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.

Reconsidering Gold

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I came this close – – THIS close – – to doing a post yesterday in which I offered up again the basis behind being short the gold miners, but my discomfort with seeming capricious got the best of me, so I didn’t. As I look at gold now, down $8.40 as of this typing, I regret not doing so, because renewed strength in the dollar versus the Yen is smacking gold down once more.

0405-gld

Being bearish miners could still be one of the great trades of 2017, but the uncertainty of the USD/JPY is a major player here. We are definitely at a level in which the dollar could recover its losses against the Yen, which would throw a millstone around gold’s neck in a big hurry. I might just re-enter DUST today in an attempt to take advantage of potential miner weakness.