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.

2022: Still “the Golden Year”

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Gold is following a logical path in 2022

Reference this article posted on 12.30.21:

2022: The Golden Year

Gold has done nothing unusual and in fact it has done as would normally be expected. In February it began to rally out of the base on the daily (futures) chart below. Driven by war (easy on the war, terror and pestilence bull rationales dear gold bugs) and inflation hype, kneejerkers and momos (momentum players) quickly jumped on pushing gold to an overbought high on March 8. The resulting correction is normal and it is healthy. Momos are not allowed to participate in a real gold bull (at least not until later when the bull is obviously blowing off).

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Is the MICE Nearly Done?

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I would like to offer a possibility which I certainly hope is not the case, but I shall put it forward anyway. Here is my so-called MICE chart (which I dubbed, perhaps as a misnomer, Most Important Chart Ever) which is the S&P divided by the prevailing interest rate. I have adjusted the channel to incorporate all the moves in recent years.

(the ratio chart symbols are ($SPX/FR:DGS10))
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