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.
As we step toward a counter-cyclical macro, the fundamentals will finally improve for gold mining
From a June 19th interview I did with with Jordan Roy Byrne with respect to gold stocks, Energy and the proper macro fundamentals for the gold mining sector:
In my experience gold stocks will… they can paint ugly charts and then follow through on those ugly charts. But when a crash finally happens it’s almost poetic in that it’s like the final surrender of the inflationists. The ones who were packed in the sector for the wrong reasons because… ‘buy gold, buy silver, buy hogs, buy copper, buy oil’. No. You buy gold during weakness and when it would look forward to the new easing… of policy makers. The new dove regime or whatever. But it happens amid deflationary pressure.
Charter (CHTR) is one of those items I bought puts on this year, took a small profit, and forgot about it. What a shame, eh? This thing just can’t catch a bid. This sucker is down about 43%.
You want to see a very clean example of how much distortion the government has brought into the markets? This will hit you over the head like a two by four: let’s talk about lumber.
Below is a chart of the price of lumber in the mid-1980s. Sure, it looks volatile, but it isn’t. It hangs around $185, plus or minus about $15. In other words, even over a period of years, it goes up or down about 8%.(more…)