It’s evident NVDA didn’t mean dick. If the stock had vaulted higher yesterday, we’d be at lifetime highs. Since the stock plunged yesterday………..we’re at lifetime highs. The /NQ was almost completed unfazed.
Thanks, Precious!
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.
Is That So Huang?
And there we have it. After a sharp drop in the value for the world’s largest company, the markets have totally healed yet again, with the screen entirely green this morning, celebrating NVDA shrugging off its quarterly report.
Gold Ratios to Cyclical Markets
Important gold ratios to markets that are more cyclical
When gold rises again vs. these markets the counter-cyclical economic view will generally be back on. Gold has far more utility (insurance, risk-off liquidity, relative value retention) during economically troubled times than cyclical assets like stocks and commodities.
Gold/SPX (U.S. stock market)
A sweet consolidation as the market angst of the spring has gone bye-bye. This is a lovely consolidation that was much needed as gold got over-pumped to the upside (and stocks to the downside) in April.
Gold Is Revolution
Gold is revolution against an expiring system that is still limping along
The expiring system (in progress for years, actual expiration date unknown) has limped along, through Fed (monetary) and government (fiscal) oversight, fabulously enriching the rich and impairing the middle and lower classes. The system has tilted the playing field heavily in favor of the ruling class. Yes, I am writing from within and about America.
It is beyond the scope of this article to go too far into the details, but money created out of nowhere (monetary) and spent into circulation (fiscal) must go somewhere. Where it goes is into assets and asset markets.
(more…)Another Crack at PALL
I used to talk about palladium constantly, but not so much lately. My supposition, which turned out to be the case, was that it was going to do some backing and filling after its massive run-up. I think the selling is done, though.
