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.
The Night Is Dark And Full Of Terrors
That cheery catch phrase from the Red Witch in Game of Thrones came to mind when reading Tim’s post about the hammering GDX took on Tuesday (“The Gold-Plated Falling Knife“). On Wednesday, GDX’s biggest holding, Barrick Gold (ABX) got hammered, falling more than 8%. In this post, we’ll take a look at how a couple of hedges on ABX from early May reacted to ABX’s drop as of Wednesday’s close. (more…)
A couple of days ago, I did a post for my Slope+ readers about buying XLU calls. I paid 80 cents for the calls, and now, two days later, they are trading at $1.60. I did not expect a 100% gain on these so swiftly, but suffice it to say I’m enamored of interest-rate sensitive items. (more…)
It’s very easy to see patterns once they are far back in the rear view mirror. I observe the $XAU (gold and silver sector) with a combination of awe and gut-wrenching regret as it clearly was one of the largest, cleanest head and shoulders patterns of all time. Just breathtaking: (more…)
My target price for silver has been the Fibonacci retracement at $17.87. Well, we’re just about there. I would also point out that there is a huge amount of activity in this price zone (which I’ve tinted). Precious metals are a big pile of dog poo right now, but I think silver may consolidate around this price range for a while. (more…)
One long-standing weakness I am making some progress conquering this year is the willingness to take a position even when I think it’s “too late” (I will note that my abysmal failure to profit from the precious metals bear market is almost entirely due to this personality defect). One stock I shorted a week or two ago based on this is LivePerson, which has already been pummelled pretty badly, but as the saying goes – where there’s smoke, there’s fire. (more…)