Another crypto equity getting zapped: in this case, Circle (CRCL) which is worth one-third its peak, even though it presently is more than double its low price.
Circle Jerked
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.
Mystery Announcement
There Is No ‘I’ in ‘TACO’
The Iran War and the US equity markets have reached an interesting stage and I am watching with great interest to see what happens next. I’ll be reviewing the setup on equities here mainly but first I’ll review where we seem to be on the Iran war.
I was saying in my last post on Thursday 12 March that Trump had a problem in this crisis in that if he wanted to TACO here, likely by declaring victory, withdrawing US forces and moving on to something else, then the problem was that this would necessarily require some kind of agreement with Iran, and Iran, under new, younger and much angrier management, was showing no interest in talking.
(more…)Gold Relief Rally?
I bought gold this morning for the first time in a very long time. It has had the stuffing beaten out of it, but owning GLD with a stop at 399 seems non-insane at these levels.
