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.
Trillions More
Please note that the video below (either live, or archived, depending on when you read this) is not for political purposes. It is germane to trading as it relates to the rumored $1.9 trillion in money from thin air that the government plans to shower on well-connected corporations, badly-run states, and – – with what’s left – – Ma ‘n’ Pa Kettle.
Gold/SPX Ratio and the Gold Stock Case
In and around the August time frame we noted (in NFTRH) high risk to the gold miners because the price of HUI had gotten a million miles ahead of gold’s ratio to the stock market. That was typical bit in the mouth enthusiasm by the gold “community”, as even Warren Buffett bought a gold stock (and signaled a top).
This chart (and another I have like it) revealed to us in real time the excessive condition. Could the miners have just kept going, into a bubble of their own? Sure, but very unlikely. Amid the bubble making elsewhere gold, silver and the miners are doing the right thing… and they are doing nothing that they did not do several times in the bull market circa 2001-2007. Those bull market grinds were interminable, but ultimately gave way to grand new highs when the healthy corrective work was complete.
(more…)Pigs in Space
Bonds Bearing Down
US Bonds have been breaking down for about a year now, and although there will be small bounces along the way, the pattern is fairly clear. The next meaningful resistance is the price gap on TLT at 155.66:
