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.

US Dollar Index Hanging Tough

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The DXY updated……..

I and NFTRH subscribers have been keeping well aware of the implications of a) USD following its daily chart downtrend, or b) painting the July plunge as a bear trap and going bullish again. We’ll leave the detailed implications aside in this post and simply note that the process is still evolving.

From this NFTRH+ video update (now public), that projected the up move on July 19:

USD can break through it [clear resistance at the time, now support] and test the SMA 50 and still remain in a downtrend.

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Gold Stocks: Nothing Special

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In the current macro setup, gold stocks are nothing special (yet)

They are at it again. Articles catching on to the US dollar breakdown are appearing in the smaller media (e.g. blogs and websites that are ‘perma’ pro-gold, anti-USD, anti-stock market, pro-financial Armageddon, pro-emotional “analysis”), where the thickest bias and dogmatic views are aimed at less experienced investors through emotion.

Yes, gold is bullish. It has actually been bullish on the big picture since it took out 1378 (what NFTRH had targeted as the “bull gateway”) back in 2019. That began the next leg of the ongoing bull market that began in 2001. Yes friends, gold moves slowly. And why shouldn’t it? Bubbles, like the grand one that is still alive in stocks, move faster. They move faster on the upside and boy do they move fast when they burst.

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After the Yield Curve Inversion

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As the 10yr-2yr yield curve inversion plays out, the time is coming for a turn in fortunes

Before proceeding, I’d like to remind you that this article is not written by a perma-bear. It is important to have credibility and indeed, NFTRH planned for a potential humdinger of a bear market rally back in Q4, 2022 based on the inputs of then extremely over-bearish sentiment, the bullish mid-term election cycle (which on average projects bullish for a year, post-election), a coming fade in inflation signals (with the attendant hopes for a softening Fed) being its primary elements. Here is one post discussing the rally in November, 2022.

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Gold Miners on Schedule

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Gold miners continue to correct per projections as GDX drops toward a buy zone

The gold and silver Commitments of Traders, as tracked each week in NFTRH leading into the correction, indicated a potential for a coming decline in gold, silver and the gold miners. A correction, not the end of the bull phase by this sentiment measure. CoT was overdone, but not extreme to a bull killer degree.

This as the macro fundamentals had been positive since late 2022 and gold miners’ technical situation bullish, but in doubt as to the ability to continue upward in the near-term.

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Gold Suppression or Confidence?

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Gold price suppression is the excuse du jour for its lack of relative performance; but that is not the reason

First let me get this in print up front; the gold price (like most/all markets) is manipulated in different ways. It can be talked down, it can be subject to paper buying/selling that does not bear resemblance to its street value (per the supply/demand dynamics of the physical market), and it can be subject to misguided mass emotions, both on the upside and downside. All markets are manipulated in one way or another or stimulated by mass emotion. For example, every time a Fed mouthpiece opens its orifice and the market reacts, it is manipulation by definition.

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