The model gave a weak sell signal for gold this morning; I'll wait.
Gold hit a new record high yesterday - it's around $1,270 per troy ounce now. Central banks are buying. The public is buying via the ETFs.
My intermediate/long term target range is around $1,500 to $1,666 on this leg up, hence I think there is more upside. I'll do some selling beginning around $1,500, though.
A short post today as I overslept.
Word of the Day
"Effulgent" - adjective [$10] literary
Effulgent means radiant, shining brilliantly.
Sentence: A pile of effulgent gold coins is lovely to behold.
About Me
- Bunkerman
- I have a pioneer mentality. My wife & I live in the woods - neighbors aren't visible except slightly in winter. Our "bunker" - hehe, really a fine home & barn - has plenty of security. We have four dogs: Krypto (age 9, Kelpie), Ava (age 13, Rat Terrier), Sky (Kelpie, age 5) and Lucky Star (age 1, kelpie). I don't take crap from anyone anymore, having enough resources & gear stocked up to survive in any circumstance. I have three degrees from Harvard including a Ph. D. in a physical science, and an MS in Management from MIT. I worked as an investment banker for about 25 years, mainly in secured finance, at three major Wall Street firms and for the last 17 years with my partners at our own firm. I'm semi-retired now, managing some private corporations and business interests and doing my own trading & investing. This is not to boast, but to give you an idea I know a little about some subjects from experience. The photo is my 1943 M16 half-track which I am restoring. These armored vehicles were ubiquitous in the US Army in World War II and Korea. It's driveable.
14 comments:
Bunky you've titled to the lazy side in your old age...seniors do need their rest we understand...Sal is in three chatter rooms u know, just sayin.
nothing ever happens on a Wednesday to give me an idea anyway.
Bunkerman what is your opinion on Chris Christie, the new NJ governor....if you have time read up on him and let me know what you think...
ok, will look up some info on him.
Bunky...what do you think about the honorable U.S. Congressman Peter DeFazio from the great state of Oregon...thx in advance.
DeFazio is corrupt icon of the ruling classes; I gave $1,000 to his opponent's campaign.
OOOHHHHHHH....so you have business interests here in south alaska...I've been known to tip "the girls" from time to time...can you send me a free pass for the champagne room?
yup, I have a "club" in Oregon.
OK...it is????
Checking in from my iPad
Wow Bman........just read the right to setoff..........that'scary
'tip the girls'...........huh?............but you're a ponce...........cut the crap frosty
Hey ponce.......do u people consider Greg Louganis national hero?
Iowa State athletics...You can too!!!
WELLLLLLLLLLLLLLLLLLLLLLLL???
oh frosty, if I told you where it was, you'd just get into trouble.
It's for your own good.
:)
Post a Comment