The horizontal line which, for months on end, the bulls weren’t able to push past was finally defeated on Friday. It seems that all week long, the ES kept trying to break through, and although it got maybe a point or so above the line, it was always repelled. That is, until Friday, at which time it swifted tacked on 10 points, dropped to test the line successfully, and strengthened once more.(more…)
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.
Hurdles for Gold Stocks
One problem for the gold stock sector was highlighted here and here evidently a little too obnoxiously for the liking of some bugs. The problem was the aggressive bullhorn sounds emanating from every orifice of the gold community the minute the charts broke upward into an obviously bullish technical state.(more…)