when will oil and gold decouple?

[Jim Nickerson]

Re: when will oil and gold decouple?

You're welcome.




You might be totally right about peak oil. I just don't have time to read really really long posts. Even EJ's I'll usually set aside, sometimes for a day or two, until I have few free minutes.

BTW, I'm not seriously suggesting you cut and paste. (You don't, do you?) I just don't see how you have time to write so much.

Based on his previous admission, he does something with iTulip when he was "working." Hopefully no one is guilty of such dishonest behavior of taking payment for doing a job when one is not actually doing the job for which one is taking the payment--but that is just the opinion of a contrary old fart.

[Guest]

Re: when will oil and gold decouple?

Based on his previous admission, he does something with iTulip when he was "working." Hopefully no one is guilty of such dishonest behavior of taking payment for doing a job when one is not actually doing the job for which one is taking the payment--but that is just the opinion of a contrary old fart.

Jim - I feel your pain at the thought of my defrauding my employer of the past twelve years. I'm supposed to receive four weeks paid vacation a year. I haven't taken a week off since my father died, four years ago and I took a trip to Italy for the funeral. I put in 55 hours a week and have never claimed a dollar of overtime in ten years. At Christmas when everyone disappears to go to Zermatt or to Vail in Colorado, I'm the one making sure our year end accounts are closed and every last bit of business is squared away. Why? Because I love my job, and my employers in Europe after all this time are like family to me.

Your "scathing indictment" has all the effervescence and sparkle of a can of coke that sat out in the sun gathering flies for a week. I look forward to my retirement. Unlike you however, I have an entire new career mapped out to fill that time - one I've been waiting patiently for 20 years to fulfill. When I get to that part, it will be the most active and challenging part of my life. God forbid when I'm retired I should spend all my time squinting over my investments and poring over investment ideas on a website devoted to economics. Investments, and being on the right side of economic trends, are a means to and end for me, not an end in themselves.

[Jim Nickerson]

Re: when will oil and gold decouple?

Does anyone here fish? You know you bait the hook, drop the line and wait for some bottom feeder to tear into the bait. What fun fishing is.

[jk]

Re: when will oil and gold decouple?

lukester, take a vacation. it will do you good.

[GRG55]

Re: when will oil and gold decouple?

See the chart below. Looks like Swissies would be a safe play to me, based on GRG55's comment. Though there's no Yuan ETF, Lukester discusses possible ways to buy the currency here.

Swissie and Yen are my current favourites as they have been the main funding currencies for the "carry trade" aspect of the credit insanity now unwinding. If and when we see market corrections, or continued "risk aversion" (a phrase that could be in the running to replace "contained") these should do reasonably well (note: I didn't see Japan on the above chart).

For Jim: I am long both of these (and also Loonie & some Euro). I have also done a few short S&P/long Swissie & Yen pair trades using the S&P chart to pick entry and exit. More of an experiment, but it's worked so far (I don't have a good track record as a short term trader, so this is a bit out of character for me).

[jk]

Re: when will oil and gold decouple?

i hold 30% pm's, about 11% yen [fxy] and 8% swiss francs [fxf]. but when i see charts like this, from jesse's crossroad's cafe



i wonder why i bother with my so called "diversification."

[Rajiv]

Re: when will oil and gold decouple?

I don't think Lukester is the one at fault here.

[Guest]

Re: when will oil and gold decouple?

JK - Thanks for your kindly recommendation. I'm very glad to say I expect to take a "permanent" vacation in 4-5 more years, but it's not "retirement". The work will be so exhilarating to me as to be a "permanent vacation". Patience is a beautiful thing.

On another note, do you notice I've not ever made any "solicitous" recommendations on your behalf in the past? There is a fine line between solicitude and the merely rhetorical JK. You might stray into it, but I don't. Best leave that to Jim perhaps?

[Spartacus]

Re: when will oil and gold decouple?

I hope you're not admitting that you post to iTulip while fishing, Jim.

that would seriously compromise the quality of your fishing.

Does anyone here fish? You know you bait the hook, drop the line and wait for some bottom feeder to tear into the bait. What fun fishing is.

Hopefully no one is guilty of such dishonest behavior of taking fish for when one is not actually doing the activity for which one is taking the fish--but that is just the opinion of a contrary old fart.

; )

Actually, Jim to be techically correct about teh interwebs - if you posted to get a rise, that's not "fishing", it's "trolling"

http://redwing.hutman.net/%7Emreed/w...tm/troller.htm


but telling people off for posting from work makes you one of these

http://redwing.hutman.net/%7Emreed/w...eaglescout.htm


[*] "teh" is correct, when used with "interwebs"

[Jim Nickerson]

Re: when will oil and gold decouple?

I hope you're not admitting that you post to iTulip while fishing, Jim.

that would seriously compromise the quality of your fishing.



Hopefully no one is guilty of such dishonest behavior of taking fish for when one is not actually doing the activity for which one is taking the fish--but that is just the opinion of a contrary old fart.

; )

Actually, Jim to be techically correct about teh interwebs - if you posted to get a rise, that's not "fishing", it's "trolling"

http://redwing.hutman.net/%7Emreed/w...tm/troller.htm


but telling people off for posting from work makes you one of these

http://redwing.hutman.net/%7Emreed/w...eaglescout.htm
[*] "teh" is correct, when used with "interwebs"

Even not understanding all you wrote, Spartacus, it made me laugh. If I understood it, I might fall down laughing. Actually, I don't fish. Tried it for a few times right after I retired, but I caught a bottom-feeder catfish and the hook went through his/her eye. I made a real mess trying to get the hook out, then threw the poor critter back into the lake. Decided then I did not have the stomach for hurting fish, though I do eat a lot of salmon still.

Edit: I don't recall "telling anyone off." I simply repeated what I was previously admitted and expressed my opinion, but people are certainly free to draw their own conclusions.

[Spartacus]

Re: when will oil and gold decouple?

Edit: I don't recall "telling anyone off." I simply repeated what I was previously

sorry, my bad - I went and found and re-read your original post and you are correct, no telling-off. I was working from (faulty) memory.

sometimes I just type too fast for my own good.

[Jim Nickerson]

Re: when will oil and gold decouple?

sorry, my bad - I went and found and re-read your original post and you are correct, no telling-off. I was working from (faulty) memory.

sometimes I just type too fast for my own good.

You didn't piss me off, and I wasn't holding it against you. "my bad" I guess is a passing popular jargon that I can remember saying once when I was either a jr. or sr. in high school and screwed up a pass to a team mate in a basketball game. It passed away to my abilities to discern for many years, but has emerged in today's poplular lingo. Personally, I find "my bad" to be tacky, but that is just this contrary old fart's opinion.

Incidentally, Spartacus, "trolling" is "fishing" where I grew up, that is if "fishing" means trying to catch fish.

[BlackVoid]

Re: when will oil and gold decouple?

Why do you think gold would plummet in a global market crash?

Because a lot of investors will sell everything to get liquidity.

[raja]

Re: when will oil and gold decouple?

Because a lot of investors will sell everything to get liquidity.

That's what apparently happened during the mini crash last February, but since then gold seems to have decoupled from the stock market.

I think there would be two forces at work: 1) investors seeking liquidity and 2) investors seeking a secure place to put their money. My bet is the latter will be much stronger, since many investors are now aware of the dangers and have adjusted their liquidity needs.

[jk]

Re: when will oil and gold decouple?

JK - Thanks for your kindly recommendation. I'm very glad to say I expect to take a "permanent" vacation in 4-5 more years, but it's not "retirement". The work will be so exhilarating to me as to be a "permanent vacation". Patience is a beautiful thing.

On another note, do you notice I've not ever made any "solicitous" recommendations on your behalf in the past? There is a fine line between solicitude and the merely rhetorical JK. You might stray into it, but I don't. Best leave that to Jim perhaps?

i realized after i posted that that it might be taken as snarky. it wasn't meant that way. i meant it straightforwardly. i just took a vacation myself over xmas week, and i recommend it.