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 chart below is fascinating to me. It represents the All World Index, and with a single glance you can see the tension facing equity markets. On the one hand (or, more accurately, on the left side) you’ve got a huge topping pattern, and on the other hand (the right side) you’ve got just as big and just as well-defined a basing pattern. The price is very close to a financial line of scrimmage, and whether it droops away or blasts into the pink area will set the direction of prices for months to come.
If the decades old bubble in paper assets is ending, that’s why gold!
Various promotions along the way of the Continuum have distilled the case for gold down to handy buzz phrases like “got Gold?” as if it were a carton of milk. Other promotions have presented gold as the go-to asset through all types of macro phases, from “fiat is gonna blow up any day now” to “inflation is gonna eat your future” to “a deflationary Armageddon is on the way”.
Yet all along the Continuum, policymakers papered it over, inflated the mess at every crisis as long as the Continuum allowed.*(more…)
Priced for perfection! Here’s the 60 day minute bar chart: