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.

An Old Miners Prediction

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I was looking for a spreadsheet document just now when I saw a file on my hard drive called “GDX Prediction”. I was intrigued and I opened it up. It looked like this:

0401-spread

I couldn’t really tell what I was trying to get at, except that it was obviously some kind of analog, but I noticed that the final price level I predicted from nearly a year ago was $37.31; I glanced at the quote for GDX…….

0401-quote

Hmmm. I took a look at the date stamp on the spreadsheet (it was from May 11 of last year), and I dug through the calender archive of Slope, and I managed to find the post, which is right here.

So, errr, I guess this prediction worked out great, although I sure wish I had some more context! I’m as bearish on miners as ever, as most of you know.

HUI as Road Map

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In an earlier post I pulled the old HUI 888 skeleton out of my closet.  888 (AKA the 3 Snowmen) was a target measurement based on how the chart looked in 2010.  It can be liberating to take your worst call and publicize it for the world to see.  They tell me that you sell a lot of newsletters that way too :-) .  All market geniuses should try it once in a while.

Kidding aside, it can be a lesson in learning from mistakes.  Can this chart tell us anything of value today?

hui

HUI monthly chart (through 2010)

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If It Ain’t Broke Don’t Fix It (by phantomcapital)

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Back on January 16th I wrote a post titled "The January Effect" simply stating that the beginning of 2013 looked absolutely identical
to the beginning of 2012.  Given the
selloff over the last week I wanted to go back and see if the 2012 analog was
broken and if it was time to wave the "all clear" flag for the
bears.  Bottom line, the analog is in
full effect and it looks like the bulls have another full month of smooth
sailing ahead.  Again, I'd like to
present the technical analysis via charts with numbers (the numbers are
markers, not wave counts).

2012


$SPX Daily 2012


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My First American Car

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I've been buying and driving cars for twenty years now, and I have steadfastly bought Japanese, German, and Swedish cars. I have always had a deep disdain for the design and features of American automobiles, and the only times I've been forced to drive them – – – during rare business trips by way of rental cars – – my negative feelings toward them were only strengthened.

The spell is broken, however, with my new Tesla. I put the reservation in on this last year, and I picked it up today at the factory (after receiving a full tour of the place). Here's a fun fact: when General Motors went into bankruptcy in 2008, they did a fire sale of the huge auto plant in Fremont. The land and physical plant were on the books for $1 billion. Tesla bought the place for $42 million. How's that for a great bargain?

So here is my new all-electric, ungodly fast vehicle:

0218-car

Of course, it's more of a computer that comes with a car rather than the other way around. I'll be able to stay on top of things no matter what:

0218-slope