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.
Gauging the right time to enter a trade is always a key concern.
With the metals markets, I portend the right time is now [or very near].
As one way to illustrate Timing, here are two snapshots from Friday’s Think or Swim chart of /GC. The first chart is a 1-hour timeframe, the second is a 5-minute timeframe.
One of the first things we learned about the fire truck was how to prime the pump. If the pump wasn’t primed, there would be no pressure, and thus, no delivery of water from tank, thru hose, to fire.
The experience was many years ago, as a volunteer firefighter living in a tiny rural town.
The firehouse, if one could call it that, was located in the alley right behind my house, and was a shed of a plywood building that was maybe – maybe – twenty inches wider than the truck. These days, fire trucks are easy-handlers. Not then. This truck had no automatic or power anything and was hard.to.handle. Because I lived so close to the truck [and got to it quickly/first], I was the driver on many calls.
As we are now in the early stage of a fundamentally-driven gold uptrend, we’re speaking here, not of gold mining companies that actually own and operate mines, but those companies that provide capital to gold mining operations.
Streaming and Royalty companies provide cash up front to develop a mine, and in exchange, once the mine is active they get to buy a certain amount of gold and silver at far below market prices, or get a percentage of the output.
Companies in the royalty/streaming arena are considered lower risk as they have no direct exposure to the operating risk that mining companies generally face.
(more…)Beloved Boeing is said to be too big to fail. For many, many years the stock has blessed its shareholders with rising prices. Recent events and the following charts tell the tale of a now beleaguered Boeing.
Boeing’s outgoing CEO gets $62 million; it’s more than that when Muilenburg’s stock options and money accumulated in his pension and deferred compensation account are added.
The company faces $5.4 million in FAA fines for using faulty parts, their biggest supplier plans to layoff 20% of its work force because of halted production on the 737Max, and the company has earmarked $6.1 billion to pay in compensation over the 737 crashes.
(more…)Any Slopers up for Show-n-Tell?
Nothing to do with the markets, this is an escape from same, a tour of a current project of mine.
There is satisfaction for me in cleaning and fixing, to use again, stuff I’ve collected . Especially making something unique. It’s why I liked redoing old houses: I did it my way. That was the satisfaction. Having my fun with the job.
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