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.

…And You Will Know Us By The Trail Of Dead (by Nathaniel Goodwin)

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By "us" I mean me and my trusted green sai Deirdre (a true warrior always names his weapons), and "trail of dead" I mean greedy drunken bulls and gold-bugs.

Let’s see if that green sai is able to defend the US$, and strong enough to kill the evil US dollar bear. The red sai of death has done much damage, but the US$ has broken away from its evil clutches over a month ago.

Beware gold-bugs, time might be running out. Look at what happened to the ancient Egyptians and Mayans who were also overly bullish on gold. History tends to repeat itself.

(Disclaimer, I'm not much of a precious metals fan.)

Something’s Gotta Give

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Good morning, everyone, and a happy new week to you. It's cold and wet here in Palo Alto, and as I glance at my various screens this morning, I am struck by how relatively strong the /ES is compared to the Euro and Gold.

After all, isn't this what we've been waiting for? The Euro is plunging, Gold is strong, and the Dollar is pushing higher – – – and yet /ES is down a mere 3 points? What gives? After all, gold has lost nearly eighty dollars in just a couple of days, and the /ES isn't but a few points away from its 52-week high!

This suggests to me that when the Euro and Gold push higher, even if it's just a temporary bout of resiliency, that the /ES will push to new yearly highs. The equity market seems way too robust now in the light of what were supposed to be the "levers" that cause it to fall. Unless the /ES suddenly "catches up" by falling quickly today, I'm afraid that's what's in store.