Greetings from my family room couch, where I am lying on my back, laptop propped up, typing away with a snoozing Kobe at my side. I’m quite weary, so I figured I’m do this post horizontally. See, I woke myself up at 2:45 this morning. I had no idea what on earth I was doing becoming conscious at that hour, but as is my habit, I grabbed my iPad, glanced at Kitco, and checked out gold. My stomach went into a knot when I saw it was down about $25. (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.
Way back on May 6th, I suggested a – gasp – long position on Wendy’s. It’s been a terrific performer, up 40% since my idea was posted. Those lucky enough to continue holding might consider tightening their stop up to $8.26, which is just beneath the gap that was created with today’s push higher. (more…)
I’ve been trying to shake off my “why did I buy gold” blues all morning long. I’m in the green right now, thanks to my 80 shorts, but my two stupid longs (GDX and GLD) created losses that substantially diminished what would have otherwise been a terrific morning thus far. Why on earth did Mr. Permabear actually BUY something? It’s infuriating. (more…)