes us to $8400

perhaps your focus on trading has blinded you to the fact that the big money is made by taking a position and holding it till the end of a trend – even Jesse Livermore said, “After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting.”

[4plexowner]

Chris, aren’t you the one who kept telling us that gold was about to fall back to $600 while it was on its way to the first test of $1000? Hoping you’ll eventually be right on this asset class?

“Interesting how 1980 to 2000 does not count with Gold”

Not sure what you mean by that – gold entered a secular bear market after its peak in 1981 – remaining in the precious metals after 1981 was a mistake – so 1980-2000 did matter to gold in that it demonstrated that all assets go through secular periods of rising and falling – an intelligent person realizes that and does his best to stay on the right side of secular trends whether they are in gold, stocks or beanie babies

once again, gold is in a secular bull market – in the bull market that ended in 1981 gold rose 24 times – 24 times the $350 low in gold takes us to $8400

perhaps your focus on trading has blinded you to the fact that the big money is made by taking a position and holding it till the end of a trend – even Jesse Livermore said, “After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting.”

[4plexowner]

Chris, aren’t you the one who kept telling us that gold was about to fall back to $600 while it was on its way to the first test of $1000? Hoping you’ll eventually be right on this asset class?

“Interesting how 1980 to 2000 does not count with Gold”

Not sure what you mean by that – gold entered a secular bear market after its peak in 1981 – remaining in the precious metals after 1981 was a mistake – so 1980-2000 did matter to gold in that it demonstrated that all assets go through secular periods of rising and falling – an intelligent person realizes that and does his best to stay on the right side of secular trends whether they are in gold, stocks or beanie babies

once again, gold is in a secular bull market – in the bull market that ended in 1981 gold rose 24 times – 24 times the $350 low in gold takes us to $8400

perhaps your focus on trading has blinded you to the fact that the big money is made by taking a position and holding it till the end of a trend – even Jesse Livermore said, “After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting.”

[patientrenter]

I agree that buying things that have tripled in price in recent times isn’t a wise long-term strategy. Might work a few times, and won’t work others. Could be very painful overall. Look first for assets that are priced less than their long-term average.

[patientrenter]

I agree that buying things that have tripled in price in recent times isn’t a wise long-term strategy. Might work a few times, and won’t work others. Could be very painful overall. Look first for assets that are priced less than their long-term average.

[patientrenter]

I agree that buying things that have tripled in price in recent times isn’t a wise long-term strategy. Might work a few times, and won’t work others. Could be very painful overall. Look first for assets that are priced less than their long-term average.

[patientrenter]

I agree that buying things that have tripled in price in recent times isn’t a wise long-term strategy. Might work a few times, and won’t work others. Could be very painful overall. Look first for assets that are priced less than their long-term average.

[patientrenter]

I agree that buying things that have tripled in price in recent times isn’t a wise long-term strategy. Might work a few times, and won’t work others. Could be very painful overall. Look first for assets that are priced less than their long-term average.

[4plexowner]

if you had been paying attention to my posts back in 2004 you would have bought gold for under $500 and silver for less than $5 (currently $887 and $12.50)

“Look first for assets that are priced less than their long-term average”

please enlighten us as to what these asset classes are (without mentioning equities) or give us an example

“buying things that have tripled in price in recent times isn’t a wise long-term strategy”

that’s a very simplistic guideline – no mention of fundamental analysis – so oil tripling from $10 to $30 makes it a less-than-wise investment? – oil subsequently went to $147

[4plexowner]

if you had been paying attention to my posts back in 2004 you would have bought gold for under $500 and silver for less than $5 (currently $887 and $12.50)

“Look first for assets that are priced less than their long-term average”

please enlighten us as to what these asset classes are (without mentioning equities) or give us an example

“buying things that have tripled in price in recent times isn’t a wise long-term strategy”

that’s a very simplistic guideline – no mention of fundamental analysis – so oil tripling from $10 to $30 makes it a less-than-wise investment? – oil subsequently went to $147

[4plexowner]

if you had been paying attention to my posts back in 2004 you would have bought gold for under $500 and silver for less than $5 (currently $887 and $12.50)

“Look first for assets that are priced less than their long-term average”

please enlighten us as to what these asset classes are (without mentioning equities) or give us an example

“buying things that have tripled in price in recent times isn’t a wise long-term strategy”

that’s a very simplistic guideline – no mention of fundamental analysis – so oil tripling from $10 to $30 makes it a less-than-wise investment? – oil subsequently went to $147

[4plexowner]

if you had been paying attention to my posts back in 2004 you would have bought gold for under $500 and silver for less than $5 (currently $887 and $12.50)

“Look first for assets that are priced less than their long-term average”

please enlighten us as to what these asset classes are (without mentioning equities) or give us an example

“buying things that have tripled in price in recent times isn’t a wise long-term strategy”

that’s a very simplistic guideline – no mention of fundamental analysis – so oil tripling from $10 to $30 makes it a less-than-wise investment? – oil subsequently went to $147

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