Since November 2021, gold has been TWICE the performer of “digital gold“, all without the intermittent terror. Just sayin’.
Digital Gold
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 Stocks & Gold/Silver Ratio
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.
(more…)The Bad News Pairs
Each of the seven charts below has two things in common: (1) the patterns are COMPLETE, not speculative; (2) the conclusion of every chart is that precious metals are going to absolutely massacre equity valuations.
Gold Mining Macrocosm Fully Engaged
As Inflation Bugs sell indiscriminately, the gold mining Macrocosm (of proper macro-fundamentals) is engaged
A man sits in the White house. A different kind of man. A man who does not like diplomacy or going along and getting along with his global counterparts. He likes throwing Spanners and Monkey Wrenches all around the macro. There may one day be revealed a positive outcome to this, through negotiations. But on the face of it, nobody wins a tariff war. Least of all the biggest consumerist nation on the planet.
Clicking the graphic will yield the reason that the veteran trader pictured with a pensive, almost resigned look on his face with a sea of red behind him, looks the way he does (they always seem to find just the right guy with just the right expression for the moment). The reason du jour this morning is China retaliation.
(more…)Silver Smash Ahead?
Precious metals have been amazing for years, with gold in particular hitting new highs virtually every day.
