The XME/GDX relationship has held true for decades, and after completing a substantial top and plunging hard, it has recovered almost back to the base of its top.
On That Metals Pair Trade
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.
Four Against the Wind
There’s nothing easier in the world than offering up short-sale ideas when the market is in a free-fall. Of course, that’s also the most hazardous time. Conversely, there’s nothing harder than daring to offer up such ideas when the market is in up-every-single-day mode, as it is now, but I’m going to do it anyway. Before I do, let’s take a quick look at the /ES futures since April 21st, which was only three weeks but about 800 points ago!
Will the Other Shoe Drop?
Having lost about 70% of its value since it peaked, shoe-maker Nike (NKE) has enjoyed a bounce in recent weeks thanks to the cessation of the trade wars. I would like to emphasize that the massive top is still intact, with an important price gap at 64.16:
