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.
Another very strong day from the bulls yesterday, and both of the breaks above the daily mid band and the 5 DMA were strongly confirmed on SPX. That doesn’t kill off any bear case altogether here, but it means that rather than trying to prevent a break up, bears would now have to break back down. My lean is bullish and I’m not really expecting bears to break back down, but I am expecting to see some retracement today, and I’ve put the key levels on the chart below to show what bears would need to do. SPX 5min chart:
Anyone who has been bearish on gold for the last 4 years has been right. They have been right in Euros and though the trend appears to have been gently changing over the last year or two, they have been right in Canada & Aussie (i.e. commodity currencies) dollars as well. Certainly, they have been right that gold as measured in most global stock markets has been (and remains) bearish.
They have also been right in that gold as a hedge against the kind of inflation that global policy makers have promoted non-stop for years now, has utterly failed. And for gold as an insurance and value asset, a small phase like 4 years is like a blip. Yet still, so many people throw their hats into the ring on gold, constantly micro-managing its every twist and turn.
If you’ve ever thought to yourself, “I want to own a Tesla just like TIm, but it’s $1,000 too expensive!“, well, it’s your lucky day.
Tesla sent me this link – http://ts.la/tim6426 – which chops $1,000 off your price. It also just so happens to give me a $1,000 credit toward the Model X I’m impatiently awaiting, so it’s a win/win.
If there’s even one Sloper who does this, this post will have been worthwhile 🙂