For the moment, it looks like silver and gold have managed to stay above their support levels. I’ve tinted in green below that level which has been successfully challenged four times already. Everything above the green looks like a small reversal pattern, but if the gold bugs can get a rally past $124, that becomes a moot point.(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.
From a post on gold and silver on Tuesday…
Very simply, if it’s an H&S it’s a minor one with a target to the SMA 200 or short-term lateral support. Gold has curled back up to test the underside of its SMA 50. A takeout of 1310 and then the March high could put yeller back in business. Otherwise, don’t personalize it. A test of the SMA 200 would be normal.
The H&S was not my thing. I tend not to get overly excited about short-term patterns and surely do not announce them far and wide to stir people up. It was a product of the gold community, some members of which have been flipping in head spinning fashion between bullish and bearish views. I note it again because I don’t want that stink on me. The upside and downside parameters above were my stuff.(more…)
Greetings from Revolution headquarters! I am excited to be back in the friendly confines of Middle Tennessee, after a week of travels. The faithful Reverend of Tennessee has heard your cries, and is ready to take a look at our favorite shiny metal.
The gold miners have enjoyed a solid, albeit tempered, uptrend for the past seven months. After a rough end to this week, I started to hear the fear-mongering begin from the corners of the Slope. Oh ye, of little faith. As we enter a new month and quarter, come walk with the Rev and let’s find a way to profit.(more…)
Okay, now I am getting geeked out. One of the most fun and rare times in what I do is when something big happens that I feel in my gut means something, but about which I am not able to come forth with a ready explanation of the meaning (without sounding like a know-it-all blowhard). It’s time to put the thinking cap on and to reference my wealth of experience (that’s another way of saying I am old) and try to figure out meanings going forward.(more…)
As fractures and fissures appear in the life cycle of USD fiat, Gold looks to be beginning its third bull market in 50 years.
To profit from the rise in Gold, perhaps the best way to invest is through mid-tier and junior mining companies.
An investment in popular GDX may seem the obvious [and easiest] choice, but for superior gains it may not be the best. Others who have done the 10-Q and 10-K research to vet the numbers, conclude that the largest gold miners face serious challenges of growing production, which is fundamentally linked to company growth and thus stock price.(more…)
He goes off on the evil (and I do mean evil) genius, John Maynard Keynes before moving on to his usual gold and silver supply/demand fundamental report.(more…)
One problem for the gold stock sector was highlighted here and here evidently a little too obnoxiously for the liking of some bugs. The problem was the aggressive bullhorn sounds emanating from every orifice of the gold community the minute the charts broke upward into an obviously bullish technical state.(more…)