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 and Silver Still on the Road to a Low Risk Setup

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goldwheel

From a post on gold and silver on Tuesday…

Very simply, if it’s an H&S it’s a minor one with a target to the SMA 200 or short-term lateral support. Gold has curled back up to test the underside of its SMA 50. A takeout of 1310 and then the March high could put yeller back in business. Otherwise, don’t personalize it. A test of the SMA 200 would be normal.

The H&S was not my thing. I tend not to get overly excited about short-term patterns and surely do not announce them far and wide to stir people up. It was a product of the gold community, some members of which have been flipping in head spinning fashion between bullish and bearish views. I note it again because I don’t want that stink on me. The upside and downside parameters above were my stuff.

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Shake It Up

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Wednesday was supposed to be a rock ’em, sock ’em big day on the markets, but once all the dust settled, the Dow Industrials closed up six – – count ’em – – six points. That’s only six points larger than it changes on a Saturday.

In any case, let’s stroll through some ETFs. As always, click on any image for a much bigger version. I’ve tried to order and group these in a sensible fashion, and instead of interspersing paragraph text, I’m captioning each chart.

slopechart DBC
The commodities markets have been strong; I’ve drawn a resistance lined, but frankly it’ll probably get taken out with the continuing strength in crude oil.
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