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.
Today (Wed 17th July 2013) silver was slammed down, so it time to review the dominant cycle to see where we are.
Silver Etf (SLV) has a very strong weekly 210 period cycle and it suggest that there is little down side to go, however SLV could still print between $15 and $17 in the near future. As always watch for a base to build before jumping in. (more…)
If you have seen the Kevn Spacey movie named ‘Margin Call’ then you have a fair idea what went on by the insiders (ie Bullion Banks) to the price of gold during April 2013. Here we look at the April and June 2013 gold smack down (more…)
IBM will be announcing their earnings after the close. The last time they did, in mid-April, the stock gapped down hard (only to recover the losses in the weeks following). I don’t have any particularly strong feelings about the direction of the stock, thus I have no position, but I’ve marked a couple of important prices points below for tomorrow’s post-earnings action. If we break the pattern I’ve shown with those parallel lines, it could drag the market down (although, as we’ve seen today, even a couple of Dow stocks taking a tumble isn’t enough to move the entire market lower). (more…)
GameStop, shown below, has had a ridiculous run-up. I was going to check the P/E out of curiousity, but I have nothing to offer you, because they have no earnings. In any case, I think this is a relatively clean short, given the hockey-stick nature of the recent price ascent.The prospect of a rapid pullback, such as the one seen late in May, seems like an opportunity. (more…)
Yesterday, Tesla slumped nearly twenty bucks on the second strongest volume in its history as a public firm. My view is that the incredible run-up has stopped and that traders are going to take on a defensive posture. Today’s bounce is just that – a bounce – and I think prices will weaken again. Earnings come out August 7th, and given the stock’s still very-rich valuation, the numbers had better be shockingly good. (more…)