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.

My Biggest ‘Fear’ For Silver

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While we were prepared for last week’s run in silver in our service on ElliottWaveTrader.net, many are only now suggesting to buy into the metals after missing the last 10%+ move up in silver. Yes, that is what happens so often in financial markets. Markets go higher and people want to buy more the higher it goes. Yet I was getting a lot of pushback when I was suggesting people use price levels below 15 to accumulate silver holdings.

What strikes me as odd is that in every other aspect of your life, you are in search of “the deal.” If you want to make any other type of purchase, you invest a lot of time in finding the best or lowest price you can find out there in the market. Yet, that is not what happens with most investors in the financial markets.

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Precious Metals Big Picture, as Silver Gets on its Horse

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While many are talking about major new bull markets in gold, silver and the miners I find it safer to set realistic goals within a still very bullish outlook. After all, we became bullish in November, had to retrench due to over-bullish sentiment and fading fundamentals in February (both situations linked here) and then have been back in the bull seat since the gold stock launch as noted on June 3rd.

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Timber!

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Rev can talk about something other than gold? Yes, yes he can… When’s the last time you looked at lumber prices and their implications on interest rates? There’s a correlation? Yes, there is.

First, let’s take a long term look at lumber prices. Below is a ten year chart of lumber prices. From their early 2009 bottom at 137.9, lumber prices rose steadily, but not dramatically for the next few years. However, after their 2015 bottom, lumber would start a three year rise that would culminate in their 2018 blowoff top at 648.5.

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