Hats off to you precious metals fans, as gold continues to strengthen, suggesting that maybe the US dollar isn’t the stalwart store of value that one would have hoped.
Gold Flying Higher
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.
Sinewave Surrender
Early today, I threw in the towel on my IWM puts for one simple reason: I was concerned that, like the retail fund (XRT), it was going to break out of its long-standing sinewave pattern and fly higher.
Game Stonk Update
The stock is down about 90% from its meme-frenzy peak, and it doesn’t exactly look like it is positioned for success now, to put it kindly. It’s funny they actually made a major motion picture about this thing.
My Cousin Vinny
Just to dust off something from last August, I wrote about a red-hot stock, an electric car maker from Vietnam, whose valuation I described thus:
VinFast, has raced up in value to nearly $200 billion. Let me put that fact another way: (1) take the value of General Motors (2) Take the value of Ford (3) Combine them (4) DOUBLE that figure (5) That’s LESS THAN the value of VinFast, which is a new electric car maker from Vietnam. Feeling woozy yet?
It was market manipulation, pure and simple, although it got the world chattering around this Hanoi-based maker of poorly-reviewed vehicles. The stock is down about 95%, which suggests it has about 5% to go.
When Money Printers Lose
You know there’s rot under the surface when even those who can conjure up trillions out of thin air can’t even make a profit.
