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 & Miners- the Journey Ahead

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Gold’s bull market has, through twists and turns, been ongoing since 2000 and through coming twists and turns, will keep going

Gold’s current bull market phase has been somewhat muted, compared to much of the 2000-2011 phase, when it was loud indeed. Much of that can be attributed to the fact that gold is still flatlining in relation to the S&P 500 and other major stock indexes (it has been rising since 2021 in relation to lesser and broader measures, like Small Caps and the Value Line Geometric Index), whereas gold boomed vs. SPX from 2000 to 2011.

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Trends Up, Bull On, Risk High

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The opening segment from this week’s edition of Notes From the Rabbit Hole, NFTRH 829: Trends Up, Bull On, Risk High (Macro Discussion)

The segment’s title might also read “Another Week, Status Unchanged”, as it has been for so long now. That status targets “to or through the election” [for the broad bull rally], as it has all year long (with a few caution points along the way).

I’d like to go back to one of my favorite charts illustrating the macro situation of 2024. While some are giddy (the casual public “playing” a stock market that always goes up, eventually), some are pissed (those who have staked their marketing schemes, and thus their reputations, on a perma-bearish view) and some are bewildered (mainstream investment houses retooling their outlooks in lagging fashion with every interim macro event/turn), we simply follow our guides, like the 2 year Treasury yield’s divergence to the (Fed proxy) 3 month T-bill yield, which is now finally starting to adjust to the divergence, as expected.

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Signals for Gold, Stocks, Economy

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Bond Market Yield Curve Returns to Normal?

The financial media appear to once again be leading the public astray about the Yield Curve situation

The media pounded and pounded the yield curve’s inversion as a signal about an imminent economic recession. We have noted again and again that it is not the yield curve flattening to inversion that brings the pain, but instead, the subsequent yield curve steepener and un-inversion. From the September 17 post on the matter:

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Think You Know Gold Stocks?

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Many gold stock traders will hold for the wrong reasons, sell for the wrong reasons, and not buy back for the right reasons

It is one of the most interesting aspects of precious metals investing/trading. This buy/sell for the wrong reasons phenomenon. Many years ago I came up with the graphic below to illustrate how advisers, analysts and their herds focus on the wrong reasons for being bullish on gold miners.

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