Submitted via Portfolio Armor:
(more…)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.
The Mark of Zorro
The symbol ZSL is a double-inverse fund based on silver. It’s fascinating to see how the volume on this went absolutely ape this week.
He’s Lost His Mind
After the FNGD incident yesterday, I’ve decided to go full-on loopy and defy precious metals. Here is what /GC has been up to. I draw your attention to that shooting star.
Silver Hunt (Part 1 of 3)
Preface: due to the intense interest in silver these days, I have decided to share a chapter from my Panic Prosperity and Progress book which focuses on the Hunt Brothers and their attempt to corner the silver market in the late 1970s. I hope you enjoy it.
Precious Metals and the Destruction of a Billionaire
The stunning bull market in precious metals in the late 1970s, followed by its swift collapse, has a fascinating and remarkable history. The roots of the event date back to the dark days of the Great Depression, when President Roosevelt issued Executive Order 6102 which outlawed the “hoarding” (that is, the ownership in almost any form) of gold by any person or other entity within the United States.
Prior to this order, gold was intricately intertwined in the nation’s currency. U.S. dollars were convertible into gold on demand, and this convertibility had helped constrict the velocity of money severely. Roosevelt recognized that inflating the money supply was essential to turning the economy around, so he took the extraordinary step of criminalizing private ownership of gold as one of the steps to decouple the precious metal from the nation’s currency.
(more…)Earnings Digestion
Now that some of the dust has settled, we can take a look at earnings reactions. For instance, yesterday STX was down hard, but after the conference call, it blasted way higher, so it’s good to sit back and wait until after the call is over.
Anyway, MSFT is certainly preserving its plunge.
