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.
Fickle February (1 of 4)
Preface to All Weekend Chart Posts: Greetings from Slope Chart Central, where I have composed 38 of my favorite short positions in the form of charts. It’s the usual drill (Slope Plus gets exclusive access to a little more than half the charts; all Slopers get the remainder), except that I’ve decided to present these in static chart form as opposed to video, because I’m doing this from a bar I composed this in a nontraditional forum ill-suited to an audio/video recording. The symbols and names for each chart are at the top of each one, and hopefully my simple embellishments to the charts will make my reasons for having short positions in them self-evident.
US Stock Market and the Gold Sector
To review our stance, which is years along now, the gold sector is not going anywhere until it becomes widely accepted that developed stock markets, including and especially those in the US, are in bear cycles. We have also drawn analogies to the Q4 2008 event that took place in what felt like a nanosecond compared to today’s long, drawn out process. For this reason, a better ‘comp’ has been the 1999 to 2001 time frame. That was a process as well.
Regardless, gold boosters viewing inflation as the reason to buy the sector are still out there pitching, but even they have retooled their pitches for a deflationary world. It is now and always has been a global economic contraction environment (assuming it eventually coerces policy makers into inflationary actions) that would be the primary driver of the next gold bull market. Say, whatever happened to all the stories about China demand, a China/India love trade, supply/demand capers on the COMEX and ‘US jobs to spur inflation driving big, smart institutional money into gold’ anyway?
Sake Bar
