If you have wanted to try Slope PLUS out but were waiting for a coupon, it’s your lucky day (and I’ve just put up what I think is an interesting post about market targets today). I do not issue coupons frequently. In fact, if you look at how often I’ve issued coupons for PLUS, you can see the trend is pretty clear:
2013 – 8 times
2014 – 6 times
2015 – 3 times
2016 – 2 times
2017 – 1 times
In case you are not familiar with the benefits of a PLUS membership (besides just being a good sport and supporting my hard work for the past dozen years), they are listed here. PLUS subscribers also get a variety of exclusive privileges with SlopeCharts, and that list is going to be getting much longer now that I’ve got a full-time person working on it. (more…)
Please don’t listen to the “gold smack down” cry babies, always making rationalizations or excuses, I beg of you. Don’t listen to the “gold is nothing but a stupid rock they dig out of the ground” neo hipster wise guys either. Gold just is, and the gold bug “community” makes way more of it than that, taking it to the realm of the mystical or worse, religious (as in a war of good vs. evil).
The wise guys wish gold did not exist (but it is) because it gets in the way of so many paper and digital advances and innovations (or shenanigans), not to mention boundless egghead theories about a new era of finance. Get this wise guys; we are still, each of us, bags of bones, blood and guts in some cases with high functioning brains that tend to forget that fact. We are emotional beings; humans. Gold has provided stability to emotions in the financial realm for centuries.
Back on September 15th, I offered up a “dead cat bounce” long idea in the form of battered company Equifax. I wrote, “My opinion is that the company has really screwed the pooch on this one, but maybe, just maybe, it’ll find some temporary support around $90 or so, as I’ve drawn here:” So far, that seems to be the case, up about 20% in just a few weeks:
That which hath been is now; and that which is to be hath already been; and God requireth that which is past. – Ecclesiastes 3:15
I was mulling over for something to write about, and my eyes landed on the spine of the book The Fourth Turning, which is included in Slope’s Recommended Reading list. As I started thumbing through the book (already copiously highlighted by me), I wondered if I had already written on Slope about it. It turns out, yep, I did so twice – – first in August 2012, and second a couple of years after that. Hey, with over 20,000 posts on Slope, I’m entitled to forget.
If you’re interested in the book, I’d suggest checking out those two prior posts, but I’ll just say in brief that the book (written in 1997) contends that a “millennial crisis” will start in 2005, plus or minus a few years, and will last about twenty-five years from then. I daresay the authors would now agree that the 9/11 attacks constitute the “event” kicking off this fourth wave. As I’ve mentioned, the moment I saw the second plane hit, the first words out of my mouth to my wife were, “This changes everything.” Now, sixteen years later, I’d say that was true. (more…)