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.
A few days ago, I happened to come across an article which stated that a Congressman from Oklahoma by the name of Kevin Hern, just happened to work on the Congressional Health Subcommittee and just happened to dump his entire state of United Healthcare (UNH) which amounted to hundreds of thousands of dollars. Here’s a photo of him; looks like an innocent enough chap, right?
Well, I couldn’t take it anymore. I decided to sell a bunch of my silver bullion for lots of pieces of green paper. There’s only so long I can watch an asset value blow into the stratosphere before I can take money off the table. That was today.
Don’t get me wrong. I’ve got lots of gold, platinum, and SOME silver, just not as much as before. I was kind of teetering as to whether I should pull the trigger (less metaphorically, get into my car with a bunch of metal, drive to my dealer, and sell it to him), but what clinched it for me was when I called my bullion dealer for a price quote. He had to put me on HOLD.
See, I’ve been calling this guy off and on for decades, and that’s never happened. His shop is usually quiet as a library. Today it was unchecked pandemonium. Maybe silver will be $500 an ounce tomorrow, but honestly, this is nuts. It’s time for a serious breather.
(more…)Today was a good, profitable day for me, and it feels extra-squishy-good since the market was strong overall (thus, I defied the beast). Below are seven key charts and a few words on each one.
