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.

Ten-Figure Swings

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My virtual trading account here on Slope has become absolutely bananas. Over the past few months, I have built what started as a $100,000 account into a $5 billion account with utterly unrealistic trades, but it’s been a fun ride nonetheless. At this point, I can literally have a multi-billion dollar loss overnight. As shown in the equity chart below, I’ve lost over 50% of my entire account, which feels an awful lot like what my vastly smaller account is experiencing since Monday (AKA the great crash of 2021). I vow to you: this account shall rise again!

virtual
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Mush

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In this upside-down world of ours, the only asset class which reliably sucks is the one you’d least expect: precious metals. Seriously, if you took a time machine back to the year 2011, when gold was over $2,000 per ounce, and told them that the U.S. government was going to bring up another $10 trillion in debt…………whoever you told would sell everything they had to buy all the gold and silver they could afford. And yet, incredibly, that would be just about the only money-losing asset they could muster.

As I type this, gold is down over $30 per ounce. For the past thirteen months, gold has done nothing but fall.

slopechart GLD
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