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 Bubble” Callers, On Cue

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Below is a profound picture of the gold bubble

But first, let’s review one of several “gold bubble” headlines that have appeared recently. In this piece, the analyst in question and his bubbly views are behind a paywall. But a writer at Investing.com highlights the analyst’s views publicly.

Gold may be in a bubble set to burst, economist warns

If you are not familiar with me, rest assured I have been down this path of rebuking “gold bubble” theorists before. Recently, here:

Why Gold is “Value” in Today’s Economy

…and as far back as 2007 here:

Gold: A Value Proposition

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So Here We Are Again

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In my post on Monday 6th October I was looking at the negative divergences on SPX and QQQ, with daily RSI 14 and RSI 5 sell signals brewing on both of those. All of those fixed on Friday 10th October, with both RSI 5 sell signals also reaching target on that Friday.

In my next post on Tuesday 14th October I was noting that there were now daily RSI 14 sell signals fixed on SPX, QQQ, DIA and (weaker signal) IWM. I was saying then that was suggesting a larger retracement soon to reach those targets.

I was also looking at possible topping patterns forming on SPX, QQQ, DIA and IWM then and saying that those would likely break down or reject back up to the highs in what might then be the second highs on a series of double tops.

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