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.

Gold Update (by Leaf_West)

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WARNING … EWT is mentioned in this blog!!

Gold is bouncing in the minute Wave 4 of the first leg lower here as I had predicted … the bounce has been stronger than I was expecting but it is now entering what should be the maximum retracement area …

Gold ETF (GLD) 15-min charts:

GLD_Aug 26_15min

GLD_Aug 26_15min_02

I've started to short GLD here and plan to stage into the trade as/if price continues to push into the "blue zone" …. my stop is $0.25 above the top of that zone ($178.07).

Cheers … Leaf_West

Color, Mania, and Hedging Gold

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Color, Mania, and Hedging Gold

Below are some thoughts on hedging gold, but before that, a quick aside, prompted by a chapter I read today in The Slope of Hope Bathroom Reader. On p.28 ("Color and Mania in the Valley), Tim mentions the mobile app Color, the creators of which received an astonishing $41 million in venture financing, as an example of the recent bubble in tech. As it happens, one of my daily clicks is the iOS app tracker, which provides hourly rankings of Apple iOS apps. (Editor's Note – thanks for the book mention, Dave!)