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.

The Gold Manipulators Not Only Will Be Punished, They Have Been Punished

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I have not gone off the deep end and joined the “community” of boosters, promoters, pompom waving cheering squads and general cult figures who you can just tell not only want you to adore gold, but in some cases need you to act on your adoration and buy gold or gold stocks.  Read into that what you will, but the history of investors burned by the pitch, which tugs at peoples’ morals, sense of right and wrong and plain old common sense, is a long and storied one.

As in any market, you are the mark, the target, the food… unless you do the educational work to the degree required in order to have your own – not some expert’s – view on things.  That includes we would-be geniuses who think we can write for you and provide worthwhile information along the way in your decision making process.  The day I stop learning and working to be better is the day I stop doing this, and that’ll be the day they fit me for a pine box.

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British Tulips On Sale

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The opening setup this morning was complex so I tweeted the premarket video I recorded this morning for Daily Video Service subscribers at theartofchart.net on my main twitter this morning at the open. If you missed that you can see that here.

In summary there is a chance today for bulls to shut down the bear scenario here off yesterday’s bounce at the 3sd daily lower band. Bulls would need to break back over the daily middle band, currently at 2154, and a decent match with the ES monthly pivot at 2146. Obviously they would also in that event need to avoid a reversal candle on Monday cancelling the bull breakout.

That prospect is receding a bit now, as the best shot for bulls at doing that today was the possible trend day that was developing, but that’s looking unlikely now. I’m still very much leaning short, but there is a bull scenario here and we need to be aware of it. ES Dec 60min chart:

161014AM ES Dec 60min

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