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.
There have been three trading days this week, and two of those days – Monday and Wednesday – each had a big disappointment. I’d like to talk about the important reason these disappointments are different.
The first one is AMD, which I was short. As of Friday’s close, there was absolutely nothing at all about this position that should have caused concern. Indeed, the stock fell nicely on Friday and seem ready to continue weakening on Monday.
Let’s just say that the world has decided shiny, nice-to-feel GOLD has become more appealing than sheets of paper with American bric-a-brac printed all over it.
Of the 43,000 posts I’ve done on Slope over the years, one of the strangest was one I did in August 2024 in which I suggested a great “long” position was to mosey on over to your local Costco and buy as many of their silver coins as they would allow. I even called it an “odd post” when I wrote it:
Gold’s strength isn’t a one day, one week, or one month thing. The king of precious metals has outperformed equities over every meaningful time horizon. If the media presented the stock market in real money terms (that is to say, gold) the interest in the stock market would be 10% of what it is today, because people would realize that stocks peaked in late 1999 and haven’t revisited those highs since!
