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.
On the one hand you have the sons of Harvey & Erb, who called gold to $800/oz. and caused a stir in the gold “community”. Per Campbell Harvey in this video with Kitco’s Daniella (dig the flowing golden locks of hair)…
“Gold is just too volatile” to be an effective inflation hedge.
Well yes sir, you are right. Gold does not track inflation in any kind of a convenient time frame. Gold’s volatility is a reflection of the volatility of the assets orbiting around it in the constellation of risk. (more…)
I pride myself on Slope’s uptime and reliability. Starting with this post, however, I wash my hands of it – – certainly for the night, and maybe off and on through the holiday weekend. We are doing some major upgrades to the site, so we are taking advantage of this long weekend to get the job done. I’m probably vastly overstating the potential issues, but forewarned is forearmed.
SPX has made a possible short term high a couple of days ago, but needs to show us more on Tuesday than a retracement to test obvious support at the 50 hour MA, currently in the 2890 area. If that can be broken, and the open gap below it filled, then there is a decent shot here at seeing a retracement into rising support from the late June low, currently in the 2840 area, to confirm the rising wedge from there within the overall rising channel from the overall rising channel from the early May low.
This is the equity index section of my premarket video for this morning which talks more about the evolving setup here. Partial Premarket Video from theartofchart.net – Update on ES, NQ:
From over thirty years ago, a favorite movie of mine – – Talking Heads’ True Stories – – seems to have neatly predicted the world we’re living in today, as well as its conspiratorial paranoia. (“You got your CBS. And your ABC. You got Time and Newsweek. They’re the same to me.“) Once again, life imitates art.