Good morning, everyone (well, unless you live in Austin or Dallas where the wind chill is ten below zero and there is no electricity to power your computer). I hope you had a relaxing and/or productive three-day weekend. I was eager to get back to Slope. Indeed, I got so antsy that I finished all my personal and corporate taxes in advance. My idea of a good time.
Just to get it out of the way, BTC finally did what would have seemed unfathomable just a few months ago, which is push past the $50,000 mark.
As I’ve mentioned, my initial foray into crypto was met with success, but for now I have Exited Stage Left with my profits and am waiting for a potential softening (perhaps even a meaningful one) before re-entry.
Those of you who read ZeroHedge know that at the top of their site are three articles from contributors. It was striking to me this weekend that all three – every single article!! – was about the Huge Short Squeeze in Silver that was going to take place. Well, top-tick Tyler did it again.
Naturally, gold (motto: “The Only Losing Asset Since August 2020“)
Equities, of course, keep marching forward. Here is the NASDAQ so far this month.
As we approach the market open, though, it is starting to look somewhat wobbly!
As for myself, my only position is nine lovingly-chosen, long-dated, ITM puts. I’m not the bear I used to be, but I’m still a participant in the .001% prospect of people getting some sense during my lifetime.
Hats off to those who have been tinkering with the new discussion forum. It’s just an experiment for now, as I said, but once we commit to it for real, I will devote myself to polishing it with my usual ceaseless obsession.
