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.

Gold Ratios to Cyclical Markets

By -

Important gold ratios to markets that are more cyclical

When gold rises again vs. these markets the counter-cyclical economic view will generally be back on. Gold has far more utility (insurance, risk-off liquidity, relative value retention) during economically troubled times than cyclical assets like stocks and commodities.

Gold/SPX (U.S. stock market)

A sweet consolidation as the market angst of the spring has gone bye-bye. This is a lovely consolidation that was much needed as gold got over-pumped to the upside (and stocks to the downside) in April.

Graph showing the Gold to S&P 500 ratio over time, with price movements and trend lines. Indicator values and trading volumes are also displayed.
(more…)

Frog & Choad

By -

I was watching, just like everyone else on the planet, at the moment NVDA earnings came out, and the stock immediately moved down. As I’m typing this, it’s nothing dramatic – – it’s only off about four bucks. B.F.D., right? Well, listen, in this market, it’s red, and I’ll gladly take any shade of red.

Of course, the permabulls – – like the four hoary dinks pictured below on the left side of the screen – – were shocked that the stock wasn’t up $20 instantly, and two seconds after the stock started plunging, they starting chattering about “It’s not that bad, bro” and “It can still go up, bro.”

Bro THIS, fellas.

(more…)