I Smell Gas
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.
Crude’s Continuance
Crude oil reached its price peak nine three months ago (unlike, oh, let’s just say, stocks) and have been pounding down steadily ever since. Looking at USO, you can see how picture-perfect the price gap has been, since, twice, the prices fought back to fill the gap but failed to do so, only to continue lower.
Call the COPs!
Energy Bears Rocking
Pretty much the last bastion of bearish success continues to be in the world of energy. These still look terrific for the weeks and even months to come:
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Olive Oil
My ceaselessly mentioned bearish ideas on energy, even short-term (like this morning) continue to do well. I see Exxon is pathetically (and, in a perfect world, criminally) screaming about how they’re going to buy back tens of billions in their own stock, which is the ultimate form of self-dealing scheming. It isn’t helping. The energy market is recognizing how dead the economy is going to be next year.
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