Preface to all four parts: I presently have 36 open short positions. Here are nine of them:
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.
Cycle Change?
Block Three
Metals Ups and Downs
This week, gold and silver continue to make sweeping historical moves. On one hand, the gold price broke through first $1850, then $1900 within two days. On the other hand, the silver price exceeded $20 on July 20th, then saw $21, $22, and $23 in the following days. Although the silver price doesn’t seem much more significant as compared to the gold price, silver actually increased faster. Therefore, silver is currently outperforming gold. So what caused this monumental change with gold and silver?
Precious metals such as gold and silver are “safe haven” assets. This is because these metals are precious, highly liquid, low-risk, and carry their own values. Since the production of precious metals is controlled, their supply is balanced, which helps retain their prices. However, COVID is one major factor that helped spike precious metals’ prices. In addition to gold and silver, platinum is up this week.
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