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.

The Only Bearish Chart I Dislike

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Yep, you guessed it. This is the value of my family’s principal residence. My net worth has gone down $3 million from this one asset over the course of three years. In other words, the value has been thrown back to 2015. Worse yet, anyone see a head & shoulders pattern? I sure do! I can only take comfort that we bought it in 1991 when it was half a million bucks, and there are countless poor bastards that paid the sickening values at the peak who actually HAVE lost millions (instead of just lacking millions that were never really there in the first place). Imagine having a mortgage bigger than the value of your house AND having to pay property taxes twice a year based on the inflated price you paid! Oh my gard.

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Gold Stocks Not Unique…….Yet

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Gold stocks have been among the leaders of the Q1 rally, but are not yet unique

It seems that all too often lately the gold mining sector is in tow with commodities in general and broad global stocks in its ups and downs. As a leader, but not THE leader of the rally that is fine for now as long as we’re still on the back end of the originally projected Q4-Q1 rally in broad asset markets.

But if I am correct in the view of a real bull market in gold and especially the miners, at some point this will have to change. Gold miners are counter-cyclical businesses and the fact that their cost inputs like energy, materials and even human resources are rising in cost is not positive. While the fact that gold has been outperforming most of these for the last 3 to 6 months is positive, the real play will begin when investors look at their portfolios, beaten to a pulp, and see only one sector (or one of a very few sectors) rising while a bear market resumes in cyclical, risk ‘on’ assets.

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Forget Tech, Coke Can Make You Rich (by Xerxes)

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I found this stock in passing (funny how I find some of these interesting charts without seeking them out intentionally) and it looks quite bullish in the short term. It has a textbook bullish pattern of higher lows and is meeting short term resistance near 180. Fundamentally it seems cheap as well as the PE ratio is a mere 2.14. I think this has a decent chance to breakout and will be watching for the break above $180

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