Still from an r/WallStreetBets meme riffing on the 2006 movie 300.
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.
Precious Metals: Time To Move On
The final, six-month performance of our top ten names from August 6th, with three precious metals ETFs circled (Screen capture via Portfolio Armor).
(more…)Gold is So Normal it Ain’t Funny
The metal that Huey digs from the bowels of the earth is fine
You see, with silver out-performing gold (since well before the #silversqueeze promotion), with inflation expectations rising, with cyclical commodities rising, with the government set to panic a shit load more fiscal policy into the economy… gold is normal. It is still unwinding a blow off in fear and angst after the deflationary spring.
Of course the two red towers that mysteriously reversed gold out of a pair of breakouts (of sorts) are of suspect origin. But maybe da boyz was just doin’ da bugz a favor in presenting a great buying opportunity to come by keeping gold on its proper corrective course. The best support area is and has been the low-mid 1700s (with allowance for a spike to the lower trend line).
(more…)Pitiful Precious
Just look at all that green. S&P 500…….up. NASDAQ…….up. Russell…..up. Errr, but maybe don’t look so much at gold, which as of this moment is down nearly $50 per ounce. It has been a total dog for a full seven months now. Total garbage.
Silver Isn’t The Next GameStop
We’re Bullish On SLV
Let’s get this out of the way, before we’re accused of being silver bears: we’ve been bullish on the iShares Silver Trust ETF (SLV) for months. Each trading day, we rank all the securities in our universe by our estimate of their potential returns over the next six months. We base that on our analysis of their past returns as well as options market sentiment on them. We broke down this analysis for SLV in December (Why-Oh Silver). SLV was one of our top ten names in our most recently completed top names cohort, the July 30th one.
(more…)