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.
Gold in Euros Forecasting Gold’s Future?
Gold vs. the Euro index can be a leader for gold in nominal terms. I was reminded of this when reading an aside within Tom McClellan’s article Copper Leads the Way Lower for Bond Yields, posted at Biiwii. His article was interesting to me because its thesis supports my view that long-term bond yields are due to decline. But the aside about gold and euros got me pulling some charts for this post.
Au-XEU (daily) has declined to a support zone and retraced over 50% of the 2016 gain.
Free Movie Idea
Last night I tweeted out (from a dive bar near Google) a picture of me going over the final draft of my first screenplay……..
Since my creative juices are flowing, I had another movie idea while walking the dogs, which I’m offering here, free of charge. Just put my name in the credits somewhere, OK?
The Low Before The High
Just when you think the tape has gone into a persistent vegetative state it can sometimes surprise you, and ES did that yesterday with an unexpected trend down day. This is good news from a technical perspective as there is usually a spike down shortly before a significant high, and I was thinking that ES most likely didn’t have the juice to manage that this week. We call this the low before the high, and, if this is that move, then we are looking for a low shortly into a retest of the all time high and likely marginal new high. If that marginal new high can be managed this week then the first day of 2017 may be the start of a significant decline.