It’s not just gold and silver that appear to be starting new cyclical bull trends, it’s commodities across the board. Could this be the start of another 2009-2011 type run? The evidence is compelling.
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.
A Dollar and (My) Two Cents
Quite a Friday we had last week, huh? Upon checking my “End of Week” Charts, I noticed some interesting behaviour and thought I’d share my observations. Last weekend sometime, I shared a weekly chart of the US Dollar and that it was approaching its 20 week MA. I use the 20week and 20day moving averages as basic bull/bear filters. I’m only bullish on stocks that are above both and I’m only bearish on stocks that are below both.
I find this makes for an easy and efficient filter. I thought that the US Dollar had reversed short of the test until I saw it after the close Friday and realized it had tested the 20week MA exactly. Take a look. (click any chart for a larger size version)
Next Mover: Inventory Report
It’s been another everything-is-grinding-higher (except gold, of course) night session, although crude has lost some of its earlier verve after yesterday evening’s API report. The next “event” is the weekly inventory report from U.S. Energy as we approach the $50 mark. The outcome of this report will help determine whether or not I decide to pursue one of the exciting work-at-home opportunities on the Internet we see in comments from time to time.
Orange is the New Black
Hello from black-as-tar Palo Alto this morning. I am pleased to see oil finally, finally, finally weaken, down over 2% this morning.
