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.
Pall Joey – Whoosh!
This evening, palladium briefly sold off hard, then just as suddenly, it rocketed higher. As of this moment, it’s up almost $100 per ounce and over 5%, extending what has been a sensational run in my best chart call of the year.
Project UFO
One of the hottest sectors right now is anything to do with space and satellites. Think of it as an expression of the frustration people have that SpaceX isn’t public (but purportedly will be next year). Below is an ETF that covers that rocket-related outfits as well as three of its more interesting components.
Santa’s Shiny Ornaments
I have been enthusiastic about precious metals for years. There are a couple of reasons why I was able to defy my own instincts to just short everything in sight and make a special exception for precious metals:
- I wanted to do whatever I could to get away from being labeled nothing but a permabear, so I wanted an entire sector for which I could be a cheerleader;
- I perceived the success of precious metals as a hearty poke in the eye to central bankers around the world, so philosophically it was a very agreeable position.
I just randomly jumped back a couple of years to offer up a tidbit of evidence that I loved precious before loving precious was cool, and I found one not very subtly titled Go Go Gold in which I state how bullish GDX and GDXJ look. They’re up about 250% since then. Not bad!
(more…)The Rivian Gap
My RIVN long is doing dandy, but I wanted to at least give a heads-up to an important resistance point in the form of a price gap formed between the last day of 2023 and the first day of 2024 at $23.10. To me, that seems like a good price target (or just below it).
