Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

The Night Is Dark And Full Of Terrors

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The Night Is Dark And Full Of Terrors

That cheery catch phrase from the Red Witch in Game of Thrones came to mind when reading Tim’s post about the hammering GDX took on Tuesday (“The Gold-Plated Falling Knife“). On Wednesday, GDX’s biggest holding, Barrick Gold (ABX) got hammered, falling more than 8%. In this post, we’ll take a look at how a couple of hedges on ABX from early May reacted to ABX’s drop as of Wednesday’s close. (more…)

I See Dead People

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One long-standing weakness I am making some progress conquering this year is the willingness to take a position even when I think it’s “too late” (I will note that my abysmal failure to profit from the precious metals bear market is almost entirely due to this personality defect). One stock I shorted a week or two ago based on this is LivePerson, which has already been pummelled pretty badly, but as the saying goes – where there’s smoke, there’s fire. (more…)