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.

Cross Not These Lines

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The past three weeks are simply characterized: the first two, a swift, reliable slump, and the third, a robust bounce-back which, at the end, lost its steam. It’s week four – next week – that is on my mind, because – simply stated – the market needs to re-weaken to constitute a discernable rhythm and pattern. If we get more strength next week, a lot of charts are going to get messy and much harder to interpret for bulls and bears alike. The reversal on Friday, marked below with an arrow, could be a crucial starting point.

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HUI, Gold & Silver; Monthly Charts

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Outside of the sound practice that is physical gold ownership in a time of monetary gamesmanship, the precious metals sector is all about speculation, at least according to 9 out of 10 chart jockeys and momentum junkies micro managing every short-term twist and turn.

Indeed, NFTRH manages gold, silver and the gold stocks on down to the short-term views as well, but that is only because the long-term views have stated that this is a time to be paying attention. Do we pay attention because we have waited so long to promote our orthodoxy and finally be right as gold bugs? No. We pay attention when a chart tells us to pay attention.

While we manage the shorter-term views (both macro fundamental and technical) rigorously in the weekly report and interim updates, here I’d like to dial out to the big monthly picture with 3 large (click to expand as needed) charts of HUI, Gold and Silver to see their stories, which are the reasons we are managing shorter-term views. (more…)