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.
Good morning, everyone. That’s not something I would have typed yesterday, and given my experience twenty-hours ago, I was bracing myself for God-knows-what this morning. For the moment, at least, everything is down (ever, ever, so slightly) as we’ve been during a very slow burn all night long leading up to this massive OpEx day.
It seems to me the precious metals rally is getting pretty long in the tooth. Don’t get me wrong – – I’m a precious metals booster! – – but the steady series of higher highs and higher lows that has been transpiring for many months now is due for a “higher low” awfully soon.
It was another terrific week for precious metals, an asset whose strength I applaud. Here we see GLD escaped from its ascending price channel and seems to have slapped on its turbo boosters.
It is one of the most interesting aspects of precious metals investing/trading. This buy/sell for the wrong reasons phenomenon. Many years ago I came up with the graphic below to illustrate how advisers, analysts and their herds focus on the wrong reasons for being bullish on gold miners.
(more…)Besides Bay Area real estate, the other market whose ascent I can applaud is precious metals. I’m delighted to see gold blast above $2600 for the first time, nothing yet another lifetime high.
