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.
It's enough to make one want to give up. Nothing – – – not riots, not joblessness, not foreclosures – – – seems able to fight the Treasury's commitment to asset inflation. As we pause here to consider the S&P has doubled in value since twenty-two long months ago and, for the first time since September 2, 2008, has penetrated the 1300 line, we wipe away a tear and think of what might have been.
I've been beating the Short GDX drum for a while (with occasional instances of saying Buy GDX, like two afternoons ago). Yesterday afternoon I switched horses again and jumped back on Ol' Shortie. My intent to do so was met with some good-natured rotten tomatoes.
I think $48 is a reasonable target. GLD and SLV are at kind of a decent base for the immediate moment, but the potential for about $7.50 more in losses for GDX is still there.