I give plenty of attention to gold and silver, but rarely mention palladium, another precious metal. It has certainly been a laggard, but looking at the long-term /PA contract, it looks like it has a real chance to join the party.
Palladium Power
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.
Setup For a Bull Run on Crypto
In my last posts on In Monday 12th May and Thursday 22nd May I was looking at the possible setup for a retracement on Crypto that might then set up a substantial bull run on Crypto after that retracement was complete. That retracement is not yet necessarily complete, but I think it may well be, so today I want to look at that retracement, explain why I think that may be ending a bit early, and look at the large bullish IHS patterns forming on Solana (SOLUSD) and Ethereum (ETHUSD) that may deliver major high retests on both while Bitcoin (BTCUSD) makes substantial new all time highs.
Looking at the daily chart Bitcoin broke below the daily middle band into a test of the lower band, the 50dma and the 100k level. They held as support and Bitcoin is trying to break back over the daily middle band. The daily RSI 5 sell signal reached the full target. If the daily middle band is successfully converted back to support then this retracement is likely complete.
(more…)Post Mad-Men
For whatever reason, the world of advertising agencies absolutely stinks lately. Even in this crazy bull market, the big six public companies in this sector are withering away.
Silver Bells
For a while last year, I became almost single-mindedly obsessed with silver. I’ve got to say, I wish it had remained so, since just buying SLV and kicking my feet up would have saved a lot of thought and tension! In a more positive light, my endless yammering about silver as a long position has turned out to be a good disposition.
The Fib is Holding
Perhaps I’m making too much of it, but I’m impressed how well the Fibonacci has done in pounding the /RTY back down:
