The last scheduled event this week is going to be the PCE an hour before the open, but next week is chock full of announcements.
NOTE: Sorry, Slopers, I need breathing room to catch up! Real content coming……later.
Big Week Ahead
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.
Silver/Gold Ratio is Oversold
Silver/Gold Ratio is Oversold, But There’s More To the Story
The Silver/Gold ratio is oversold, but silver is not “undervalued” relative to gold based merely on price
A common hue and cry from Team Silver Bug is that silver is extremely undervalued relative to its big brother in metallic monetary arms. It has to be, because its price is so cheap as measured in gold!
Not true. Silver’s price relative to gold is what the market and history – save for a few distinct upside explosions in silver and the Silver/Gold ratio – say it is. These dramatic upside events have largely been driven by macro considerations, not silver seeking out its true value before being pounded back down by some elaborate conspiracy.
(more…)Biotech Opportunities (by Xerxes)
In a world where everything is so overvalued (only relative to fundamentals like P/E ratios if you follow that sort of thing), what’s left to actually buy?
Well, I’ve always found that when in doubt, you can go back to wading through the OGs of meme stocks, i.e., biotech. There’s been a lot of action lately that, to those paying attention, there is a lot of short-term quick “opportunities”.
I put that in quotes because playing bio tech stocks can be very addictive if you aren’t following appropriate rules. These are essentially lottery plays, hence the title of this post. That is not to say that true opportunity doesn’t exist. But you need to keep a book level mentality when playing them because some may not work out at all. They are volatile and susceptible to sudden gap downs if/when some products may not get that FDA approval they were waiting on or some lawsuit comes out against their primary (or sometimes only) product.
(more…)Home, Sweat Home
Worst. Analog. Ever.
I’m quite fond of analogies. My brain is wired for them as well as metaphors, which is perhaps one of the reasons I enjoy writing so much. As for analogs in the financial markets, I’ve got an entire section on Slope dedicated to them, and although most analogs don’t tend to work out as hoped, they’re still a useful guide in the spirit of history rhyming.
Now, it’s common knowledge that Zerohedge has become a Goldman Sacks shill and a permabull, with their loudest and most permabullish writer being Market Ear. They have been pushing the 1997 analog lately, and they mentioned it again today.
