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.
Gold Gets Hammered Again
Fellow Slopers,
In our post on Saturday, we looked at how a hedge on GLD from last quarter reacted as the gold ETF tanked on Friday. This post includes an updated look at that hedge as of intraday Monday, as well as a couple of current ways GLD investors could hedge on Monday. Incidentally, for those who missed Saturday’s post, I recommend reading the comments there by Sloper extraordinaire Market Sniper and Tim Knight. (more…)
This Is Where I Want to Buy Gold
Best day of the year by FAR for me today. I’ve got to run do some stuff. Suffice it to say, my long-term buy point on gold (~1250) is getting close. Congratulations to the bears today. Yellen and her fuzzy little face lost this one.
More Weak Economic Data – Commodities/Equities Decline
I’d have to say that continuing weak economic data had not been priced into either commodities or equities, as evidenced by today’s (Monday’s) drop, so far.
No doubt, any large players who were long Gold and other commodities will be forced to dump their equity holdings to cover losses. (more…)
