Jack Ma is 2 out of 2 in nailing the exact top of the market. Maybe once BABA plunges again, he will repeat his past success by, once more, buying up all the stock cheaply and taking it public for a third time in about a decade.
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.
Well, the headlines are rightfully bearish for gold, silver and the major precious metals stock indexes, ETFs and senior gold miners. The technical damage is real. Today’s burst could be and probably is just short covering. [edit; post was mostly written before the end of day flop]
But improbably enough, there is a stealth uptrend going on in certain royalties, miners, developers and explorers. Believe me, if you could hear me talk instead of write you would not hear anything resembling desperation in my tone. That is because I have worked hard during this bear market to manage risk, stay strong and out of the bear’s way. So I am not talking any sort of a book here other than my biggest picture view (an economic contraction environment that ultimately benefits the counter cyclical gold sector), which could still be out on the horizon. (more…)
What a terrific day! And, on days like this, when I suspect readers of my blog are making money left and right, I whip out the beggar’s bowl and ask you to show your appreciation for my hard work (Slope Plus folks have already done so, of course, by way of their subscription – – and you can join them, remember, with coupon code trickortreat and get a free month to try the service).
In any case, if you’d like to make a donation to the blog, now is your golden opportunity. This is pretty much my full-time job (for better or worse), and I’ll just push aside your local NPR station for a moment and tug on the same guilty strings that they do. Congratulations to Slopers for a great day, and I look forward to an awesome month of October. If you use Paypal, you can donate by clicking here. If you don’t have Paypal but still have the urge to donate – – donate $0 by trying out Slope Plus for a month!
I mentioned the social media ETF (symbol SOCL) being a good short based on its Fibonacci retracement. Yep. See, this chart stuff actually does work from time to time.