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.
The following 60 min (market hours only) charts of the YM, ES, NQ & TF illustrate the reactions to this week’s unsettled (so far) banking crisis/bailout battle between the EU and Cyprus.
There is lots of indecision in these markets as they react to the ongoing saga in Europe’s fragmented banking, political, and economic systems (on which the Troika is attempting to get a firm grip by implementing ‘unusual’ and what will become precedent-setting methods, as the irrefutable Law of Attraction dictates).
Those who fail to learn from history’s mistakes are bound to repeat them. Its an age old saying, yet every new mania in the markets screams how this time its different. Financial markets are actually very boring from a historical perspective. The same thing happens over and over again. So here we are, at the end of Quarter One 2013 pressing on new highs, yet it seems the market has forgotten all about what happened a long long long time ago. And by that I mean, exactly one year ago. (more…)
Hi SoH… geek alert!
As the Cyprus drama and other macro events play out and distort normal macro economic signals to varying degrees in the short-term, let’s review the ‘real price’ of counter-cyclical gold vs. the cyclical industrial metals:
Au-GYX Ratio, daily chart