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.
Well thank God for gold. My self-confidence as a trader had reached unprecedented depths, but in spite of that, I put my best idea forward into GDX puts. In just two days, I’m up 42% on them (and, keep in mind, I do NOT do aggressive positions). Gold’s breakdown is far from over, I think.
It is heartening, to be sure, to see a bit of weakness in the market in spite of the ceaseless interference of that despicable vermin queen Yellen. A couple of days of not-lifetime-highs is no cause for celebration, but dear God in heaven, at least the AI-crazed and BTFP-unhinged lunatics have taken a breather following Independence Day (now THERE is some irony). Thus, here in the wee hours of the morning as I type these words in the western wilds, the /ES has turned away from its June peak.
Hey, check out who’s at the bottom……….
My best success on Wednesday was puts on GDX (precious metals miners). My assumption on Monday was that GDX’s strength would fade. So far, so good.
