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.
I noticed the top-trending item in Twitter yesterday were the words “Poor Elon“. Today the top one is “Mike Lindell” which actually has nothing to do with the pillow guy but is essentially saying Elon is the new Mike Lindell. Suffice it to say that sentiment against the guy is pretty hard now. Which tells the contrarian in me that Tesla is probably ready to get some strength from these levels, with $700 being ferociously defended.
It’s 4:15 in the morning as I compose this, and even though there are some important economic reports coming out at 5:30 a.m. as well as a Powell speech at 11 a.m. (these are all PST), I wanted to get this post out there. The bullish base of the /ES has completed, because of this breakout:
As we all know, few assets have been as persistently disappointing as precious metals. They peaked well more than a decade ago, and even though on the surface it would seem this environment was tailor-made for a crazy bull market in gold………….nope. Oftentimes,, it’s the only asset that ISN’T rising.
For the immediate moment, it has managed to dust itself off and find a little strength:
Gold has disappointed me more times than – – than – – well, someone who disappoints me a lot. It’s a real heartbreaker. In spite of that, I’m giving this another whirl by way of mining ETFs, based on what seems to be important support for gold by way of GLD:
On Thursday, I put 100% of my personal portfolio into the biotech fund symbol XBI. Prices were so battered, I paid the same price was someone in 2014. Incredible, isn’t it? Plus, check out the volume in recent months. I know this is bizarre to read this from me, but there you have it. Incidentally, I made a super-cool video for premium members (crazy-important, I believe) that I’ll be releasing within the next 24 hours sometime. I’m trying to pace myself, because as content-drenched as things have been here this week, I’m not sure I want to do any posts this weekend!
