In our post on Saturday, we looked at how a hedge on GLD from last quarter reacted as the gold ETF tanked on Friday. This post includes an updated look at that hedge as of intraday Monday, as well as a couple of current ways GLD investors could hedge on Monday. Incidentally, for those who missed Saturday’s post, I recommend reading the comments there by Sloper extraordinaire Market Sniper and Tim Knight. (more…)
Best day of the year by FAR for me today. I’ve got to run do some stuff. Suffice it to say, my long-term buy point on gold (~1250) is getting close. Congratulations to the bears today. Yellen and her fuzzy little face lost this one.
Forget charts. You need music. Turn the volume up. Play this. And listen to the voice of God, to expose the dark crime which has enveloped us all.
The Slope of Hope has a well-deserved reputation for being a kind and helpful community. That’s largely because of the cultural fabric each of us has woven into this place over the past eight+ years. I have been online since 1981, and I have a profoundly acute sense as to what constitutes a good online culture, so I daresay Slope is the last bastion of financial discussion that isn’t laced with vitriol within the components of the group. (more…)