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.
The Dollar Is Set To Rise (by BKudla)
Oil Readying for More Downside? (Paulenoff)
As of this moment, my optimal scenario for the nearby NYMEX oil price calls for a period of stability and/or a recovery rally that grinds into the 80.50-82.00 resistance area prior to another downside pivot that presses the price structure to new lows beneath 75.71 on the way to 70.00-65.00 thereafter.
At the risk of missing such a downleg in the absence of the anticipated recovery bounce, I will watch from the sidelines for a while longer prior to deciding if I should commit funds to a short position — in the ProShares UltraShort DJ-UBS Crude Oil (SCO) — into NYMEX price weakness (though always a hazardous strategy to short oil into weakness).
That said, only a rally that sustains above 82.00 will neutralize the imminent threat of another plunge in oil prices and the U.S. Oil Fund ETF (USO).
Originally published on MPTrader.com.
Gold is Getting ‘Fixed’
Dear SOH, hi, it has been a while. It was no use writing on the blog of a 'gold hater' like Tim 😉 and puffing up my plumage as the barbarous relic soared toward $1900/oz. It is much better to do so during some serious carnage and questioning of the 'play'. A deflationary event that I expected in the summer of 2010 (until the primary indicator, a gently bottoming gold-silver ratio {GSR}, was blown up by QE2), is finally upon us, complete with an impulsively rising GSR, which has broken out of a strong resistance zone we had been watching.
Hedging Update
Looking back at an optimal put hedge on GLD
In Tim's after the close wrap-up video Thursday ("Fire, Walk With Me"), he noted how precious metals had fallen out of bed recently. Below is a look at what happened with an optimal put hedge on the gold-tracking ETF GLD Thursday. Then, a preview of an idea for timing when to roll options. First, though, a quick reminder about optimal puts.
