In the span of just a couple of days – April 12 and 15 – gold plunged tremendously, and in the TEN days it has had to repair the damage, it’s only managed to undo the drop from the 15th. The damage is severe and, in my opinion, simply part of a larger trend. (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 Inexplicable Fajita
First off, I’ve been following the events with respect to MIT and Boston last night and today; it is terribly tragic that an officer was gunned down by one of these two maniacs (who is dead now himself; at least we’ll save the expense of a trail). As of this writing, I think they’ve got the 2nd guy, or else they are very close to doing so. Hurrah for effective investigation and law enforcement! Hats off to all involved, and best wishes to all those in the Boston area who have been having to deal with this tension and aftershock.
On a much less interesting note………..I obviously took it right up the avocado on my CMG short and puts. The short loss was small, but the put loss, percentage wise, was obviously substantial. I’m not going to touch this thing again until it closes its gap. It’s a monster.
Shorting the IBM Gap
There is a gap in the price of IBM between March 20 and 21 which has been pretty much closed, and I’m shorting into that with at stop at 214.31
