In recent weeks, commodities have plunged. Thanks to yet another violent conflict in the world, commodities (and oil in particular) have exploded higher. My belief is that this move is done or close to done, and we must watch the price gap as a point of important resistance.
(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.
An Oversold Gold Miner
Final Bull Failure
The one sector of the financial world that was still bullish was commodities. Not anymore! Now we can really start collapsing. The same thing happened back in 2008, since energy/commodities kept pushing higher even while everything else has started crumbling away months earlier.
Futurama
Going…….Going……..Gold
Wow. Precious metals continue to defy their moniker. Gold has failed a large right triangle top.
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