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 is Monetary Value
We preface the post with a statement that has not changed since I began public writing nearly 10 years ago: Gold is not about price; gold is about value. This point was hammered home to me 11 years ago by a person who had much influence upon my viewpoint toward the financial system and its various diseased components at a time when I was ready to listen and understand. (more…)
I was pleased to get this snapshot of breakfast from Europe, where an esteemed Sloper is starting to read my newest book on Kindle. Thank you!
I’ll start by saying I am not bearish on miners; far from it. It’s pretty clear that miners – and, almost certainly, precious metals in general – reached their bottom in December. 2014 is probably going to be a great year for both. However, given the swiftness of the most recent ascent, I wouldn’t be surprised to see profit taking pushing things back, perhaps even down to as low as around $24 where GDX broke out in the first place. Longer-term, though, it’s poised for much higher prices.
Of all the over-commercialized holidays none of them is more egregious than Valentine’s Day. Wikipedia claims its origin go back to Ancient Rome but we are convinced that some marketing genius pulled this one out of his rectum after a bad quarter. And since that dreadful day generations of men have been forced to engage in wasteful commercial activities they would usually only consider given either one or more of the following conditions: (more…)
Well somewhat to my surprise SPX bounced at my highest retracement target yesterday, and that was at the 50 DMA. The broken rising wedges on SPX and NDX both established rising channels at the low, and I posted the SPX channel on twitter later with the comment that there was no longer a retracement setup there unless the rising channel should break down. That remains the case this morning of course and I would add to that the note that the rising channel is rising at better than ten handles per day, so it is likely to break down within a few days at most. SPX 15min chart: (more…)