Gold is currently wedged in between $1300 and $1350. I have a medium-sized short position on it right now, and my view is that we’re going to break down below the current range and resume the bear market in precious metals in earnest. I’ve tinted the chart to suggest where I think we’re at right now, analogishly-speaking. I’ve put in the image of Ms. Fenn only because there have never been such glorious eyebrows. (more…)
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.
Oh, why can’t every morning start out like this? With both the NQ and the ES sporting beautiful failed bullish breakouts? There is nothing on this earth that warms my heart more than the sound of bullish hearts breaking the world over. Even a gaggle of snuggly puppies can’t beat it. And that’s saying a lot, because I really, really like puppies. Satan’s spawn deserves being disappointed, at least every now and then. (more…)