Slope of Hope Blog Posts

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The Acid Test for Gold and Silver (by Springheel Jack)

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The SPX support trendline broke down yesterday, and the short term high could be in, though I'd like to see a move below 1350 SPX for more confirmation that this seemingly endless up move has finally peaked. Trendline resistance still looks very solid and should be in the 1370 area today. The 2011 high was at 1370.56, and a  test at that level would have some technical merit, so I wouldn't rule it out quite yet: