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.

Late Innings For the Gold Stock Rally

By -

The gold stock rally is near our long-standing upside target of HUI 500 +/-

Of course, a target is just a target. Not a stop sign. But while today’s bulls were cowering or chasing Nvidia and other sexy headline items back in January, NFTRH was discussing why the macro-fundamental picture was aligning positive for the gold mining industry.

I believe backing up my assertions, so as just one example, the January 26th edition of Notes From the Rabbit Hole (NFTRH 846) included this picture of the “last man standing” in the way of a purely bullish fundamental view of gold mining among other bullish signs for gold’s “real” price, as measured against cyclical markets.

(more…)

Giving XLU a Go

By -

The Dow Jones Utility Index of 15 stocks doesn’t get much love, but it should. It’s actually had a long history of very interesting patterns, with particularly success in rounded tops leading to nice drops. Over decades, the $UTIL has topped and dropped repeatedly, with the 2007 top being one of the most superb (perfect, actually) head and shoulders patterns among the literally millions of charts I have examined over the years.

(more…)