A simple but fascinating chart of these two highly-correlated items. It’s interesting how badly mining stocks have lagged the metal itself.
Gold and the Miners
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.
Silver’s Salvation
Well, folks, it finally happened. That triad of drawn objects that represented resistance for silver (by way of SLV) has been shunted aside. This will do nothing but helpful the bullish cause of precious metals. This is big news.
Go, Go, Gold!
Following Gold Stock Leaders
Gold stocks have led the market for a year, and with economic deceleration and Fed policy response that leadership looks to continue [note: Friday’s ‘in the bag’ bounce-back Jobs report does little to alter the economic deceleration theme]
We have been on a bullish gold mining view for over a year now. Over that time there have been three interruptions, the downward-biased consolidation from August to November 2019, the flash crash (and very constructive gap filling mission) in March and most recently the pullback that logically began in May as broad stock market relief started to fan out to more and more momentum chasers who’d finally gotten the hint that the Fed means to devalue the US currency (in competition to a degree with its global counterparts seeking to do the same), making cash a non-viable investment position (other than for risk management to the bullish asset market atmosphere).
(more…)Juniors Pre-Launch
It has been a fairly decent week for gold, although it can’t seem to really get firmly launched above $1800 and stay there. All the same, miners are looking quite good, particularly junior miners; here is GDXJ:
