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’s Kill Zone

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There is nothing bullish happening on the gold and silver charts. Nothing bullish on the miner Index/ETF charts. Nothing bullish on the HUI/Gold ratio. In other words, when it comes to a segment as volatile and sentiment-dependent as the precious metals, we are in the kill zone.

That can be read a couple of different ways. First, the inflationist gold bugs are getting exterminated as the US dollar first rose and since has stubbornly refused to take a pullback.

But the time to buy the gold sector is pretty reliably when the bugs are dead or at least hiding deep in the woodwork; so deep that you’d not even know they are still there. Just as you should have caution when gold bugs are trumpeting loudly, you should be brave when they are in full retreat… or worse, dead. (more…)

Gloria All-Red

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It’s been a very long time since I’ve woken up to a screen entirely red. Everything is down – – ES, NQ, crude oil, bonds. Of course, these aren’t huge drops, but at least the color is right.

I guess the inspiration is the tit-for-tat trade war going on between the US and China. One wonders just how much hundreds of billions of dollars in goods need to be subjected to these tariffs before the market really feels it. For our only family, we bought a new washer/dryer combination before these surcharges were slapped on.

yesye (more…)