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.

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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Gold Stocks & Gold/Silver Ratio

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Many gold bugs fail to understand the interplay between gold stocks and the Gold/Silver ratio

Misconception: noun; a view or opinion that is incorrect, based on faulty thinking or understanding

It has never failed. After the blessed 2001-2004 period the “misconceptions” game took over the precious metals as silver took leadership over gold (2004-2007), gold under-performed many commodities and “inflation trades” and the HUI/Gold ratio topped and declined for a long dirt nap, in which it is still snoozing.

That was damage done to the gold mining sector’s internals (even as it continued to rise nominally) by a pervasive inflated macro that was working to the benefit, however moderately, of economies. The HUI/Gold ratio (HGR) declined as it should have.

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