It’s very interesting to see what’s going on with gold miners these days. The triple bearish on miners fund, symbol DUST, broken its bullish triangle a little more than a week ago, and it’s been obediently below its now-broken trendline. I view this as bullish for miners in the weeks ahead.
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.
It hasn’t exactly been a newsworthy, awe-inspiring day, so I went through my fifty ETF charts and plucked out eight I thought were worthy of a few words. So here we go (click on any for big version):(more…)
Those of you who have been on Slope for a while probably know that I hold no affection for consumerism. I agree with Thoreau that “the mass of men lead lives of quiet desperation”, and my view is that men – – and, God knows, women – – try to extinguish that desperation by plunging themselves into debt to buy crap that they don’t really need. It’s simultaneously pathetic and revolting.
Buying stuff ceaselessly has become the American Pastime, and this “lifestyle” is a vapid emptiness we have successfully exported to China, Japan,and all around the world. We are now a globe packed with insatiable consumers, always looking for the next shiny thing to distract them from an existence that would torment them if they deeply examined it.(more…)
Let’s thumb through a smattering of ETFs before Wednesday’s open. First up is Mexico (EWW), which has broken its intermediate term uptrend.(more…)
Another post thoughtfully composed from the 3 square inches provided on a Southwest Airlines seat. Here we go! This one is focused on Exchange Traded Funds.
First up is gold, by way of GLD, which is in sorry shape (a particular fixation of fellow Sloper TNRevolution). I’d say gold is on a pathway to weakness, which is probably baffling to those of us staring at the $23 trillion in US debt and infinite QE, but there you have it.(more…)
Just about the only outlier in this stocks-go-up-no-matter-what market continues to be the consumer staples fund, which quite clearly has broken its wedge and is threatening a sustaining downtown. Seems like science fiction, but………honest!