Search Results for: dollar tree

Will Chart for Booze

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In Mountain View, just off the Shoreline exit and the Google campus, is a dive bar called the Sports Page. Now if you know anything about me, you understand that, first, I have absolutely no interest in sports, and second, I’m not the kind of hang out in dive bars. However, it just so happens that Sports Page is across the street from the Tesla Supercharger, so I like to hang out a bit in the bar with my crappy Dell laptop while my Model S is charging. A Blue Moon and some charts is a nice way to pass the time.

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Gold is the Sun, and an Anchor

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The ‘Gold as Inflation Hedge’ Canard

On the one hand you have the sons of Harvey & Erb, who called gold to $800/oz. and caused a stir in the gold “community”. Per Campbell Harvey in this video with Kitco’s Daniella (dig the flowing golden locks of hair)…

“Gold is just too volatile” to be an effective inflation hedge.

Well yes sir, you are right. Gold does not track inflation in any kind of a convenient time frame. Gold’s volatility is a reflection of the volatility of the assets orbiting around it in the constellation of risk. (more…)

Two-Way Timmay

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Well, I couldn’t be more pleased with the markets this morning. As I made abundantly clear on Friday, and through the weekend, I had greatly lightened up on shorts and went long (in a big way) select ETFs to take advantage of a bounce. Well, the bounce is on, with the ES up about 30 and the NQ up about 70 as I am typing this.

Looking at ZH over the weekend, they kept pouring out stories about how the collapse would simply continue. But we know better – – Gartman is firmly on our side, as of Friday morning, and that’s all we really need. (more…)