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.

More on Metals

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Compared to the past three weeks, today feels like a crashing bore. Well, “crashing” probably isn’t the right word for a market that has been going straight up since the opening bell, predicated on the fact that Trump is supposed to………speak! So, I’m sure we’re all quite excited to hear more truthiness.

In the meanwhile, I wanted to share some charts of XME, the metals/mining ETF which I think has a very appealing risk/reward ratio as a short position.

Here it is with the RSI, which is quite elevated:

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Gold, Post-Bubble

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Gold, post-bubble, is a reflection of just how bad things are, and it’s likely to get much worse

My long-held opinion is that gold does little aside from anchor a sound monetary view in a Keynesian debt world gone mad. For decades, as the Keynesian way (credit/debt leveraged for growth) has been THE way, it has come to be taken for granted by the masses.

Hence, the pervasively accepted notion of a centralized monetary authority that manipulates interest rates – thereby manipulating money – in service to micro-managing an economy that should be left to its own natural devices (a quaint and seemingly out of touch notion, I grant you).

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