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.

Waiting for 1350 on Gold

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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…)