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.

Midflight Turbulence

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After being bailed out to the tune of hundreds of billions of dollars in free money, the airline industry has managed to survive the pandemic. In my opinion, vaccine or no vaccine, the business travel industry has been permanently changed, and the sheer quantity of flights taken for either business or pleasure is going to be permanently diminished. I present to you nine charts below of commercial airlines which strike me as profoundly prone to a newfound downturn:

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Gold is So Normal it Ain’t Funny

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The metal that Huey digs from the bowels of the earth is fine

You see, with silver out-performing gold (since well before the #silversqueeze promotion), with inflation expectations rising, with cyclical commodities rising, with the government set to panic a shit load more fiscal policy into the economy… gold is normal. It is still unwinding a blow off in fear and angst after the deflationary spring.

Of course the two red towers that mysteriously reversed gold out of a pair of breakouts (of sorts) are of suspect origin. But maybe da boyz was just doin’ da bugz a favor in presenting a great buying opportunity to come by keeping gold on its proper corrective course. The best support area is and has been the low-mid 1700s (with allowance for a spike to the lower trend line).

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