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.
The big ETF for precious metals miners, GDX, has a very interesting relationship with the red trendline shown below. For years it acted as resistance (red circles). Late in 2024, it reached escape velocity and broke above this powerful level, only to slip beneath it again recently.
Just one glance at the GLD and SLV charts and the topping patterns I’ve tinted compel me to hold off – -maybe even for months – – before getting serious about going long.
My persistent bullishness toward silver is stronger than ever, and the long-term chart looks sensational.
Only days ago, Bitcoin crossed above the meaninglessly but psychologically important $100,000 level with great fanfare. Social media was buried in a wave of posts declaring that $250,000 would be “easy” and $1 million achievable since, let’s face it, $100,000 is 10% of one million. I watched BTC play jump rope with $100k all weekend, and it’s finally sinking away. I think the crypto freaks kind of shot their wad with this one.
Just about the only asset I can point to as something I’m enthusiastically bullish is silver. I’ve written about this many times, although its behavior over the past several months has been frustrating, as it has meandered aimlessly in the lower 30s.
