It’s pretty sad when the currency beating you is the Japanese Yen, whose national debt is even more crushing than ours and whose country peaked in the late 1980s and is now a once-prosperous old age colony.
Two-Ply Buck
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.
Why Gold?
If the decades old bubble in paper assets is ending, that’s why gold!
Various promotions along the way of the Continuum have distilled the case for gold down to handy buzz phrases like “got Gold?” as if it were a carton of milk. Other promotions have presented gold as the go-to asset through all types of macro phases, from “fiat is gonna blow up any day now” to “inflation is gonna eat your future” to “a deflationary Armageddon is on the way”.
Yet all along the Continuum, policymakers papered it over, inflated the mess at every crisis as long as the Continuum allowed.*
(more…)True Gold Value
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.
Miner Success
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.
Your Majesty!
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.
