Nonstop rain and flooding this winter (easily predicted by constant coverage of how California was going to be in a century-long-drought at that you-know-who blog) created big delays in airport travel last night, meaning that my pickup of family members at the airport didn’t happen until, oh, three in the morning. Having gone to bed at 4:30 a.m., I’m bright-eyed and bushy-tailed on this pitch-black morning.
Anyway, gold (which I am bearish by way of a DUST position) is down nearly ten bucks as of this writing. Breaking that blue trendline would be a very good thing.
Since its President’s Day, I think I’ll write about something Presidential. And this quote from our patron saint George Carlin is absolutely crucial to the piece:
“When you’re born you get a ticket to the freak show. When you’re born in America, you get a front row seat.”
See, I want it crystal clear at the outset that there is nothing political about what I’ve got to say. Our nation is deeply divided along political lines – – the worst I’ve ever seen – – and I can write or tweet about just about anything under the sun without repercussion, but the moment I so much as mention the word “Trump” without words of gushing adulation next to it, some Duck Dynasty-watching mental midget flips out.
Preface for each of these parts: Some recent success with short sales, even in the face of lifetime index highs on a virtually daily basis, have emboldened me during this long weekend to offer up my entire collection of existing short positions. As always, Slope Plus subscribers get exclusive access to half of these posts, and the rest are available to everyone. Enjoy the long weekend, and I hope some of these charts appeal to your desire to sell ’em short: