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.

Goldfinger

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The rampant optimism surrounding gold is startling. I, personally, am terrified of the stuff, and I only trade it these days for quickie day trades (like my DZZ purchase early today, closed for a spiffy little profit later). But those are "Scoot 'n' Shoot" trades. I, for one, am not about to try to figure out when gold tops out.

All the same, the ink being spilled over how gold is so wonderful is a sight to behold:

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The fever around the metal is having obvious effects on GLD…….

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And, most interesting of all to me, it is garnering most of the mindshare too (with the exception of item #1; by the way, isn't that supposed to be spelled Bulltard?)

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Shorting the Storm

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So what have I been doing on this beautiful autumn morning as the market explodes higher? Weeping quietly in a corner? Cowering in fear?

Bah! No! I've been buying the same ultrashort instruments that I sold late last week. I love 'em at these prices! Here are a couple of examples:

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I could look back on this as my finest hour. My stops are in place. I'm in position. So there's really not else left to do except let the markets move as they will. Good luck to thee.