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.

3 Snowmen & Precious Metals

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Two segments excerpted from the January 25th edition of Notes From the Rabbit Hole, NFTRH 899

The 3 Snowmen

Long-term subscribers may remember the 3 Snowmen. The HUI measured target of 888 I had back in the 2010 time frame. It was a simple measurement of the crash and recovery pattern of 2008-2010. As a TA, that is often what I do; measure things.

Well, in a fine lesson about being open-minded, Bernanke’s cyclical inflationary emergency operations altered the macro and croaked my target for the counter-cyclical gold sector. Mr. Fat Head (H&S) formed and that was that. The dawn of a terrible bear market, 888 just fantasy unfulfilled.

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Mega-Metals

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Slope is approaching its twenty-first birthday, but I’ve got to say, across those twenty-one years, my ratio charts related to metals are probably one of the best calls ever made here. I would not shut up about those things, and although it took months of grinding away for them to take off, once they took off, they just wouldn’t stop. This morning, for example, silver is up yet AGAIN to lifetime highs:

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Torched Portfolio

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As of this composition (Sunday night), gold and silver are both blasting to lifetime highs yet again. Silver is particularly strong, up about 7%. I didn’t realize this, but there’s an ETF out there called ZSL whose sole purpose in life is to let people take advantage of any weakness in the price of silver. as you can see from its chart, it has been an incredible cash destruction machine.

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P-Letter Metals Rally

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Many times starting in 2021, and reaching a fever pitch late in 2024, I wrote loving missives about gold, silver, and – – later – – palladium and platinum. It’s those two I’d like to highlight with this post, as they are both rallying mightily this morning. Below is the chart of palladium /PA over the past few years, with its exquisitely formed rounded bottom followed by a series of lurching, forceful rallies.

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