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.
Well here is an interesting one I just stumbled across. I took a look at the ratio chart of gold (continuous contract, long-term) divided by the M2 money supply. It suggests to me gold is in serious trouble. I know there are a lot of gold fanatics here. I share this chart only because – – well – – it’s a chart.
On Friday, I did this premium post in which I suggested shorting miners (specifically GDXJ) might be a good play. This was a beautiful gap-fill, and I’m out of the trade.
I went long GDX puts yesterday and sold them about half an hour ago for a nice profit. I wanted to point out that a very heavily traded miner, symbol AG, just broke its lifetime trendline and could be an intriguing long-term short. I give to you: First Majestic Silver Corporation.
I’ve got to say, I was wrong about crypto – – or, more specifically, wrong about Bitcoin and Ethereum. To be clear, I still think crypto is useless, but maybe we’ve found a very specific niche case where it excels: that is to say, a reliable safe haven for fixed assets (a digital gold, some have called it). There’s no arguing with the stellar performance of Bitcoin this year………..
The favored NFTRH plan is working out well as we planned the Q4 (2022) – Q1 (2023) rally back in November and as lumpy as it has been, it is intact to this day. Amid the fade in the inflation trades, our projected leadership (Tech and Semi, amid a disinflationary interim Goldilocks theme) is fully intact as well.
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