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, Silver & the Macro

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Those micro managing the precious metals are fixating on the Symmetrical Triangle (bearish continuation) and a coming ‘Death Cross’ of the MA 50 below the MA 200.

The Sym-Tri has been apparent for about three weeks and the Death Cross is hype put forth by those who would make grand TA statements. The Death Cross means next to nothing. I mean, how much good did the Golden Cross that the “community” was pumping in March end up doing?

gold (more…)

More Unreal Estate

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I have personally benefited in two direct ways from the insane multi-trillion dollar credit-creation that we’ve seen happen over the past half decade: one, a private investment I made in a startup has been blossoming very nicely, and two, the house in which I live is worth nine times what I paid for it. It’s this latter phenomenon I wanted to touch on this holiday, since it’s quiet, and Slopers outside the Silicon Valley might find perverse comfort in the relative bargains of their neighborhood.

Below is a simple chart showing the median sales price of Palo Alto houses and – helpfully – the percentage of the list price received. It’s a pretty interesting litte chart. At first, it gently descends, as the Valley dipped from the Internet bubble bursting. Next, it began a steady ascent, as interest rates plunged (thanks to Greenspan) and the housing bubble went into full swing. The financial crisis took the froth out (although Palo Alto didn’t suffer the 50%+ drops of less attractive areas, like Stockton) and, most recent, we have soared into unchartered territory, both in terms of median sales price and price received (as you can see, the price being paid is actually averaging 11.6% above the already lofty asking price). (more…)