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.

Inflation Siesta

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The latest economic data came out this morning, and it indicates that, in spite of the Fed’s best efforts, inflation just is not kicking in. CPI fell for the fourth month in a row, and the US dollar has continued doing what it’s been doing the entirety of 2017, which is sink.

In turn, precious metals are getting a hearty bid (which will probably blow me right out of my DUST position at the opening bell). For gold bulls to reclaim power, they’ll need to close the gap I’ve pointed out below and push above it. Otherwise, this is just going to be another opportunity for the bears to take advantage of precious metals weakness, more or less in place for the past six years and counting. (more…)