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.
Like many of you, I grew up during the Cold War. For my entire childhood, the U.S. and U.S.S.R. were the bitterest enemies, and there was always a lurking fear that someone would press “the button” (wherever it was) and bring all life on Earth to an end. It didn’t make for a great atmosphere, although in retrospect it at least helped most politicians in our own country more-or-less get along with each other. Few things unite a people more than a common enemy.
Two days ago, I took keyboard in hand and penned, “The market’s inability to chain together even two back-to-back down days is truly irksome” in a premium post.
What’s a premium post? That’s something I offer to my Gold and Platinum folks – -the kinds of folks who will enjoy dinner with you and, on alternate occasions, pick up the check. You know the sort. {Hey, where’s gonnabesick? In the bathroom again! I guess I’ll pay as usual. We’ve got a sitter at home.}
Anyway.
Suffice it to say that my post Resistance Respect essentially said, “Steady, lads” in the face of bullish adversity, and the timing of my post was absolutely perfect. Name one time Cramer has done such a thing. Someone erect a statue.
Yesterday, I came THIS close (holding fingers very closely together) to buying PALL (the palladium ETF) only because I want to own this and figured that it was at least cheaper than it had been a couple of days prior. Luckily, the moment I glanced at the gold and silver charts, I dropped that notion, because it’s going to be a while before precious in general is cheap enough to be appealing. (Indeed, /PA was smacked down about 7% earlier this morning).
The mega-rally in precious metals is well known by everyone living outside of a cave. As fond as I am of precious metals, I’ve become quite annoyed at how unrelenting the rally has been, and as a card-carrying contrarian, whenever gold and silver are the talk of every ding-dong and nitwit on the tee-vee, I figure it’s probably game over for a while.
There have been three trading days this week, and two of those days – Monday and Wednesday – each had a big disappointment. I’d like to talk about the important reason these disappointments are different.
The first one is AMD, which I was short. As of Friday’s close, there was absolutely nothing at all about this position that should have caused concern. Indeed, the stock fell nicely on Friday and seem ready to continue weakening on Monday.
