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.

Gold Stocks: Not Quite Yet

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Macro changing in favor of the gold stock sector is and has been a process

The process began with the leveling off of inflation’s momentum and continued as the global economy began to show signs of weakness (e.g. US manufacturing deceleration and developing supply chain slack among several other problem areas as exposed during the current earnings season).

While the nominal sector (HUI or the ETFs, GDX and GDXJ) has been bouncing within its intact downtrend it would be best to track other macro considerations along with the chart TA, which could signal a new bull phase by either completing a daily chart bottom/base (which nearly happened on Wednesday, but at least temporarily failed as the index and ETFs did not take out the October 4th highs) or completing a final decline, preferably amid much fear and angst among whatever inflation bugs may still be infesting the sector.

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