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.
In my book Panic, Prosperity, and Progress, I dedicated a chapter to the famous Hunt brothers silver squeeze of 1979. I won’t recount it here (buy the book instead!) but suffice it to say that their attempt to corner the market pushed silver from about $6.40 to over $40 in the span of a year. In the end, their attempt would fail, and it would bankrupt one of the richest men in the world.
This evening, palladium briefly sold off hard, then just as suddenly, it rocketed higher. As of this moment, it’s up almost $100 per ounce and over 5%, extending what has been a sensational run in my best chart call of the year.
On Sunday morning, I walked into Coffeebar Menlo Park (home of the $9 to-go coffee), Mishka in hand. I saw that my local precious metals dealer was at his usual place, as he always is on Sunday morning. I walked over to him and congratulated him on a wonderful 2025, and he said, “It’s been good for me, and it’s been great for my clients. But………what’s going to happen next?”
He isn’t the first metals dealer who expressed this sentiment to me. It’s sort of like if you were a person who predicted a terrorist attack on the twin towers for years, and after it finally happened in 2001, you could pat yourself on the back for being correct in your prediction. But – – there’s more to life than just nailing a prediction, right? What does it really mean? What’s next?
(more…)I have been enthusiastic about precious metals for years. There are a couple of reasons why I was able to defy my own instincts to just short everything in sight and make a special exception for precious metals:
I just randomly jumped back a couple of years to offer up a tidbit of evidence that I loved precious before loving precious was cool, and I found one not very subtly titled Go Go Gold in which I state how bullish GDX and GDXJ look. They’re up about 250% since then. Not bad!
(more…)Palladium, a long-time favorite here on Slope, is higher by over $70 this morning. This has basically become the train I told everyone to get aboard while I stood on the platform waving them good-bye. Sheesh. Anyway, I’m glad the chart was so spot-on.
