I was the cause of some annoyance with the family in the wee hours of the morning. Ding ding ding. Dong dong dong. My Telegram kept alerting me, which is unusual. The source of the bother, however, was welcome news:
A Ding I Appreciate
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.
You Darned Kids!
The subreddit known as Wall Street Bets is well-known as the haven for inexperienced young “traders” who are always on the prowl for the next easy, surefire way to make some quick money. As one might guess – – since we live in a rational world in which gamblers are swiftly parted with their money – – the vast majority of them bleed their accounts out in short order.
With all the self-inflicted financial suffering that takes place, naturally there is a strong desire for commiseration, and the community is happy to oblige. The site is littered with “loss porn” from fellow users, which are often the most popular posts, and their equity curves usually look a little something like this:
Political Discourse
I wanted to – – yet again – – address the issue of the comments section.
It has been well-established that the Slope of Hope is a website dedicated to providing tools to help traders make better decisions. These tools are principally centered around my lifelong passion of reading charts.
When I began this site in 2005, it was merely a blog, and the first custom code I had created for the site was for comments beneath blog posts. Millions of comments later, the 24/7 discussion that goes on has become a staple of the site where friendships have been made, knowledge has been imparted, and even celebrations arranged.
It should not be a place for digital fistfights, personal attacks, or an outlet for lonely men wanting to push their agenda – – or push others around – – just because they have nothing better to do. It poisons the site, and I have found trying to tame the tiny handful of people stinking up the joint to be tiresome. Indeed, at this very moment, I am typing these words from the balcony of my residence in Jackson instead of relaxing.
(more…)ETF Reflections: Metals
Preface to all ETF Posts: I am composing this on Thursday afternoon, so the charts will be up-to-date as of then. I wanted to make some general comments about specific ETF groupings, principally to give me a little time to not have to worry about creating new content for you good people in the near-term.
I’ve confessed that I treat gold like an ex-girlfriend after an ugly breakup. My view is poisoned. All the same, I stand by my chart. I think we’ve started to reverse, and I’ve got a bunch of puts on GLD.
The Well Runs Dry
