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.
Views of gold in relation to other markets and brief summaries thereof, with a focus on how it relates to the gold mining sector and the inflationary macro to come.
Gold/Silver is in a potential bounce pattern with RSI and MACD positive divergences. A bounce (if applicable) – which would likely come in unison with a counter-trend bounce in USD could accompany more broad market pressure and possibly a brief whiff of deflation. As we’ve noted in NFTRH for much of 2020, silver has trounced gold and that is a bigger picture inflationary signal in the “metallic credit spread” (H/T Bob Hoye).
The bigger they come, the harder they fall. Here we see Apple, which in merely weeks has blown $500 billionin shareholder value. More importantly, for the first time in 2020, they had a trendline failure. It isn’t looking good for Tim Apple, cleverly disguised below to no good effect.
Here’s one chart worth a thousand words: it’s a ten day minute bar chart with the QQQ in blue and the IWM in black. For the first half, they are joined at the hip; lately, however, tech has absolutely been falling to pieces. It’s annoying as hell to me, since I’m so focused on small caps. Will the rest of the market follow tech lower? We’ll find out soon.