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 bugs will remember 2012 as the last year of hope that gold was
still in its bull cycle as it managed to hold key support around 1550
into year end.
It should not be lost on us that here into year-end 2019 gold’s new
bull cycle has risen to, and logically halted at, the very same former
support that is now important resistance to a new bull market. We
anticipated this resistance in the summer, and although the up-turning
Semi cycle of 2013 was logical to gold’s demise 7 years ago, that is no
longer the case as Semiconductor leadership takes a new leg up in 2019.
Why? Well, let’s explore just a few of the differences between then and
Global central banks have been pumping the liquidity spigots 24/7 and
the US Fed is starting to go that way as well. This during a time of
supposed economic splendor and fruitfulness (it is these contradictions
that are the windows into a ginned up, leveraged economy dependent on
monetary policy) while the S&P 500 breaks through the bull turnstile
to blue sky.(more…)
This morning in pre-market the Amigos’ futures charts update the macro story…
…which goes something like this…(more…)
On a not as bad as expected Payrolls report the US market is now at our target, which was a second hit of the upper reverse symmetrical triangle’s trend line. That became the objective after SPX took back the green lateral support area.
To review, bulls have the moving average trends, they have lateral support and they have blue sky’s unfettered possibilities. The bears have divergences in RSI and MACD with increasingly compromised bearish looks. In short, technically speaking the bears have not much more than bupkis.(more…)
They call copper the metal with the Ph.D. in Economics. But these
days Doctor Copper is little more than a quack in that regard, taking a
cue from the metals whose interplay will be critical to deciding the
coming macro for 2020 and the run up to the next US election. Thus, they
are the 3 Metallic Amigos, riding together but providing different signals at different times (this being nftrh.com, you will have to put up with the odd shtick from time to time).(more…)
Let’s take a look at some indicators that can come together to let us know when the next inflationary bout is in the offing.
The spread between 10yr and 2yr yields (the most commonly watched
yield spread/curve) is still steepening on the short-term. Live chart
The interplay between gold and silver is a critical component to
understanding what is out ahead; to understanding whether long-term
Treasury yields will rise and if they rise, whether it will be due to
inflationary pressures. It is a critical component to understanding
whether cyclical commodities and other aspects of a greater
inflation/reflation trade will finally break existing downtrends. See…(more…)