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.

Gold: a Stellar Picture

By -

Gold’s ‘real’ price indicates a fine ‘risk vs. reward’

[edit] Since this article will be distributed to a wider viewership than nftrh.com, where regular readers know I take pains not to hype this most precious ‘value’ asset, take note that a positive risk vs. reward does not mean run out and go whole hog gold stock bull right this minute. Risk vs. reward is a condition, but not a timer. The miners, as of now, are on a seasonal bounce/rally. But with patience, the sector is setting up to distinguish itself as unique and quite bullish in 2022.

As today’s (Thursday’s) market activity shows, the bubble is still in force as US stock markets/sectors generally remain intact (for the most part, with some notable exceptions outside of the headliners, as certain table legs get kicked out). But gold is in a beautiful Cup & Handle structure, as I’ve shown repeatedly (ref. 2022: The Golden Year) since NFTRH began projecting the handle-making in the summer of 2020.

What’s more, gold’s ‘real’, commodity adjusted price has been declining since the overdone 2020 upside as well. Risk is with commodities (and stocks) and reward – with patience – is with gold and when they leverage a future macro, gold stocks.

(more…)

Same Old Same Old?

By -

I was quite intrigued by see an article on ZeroHedge which basically stated that a level had been reached in the stock market which had a 100% success rate for the buy-the-dip crowd. Naturally, I wanted to dig deeper, which is what this post is about. Here, very simply, is the SPY with a 100 day exponential moving average. I have taken the liberty of circling the areas at which, over almost two full years, the prices tagged the moving average, and indeed ZH is right; it worked 100% of the time. (And, if I was king-sized-douchey, I would say “Full Stop“, but God knows I am nothing of the kind, so I shall not type that cursed and absurd word pair).

(more…)