Spiking used car prices helped drive the increase in inflation.
(more…)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.
Good Gold, Ya’ll
Precious Little
Although gold seems to have made it its specialty to stumble and fall persistently during the past eleven months. I haven’t lost faith that the little fellow will eventually wake up to the fact that the trillions of dollars of toilet paper flying around are not as nice to own as the ancient precious metal.
From a chart perspective, it honestly just needs to do one thing: get above that price gap.
Powerful Paper
I have long held that gold would be driven by USD/JPY, and at the start of this calendar year, it was looking very promising for gold, because the US dollar (one kind of toilet paper) was becoming more worthless than the Japanese Yen (another kind of toilet paper). I’ve marked this point with a green arrow. However, the US toilet paper has appreciated handsomely against the Japanese variety, so much so that a bullish breakout has transpired (green circle).
