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.
Waiting for Goldot Again
In August of 2005 I wrote an article entitled Waiting for Goldot. It seems silly now but the mood of the time was one of frustration for many gold bugs as the S&P 500 was on a robo grind upward and gold was seemingly going nowhere. The theme of the article was to have patience, gold was just fine. Of course, that period was in the midst of a more traditional inflation, when gold and commodities out performed stocks. So any measure of patience then was a tiny thing compared to what is needed today.
The bear market in which gold resides today is a complex thing, with global inflation and deflation interacting and producing among other things, a Goldilocks environment in the US and rock solid confidence in the Bernanke and later Yellen Feds. Greenspan was continually derided as he allowed a dangerous commercial credit bubble to expand right along with stock prices and the economy.
