Viewing the gold price in a vacuum, some may think there is a bubble in gold, but that is far from the case
The gold price is, after all, doing this…
A Bubble In Gold? Hardly!
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.
Live at The Palladium
Good Lord, it’s the end of the week already! It seems to have flown back in the blink of an eye. I actually like weekends even less now, because I’m having such a ball with this market.
Supercharged Silver
Silver has been climbing strongly, albeit awkwardly, higher for years at this point. What’s particularly interesting to me is how the volume of the PSLV ETF has been pulsing higher as well. My relationship with silver is, let’s say, complicated, but I’m still a bull and a booster!
Metal Crash
Remember the XME/GDX ratio chart I’ve shown you about eight million times for the past year? It’s doing beautifully.
2001: A Historical Odyssey For Gold Stocks
One chart shows the details of an important historical analog for gold stocks
Through many years of frustration among gold bugs due to the failure of gold stock prices to leverage the gold price in a positive way, there were very clear reasons for that failure. Reasons why it was not only logical, but probable that gold stocks would continue to under-perform vs. their product.
The primary driver to gold stock under-performance was a new era of ever more monetary (Fed) and fiscal (Government) policy meddling that began in 2001 and probably blew off in the inflationary panic of 2020. I called it the “Age of Inflation on Demand“.
(more…)