And then, chaos ensued.

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.
Sorry to obsess over crypto, but let’s face it, an asset popping double-digit percentages two days in a row is more interesting than examining, let’s say, the bonds /ZB which are down 0.22%. But let’s look at it from different angle.
Here’s gold, which rode the coattails of crypto a few days, but seems to have rammed its head against resistance. I think it’s done for now.

If you ever doubt the power of Big Round Numbers, the recent rally should set you right. I’ve said it so many times in the past – – – humans are crazy about these psychological barriers, and with Bitcoin, I knew once that $20,000 was pushed out of the way, there would be an absolute scramble on board. Thus, we get more than a 20% gain in a matter of hours:
