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.

The Great Unwind

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So, let’s do a little Contrarianism 101, shall we: if you invested $53,000 into something super-high-risk………..and it goes to $50 million…………and then, in the span of a week, you go from a relative unknown to a person who is literally on the front page of the New York Times business section and whom Saturday Night Live is featuring in parodies………….you should have already gotten out.

Anyway, /deepfuckingvalue is going to be just fine, I’m sure, but I seriously doubt the cultish hoard aping his behavior (about a year too late) is going to make out quite the same………..

gmeclose
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Bid/Ask Blowout

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When I heard all the chatter about a “silver squeeze”, I augmented my bullion collection with more bars like the ones shown below. What’s kind of nice is that Friday’s price is what they use, chatter or no chatter. The spread between the “buy” and “sell” price was about 4% yesterday when I bought the bars. The very next day, from the very same place, the spread is 15%. But it doesn’t matter anyway, because they have absolutely no inventory.

fifteenper

Silver Surfer

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All weekend long was the chatter about how this would be THE MOST ANTICIPATED OPENING OF ALL TIME, and how the reddit “revolution” had changed everything forever. Errr, listen, folks, I suspect in about three weeks hardly anyone will be talking about this revolution anymore. The WHOOSH sound you are hearing is the options premium rushing out of GME calls and puts, and you can expect to hear that sound all week long. All this talk about GME going to $1,000 is hysterically stupid.

Still, I’m kinda pissed off that the plunge lower on Sunday was, surprise, surprise, utterly underline. The Russell is representative of this:

rtybounce
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