Let’s take a close look at the ratio chart $AW01//GC for a minute, which is the oft-referenced All World Index (equities) divided by Gold. I’ve shared this many times, and here’s the most up-to-date version:

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.
Let’s take a close look at the ratio chart $AW01//GC for a minute, which is the oft-referenced All World Index (equities) divided by Gold. I’ve shared this many times, and here’s the most up-to-date version:

I present to you big box retailer Best Buy (symbol BBY) which has broken its lifetime trendline. It could take a while, but, long-term, this could be heading much lower, which would be the logical outcome of a worsening economy and rising tariff-driven product prices.


Things were swimming along just dandy this morning until Scott Bessent, the Treasury Secretary, decided to make his daily announcement that trade deals were coming Real Soon Now. This was augmented by Trump stating he would have some “good news” to share on Thursday. Markets exploded higher, and in my inimitable style, I slipped on a pink sundress and immediately covered 4 of my 20 positions.
You already know what happened next.
