Well, I just couldn’t bear to end the day with a woe-is-me post, so I’m going to do one last one before I call it a day. Simply stated, I think gold has a good chance of closing its gap at about $1350 (it’s on a tear as I’m typing this, up nearly $40, even though a big portion of the EUR/USD post-Bernanke pop has faded). I put in a small short position on GLD on Wednesday, but I closed it out soon after at a tiny loss ($100 on a $30,000 position). I’m glad I did, since it’s obvious gold is heading higher. (more…)
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.
More of the Same
It’s enough to break anyone’s spirit.
Even after hours, the bears can’t catch a break. Bernanke was ostensibly going to make a speech about the history of the Federal Reserve. Instead, he used it as a forum to announce that QE would basically go on ad infinitum, so naturally all assets are spiking higher. (more…)
The Pointless Spasm
Well, the Fed minutes have come and gone, and no one knew what the hell to do about them. We closed today pretty much where we were yesterday morning! So they might as well have not happened, except for the poor souls who got stopped out of positions by the half-hour of insanity. (more…)
The Joy of SOX
Well, I imagine I’ll go mute once the Fed Minutes come out, since I’ll be quite occupied, so I’ll toss one more post out there before the maelstrom. (more…)
Ten Thousand Twits
Well, at long last, it’s here. I have 10,000 followers on Twitter. The top spot is still being held on to (but more tenuously now) by Justin Bieber, who has only about 4,100 times as many followers as I do. But how many interesting, actionable trading ideas has Bieber offered his followers? Yeah. That’s what I thought. (more…)
