The /ES has blasted over 300 points higher over the past couple of weeks, and it even managed to push slightly past the base of the reversal pattern (horizontal red line). The Trump Optimism reigns supreme!
Wake Up, Little Silver!
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 Bests Stocks!
Miners Short
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.
Precious Vulnerability
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.
Sizzling Silver
My persistent bullishness toward silver is stronger than ever, and the long-term chart looks sensational.
