I would like to humbly propose that this is all she’s got.
Commodity Exhaustion
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.
Chop & Grind: Gold, Stocks & Commodities
Whether the market is foreign or domestic, equity, commodity or metal the grind is on. Speaking of grind, the one in gold has been expected as the metal builds out its big picture Handle to the bullish Cup with an objective that is much higher. Let’s take a look at a few NFTRH charts to gauge the grind in several markets and by extension, the grind many feel on their nerves these days. It’s not a time to make money. It’s a time to preserve gains and patiently position.
For gold the grind would be the making of a Handle after the Cup’s key higher high to the 2011 high.
Liquid Lumber
Sloper (and beloved Gold member) “Violet” posted a chart into SocialTrade of a stock I had forgotten all about…………Lumber Liquidators (symbol LL). Indeed, it’s got a spiffy little topping pattern in recent weeks:
Commodities with a Zero Base
Below is a chart of DBC, the commodity ETF, over its entire lifetime. I have taken the unusual step of making the range of the Y-axis extend to $0 to illustrate more plainly the prospect for lower prices as the third instance of overhead supply takes hold.
