I don’t think the person composing this headline meant it in quite the way it reads.
Yikes.
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.
Frenemy Wipeout
Most of you know of my complex relationship with palladium. On the one hand, it was my best call of the year. On the other hand, I sold it WAY too early, just when it was about to explode higher. I have absolutely agonized about this over the past month, and over the weekend I put a little note on my Excel spreadsheet where I track all my positions, both past and present, and put in the sophisticated remark “Fucking RETARD” right next to it, just to make my feelings about myself quite clear.
Mercifully, /PA is in an absolutely free-fall right now, plummeting $333 and almost 17%. I have removed my aforementioned self-assessment, and I’ll wait until this is at a clearly good buy price again. Don’t get me wrong, though. I’m still an idiot.
Across-the-Board Reversal
When I did my post on Sunday afternoon, I noted how silver absolutely roared out of the gate but that gold looked “wobbly”, suggesting the precious metals rally continuation was pretty long in the tooth. Only minutes after doing that post, metals peaked and reversed, and as I’m typing this at 4:30 in the morning, they’re getting zapped hard. Silver is shown below, which has crumbled all night.
