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.
Friend-of-Slope Gary Savage has been touting precious metals a long time, and he's certainly been doing well lately. As an experiment, I punched in (GLD/SPY) in ProphetCharts to see what the ratio chart would look like, and here it is:
GLD is very close to pushing past its all-time high of June 28th. If it does, it'll be interesting to see just how high it goes. Gary writes that gold and the Dow will reach a 1:1 ratio ultimately (example: 6000 on the Dow and $6,000/ounce for gold, or whatever the prices may be). We shall see!
One short I had good luck with a while ago was Hutchinson Technology (HTCH), but it has gotten so battered, I stopped trading it. I still looked at it each day, wistful that it was too low to short responsibly.
Well, yesterday it shot up huge, and I saw a second chance to get in. I've covered the position today for about a 13% gain, but I just wanted to point this out as an example of taking advantage of a battered stock which, for whatever reason, has a massive one-day pop.
Here's a daily chart, so you can see this pop in context of longer-term price action.