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.
In less than the time it takes for a chrysalis to release one of life’s remarkable transformations, many once called “capitalists” woke to find the world they once knew changed into something only dreamed or told in folklore.
Where business models resembling unicorns abounded along with rainbows in their resembling equivalent of over-arching ETF’s. All available in a multitude of hues and proportions so plentiful: It was hard for one not to well up when contemplating. For in this new fairytale land there must certainly be a pot of gold at the end of every “rainbow.” However, one would be mistaken. For one must remember this is a “Keynesian Shangr-la” and gold here is useless. (insert choir music here) (more…)
A look at a 20-Year Daily chart of the SPX (below) shows that price has popped up to close on Friday just above a major resistance level of 1,975 and has penetrated back inside an uptrending channel from the October 2011 lows. The Momentum indicator has spiked to a new 20-year high.
Failure to hold above 1,975 could see a re-test of 1,900, 1,820 (Fibonacci and price support), or lower.
In mid-September, just about six weeks ago, silver failed beneath an important shelf of support (tinted in yellow below). Although silver was already in a downtrend, once support was broken, pretty much all hell broke loose.