Meh. What can ya do. Here are some well-formed bullish patterns which have made new lifetime highs today:
Lifetime Achievement
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.
Hi-Lo
The bifurcation of the market continues apace. On the one hand, we have the S&P 100 (represented here by the ETF) pushing to the highest point in human history, all while the economy is in an utter shambles.
Housekeeping
Those who have lived with me in the past, whether it be college roommates or my own family, can attest that it’s a living nightmare I am very hung-up on order and tidiness. The same applies here on Slope.
Recently, I have been rearranging elements on Slope in order to make room for trading. For clarity’s sake, here are a few important changes: first, there is no “Blog” menu anymore. It is now called “Read“:
Gold Pullback Needed
Note from Tim: I didn’t write this! Anyway………
The gold price reached a new record high this week, beating the previous record set on Sept. 5, 2011. The gold price kept rising past the record high to new heights as the week wore on, and now the $1,940 record that was set on July 28 appears to have become the new floor for the price amid today’s pullback.
The organization said this week’s record high gold price has been driven by a combination of several factors. They are high uncertainty, very low interest rates and positive price momentum. All of these factors support investment demand, but the World Gold Council added that there are reasons to believe that the market is still early in the cycle.
The coronavirus pandemic is still far from being over, and its impact on the world’s economy is still being worked out. The organization said some countries like China, South Korea and parts of Europe seem to be turning a corner. Globally though, hope of a rapid recovery is gone.
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