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.
Right off the bat, I want to make sure a couple posts over the weekend don’t go unnoticed by those of you who just read Slope on weekdays……..
Generally speaking, everything but bonds and oil are up this morning. Gold has had another strong session, up about $32 as I’m typing this, and up nearly $200 during its recent uptrend.
Better yet, don’t avert your eyes. You need to see this. The pictured Amigos seem of a different, more innocent time. See their wackiness. See them smile. See them full of life.
But each Amigo, especially Amigo Ag and Amigo Cu, look like they were bracing for something in this picture. Amigo Au is just charging forward, blissfully unaware, although he too has got some minor issues. The macro Amigos are in a chain that goes like this… Au → Ag → Cu. Counter-cyclical gold with limited industrial utility, semi-counter, semi-cyclical silver and completely cyclical copper.
(more…)Peak Oil? That was an obvious and widespread promotion while it was in play and did not fool anyone who bothered to step aside from the herd that ran with it.
Peak Terror in broad stock markets? Well, that I don’t discount so readily because this is a system that was a debt-bloated accident waiting for the trigger that turned out to be COVID-19. Terrified casino patrons will pray that the Fed’s bullets are not duds because that is the only way out. That and the still-intact mass confidence in the Keynesian debt scheme that the Fed operates within.
(more…)Below is a monthly chart of HUI telling some stories of the past.
I never thought I’d be so happy to see strength in the market.
Let’s take a quick look at a few charts, with some thoughts on each.
As I was mentioning in the last post, I had, two days ago, declared a target for KBE. We hit it (green tint) and bounced. I went long KBE when it was hit hard. We’re not out of the woods yet, but so far, so good!
It seems to me the selloff in the gold sector is healthy, and simply a small move down in the context of a broad bull market. Here are a couple of charts to bolster my claim:
