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.

Going for Gold

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It’s been a good day so far (and a comic slap in the face to everything Yellen did yesterday……..just take a look at currency markets). I’m balancing my zillions of shorts with carefully-selected longs, and the best charts to my eyes are precious metals and miners. I’m long gold and a variety of gold miners. Gold seems to have a pretty easy path up, at least for a few points: (more…)

One Central Planner To Rule Them All

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Yellen astounded everyone yesterday when she revealed herself as a dove, and made reassuring noises about the Fed’s willingness to spoonfeed and change nappies for equity investors into the indefinite future. Who knew? I just thank my lucky stars that I’m fortunate enough to live in the free market west where we have the world’s best and most open-handed central planners.

SPX broke back over the daily middle band at the close yesterday, and and long as SPX can hold that as support now on a daily close basis, I’m expecting at least a retest of the all time highs. SPX daily chart: (more…)