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.

Following Gold Stock Leaders

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Gold stocks have led the market for a year, and with economic deceleration and Fed policy response that leadership looks to continue [note: Friday’s ‘in the bag’ bounce-back Jobs report does little to alter the economic deceleration theme]

We have been on a bullish gold mining view for over a year now. Over that time there have been three interruptions, the downward-biased consolidation from August to November 2019, the flash crash (and very constructive gap filling mission) in March and most recently the pullback that logically began in May as broad stock market relief started to fan out to more and more momentum chasers who’d finally gotten the hint that the Fed means to devalue the US currency (in competition to a degree with its global counterparts seeking to do the same), making cash a non-viable investment position (other than for risk management to the bullish asset market atmosphere).

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Index Mega-Review

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The year 2020 has been insane in so many respects. In the stock market, we went from the quickest, most brutal beatdown in Q1 to the swiftest, fakest, most risible explosion in equity prices in Q2. No one knows what Q3 holds, but I can guarantee you that it will not be boring.

Below are seven major index markets. I’ve put some remarks in the caption of each.

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The Dow Jones Composite has two key bearish elements going on: the island reversal pattern (circled), which is quite rare, as well as a broken intermediate term trendline.
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