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.

PALL Comes into Its Own

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About a year ago, Baby Bear told everyone here that instead of worrying about buying silver at the exactly “right” price, maybe just buy 10% of your intended position every day for a couple of weeks, be done with it, and forget about it. That was sage advice. The “set it and forget it” mentality has worked out well for precious metals bulls.

I’ve been trumpeting palladium (by way of PALL) back when it was about 25% cheaper. I have NOT taken the above advice, instead nibbling here and there on profits along the way. I’d have been much better off just holding the dang thing. But let’s set that aside and focus on palladium itself.

First off, here’s a long-term percentage change chart of silver (blue) versus palladium (black).

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FOMC Eve

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The last FOMC meeting is tomorrow (cue the music to “Eight is Enough”, if anyone can remember it) and the world can fully embrace one of the great Buy the Rumor/Sell the News events of the year. A pointless 25 basis point is on the way, which will be as potent a salve for the economy as wrecking exports for farmers and then handing the same farmers a huge bailout for their trouble. God Bless America.

Equities seem to have stalled out in recent days, as illustrated by the /NQ, which is so laughably bloated and overvalued as to merit astonishment a few years from now when folks look back at these prices.

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