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.

Post-Election Update

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Preface from Tim: David Pinsen wrote the item below. From what I can tell, there is nothing particularly partisan about it, although it obviously has dozens of political references. For the love of my personal savior, sweet baby Jesus, don’t get into another ridiculous political slam-fest. David has some things to say about symbols, so lay off the politics. Thank yew, thank yew.

PredictIt odds on the Presidential election, as of Tuesday night. 

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Bitcoin: One Reason Why

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MarketWatch used to pick up my posts on rare occasion but has not done so for a long time. Maybe they think I make fun of some of their articles or something. I don’t know what would give them that idea. I actually find MarketWatch useful in ironic and non-ironic ways.

But anyway, this morning an article tags along with the recent near-deafening Bitcoin noise…

6 reasons bitcoin is trading at its highest level since 2017 — and 1 warning

6 reasons are given for Bitcoin’s re-found popularity. They are the usual pap, including a Dollar/Gold rationalization.

“Bitcoin as a form of digital gold is also seeing its time in the sun as we see the floodgates open on monetary policy. Closing the sluice gate is more difficult than opening it,” Charles Hayter, founder and CEO of CryptoCompare, a company engaged in bitcoin data and analytics, told MarketWatch.

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Tesla S&P 500 Pop

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Tesla stock has finally been tapped for S&P 500 inclusion, and investors have been buying it up as a result. The shares got another boost today in the form of a major upgrade from analysts at Morgan Stanley, who have shifted to Overweight after keeping them below that for over three years.

Many investors bought Tesla stock because inclusion in the S&P 500 means numerous funds that track the index will be forced to buy it when it’s added. Tesla stock officially gets inclusion in the S&P 500 next month. Many thought it would be added in September at the last rebalancing, but the committee passed it over at the time.

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Central Banks Keep Buying Gold

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The world’s central banks have been buying gold for years, and that trend could drive the price up over $2,000 next year, according to some experts. The problem is the ever-growing pile of public debt, which could be exacerbated by inflation next year.

Noble Gold founder and CEO Collin Plume told ValueWalk in an email that central banks will have to bear to brunt of “government generosity” by covering the costs of the many stimulus packages that have subsidized workers and businesses that couldn’t function during the lockdowns. However, that money will still need to be paid back, which causes three major challenges for central banks.

“They are all struggling with these issues simultaneously, and so borrowing amongst each other is not an option” Plume said. “Unemployment and bankruptcies will mean less tax revenue coming in to balance the books, and inflationary pressures are almost inevitable given the colossal figures involved. All of these realities will likely push prices for everyday household items higher (along with interest rates as well) at a time when people can least afford them – leading to recessionary fears down the line.”

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A Perfect Ten

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Another big improvement folks!

First, a TOTALLY BANANAS OFFER for those of you who want to have a premium membership on the cheap. Since you can get Virtual Trading (and a bunch of other goodies) at the Bronze level, I am offering it here for 9.95/month – – and you get that rate for life. Click here to snag the deal.

On the Top Ten Traders page, there is a constantly-updated list of the most successful virtual traders, ranked in terms of their Total Equity. You can sort this table of ten based on any of the columns, but the default is Total Equity, which puts the most profitable trader at the top.

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