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.
Mr. Steven Ricchiuto, he of a Masters in Economics from Columbia, has
laid out the proper plan for the Federal Reserve in this oh so noisy
environment in which an unassuming and fairly quiet man is trying to
tune out a personal bully on Twitter, tune out the stock market’s daily
whipsaw and do what he perceives to be the right thing.
Today, the academic named above throws in with Trump and politely
harangues Chairman Powell thusly in an open letter. You can read it by
hitting the graphic…
Amazing isn’t it? It was only back in H2 2018 when everybody but you
(because you are as smart as I think you are or because you read NFTRH or nftrh.com) and me was unbelievably bearish about the TREASURY BOND BEAR MARKET!!!
Today… not so much. The herd is absolutely pile driving bonds right now.
Have you heard the news? US Treasury bonds are sky rocketing as it
turns out there is no inflation amid a global central bank NIRP-a-thon
and race to the currency bottom. Going the other way, our 30yr Treasury
yield Continuum is burrowing southward.
If you check out yesterday’s post you’ll see proof that the 2018 NFTRH view that people should tune out the bond experts instructing BOND BEAR MARKET!! was 100% on target.
While many are talking about major new bull markets in gold, silver
and the miners I find it safer to set realistic goals within a still
very bullish outlook. After all, we became bullish in November, had to
retrench due to over-bullish sentiment and fading fundamentals in
February (both situations linked here) and then have been back in the bull seat since the gold stock launch as noted on June 3rd.
When last we left the 3 Metallic Amigos… I can’t remember the detailed individual statuses and am too busy to go read the post. They were something like borderline hysterical gold, attractive silver and bouncing (but not yet bullish) copper. So here’s today’s update on these Amigos.
It’s not a chart of nominal HUI with upside technical targets. We’ll do that in NFTRH
this weekend, along with the usual individual miners. Rather, it’s a
companion to other charts we’ve been reviewing over the last several
months showing the under valuation of the gold stock sector relative to
gold’s performance vs. cyclical assets/markets. For example, gold has
risen strongly vs. the CRB index and that is a sector fundamental under valuation.