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.

Proven Wrong, Academics Take 3rd Stab at Gold

By -

Harvey & Erb, they of the Golden Dilemma, once again promote a story that only an academic would stick to years after being proven wrong

They back, ole’ Harvey and Erb. First there was the Golden Dilemma in 2012, where they predicted $800 for the gold price (it made a low of 1046 in 2015) based in part on its lack of effective inflation utility (well, they were at least half right, sort of).

Then came the Golden Constant as I highlighted in 2019. Again applying faulty assumptions from the rarefied air of academia, they state:

(more…)

Gold is a Counter-Cyclical Anchor

By -

As inflation signals moderate and Goldilocks gets pumped, gold is forecasting something more virulent for Q4 – H1, 2025

While this is not an article about gold mining, it is an article about the counter-cyclical economic backdrop ahead that gold is forecasting, and a reminder that the gold mining industry is counter-cyclical and due to leverage gold’s macro relationships in a way that it could not during long inflationary trends.

Since projecting a Goldilocks (inflation not too hot or cold, but just right) flavored market recovery to be led by Tech/Growth stocks well over a year ago that is exactly what came about, with an interruption by the recent bump up in macro inflation signaling, which we also anticipated in advance (due to Treasury yields bottoming and various inflation signals beginning to percolate). But that was expected to be counter the trend toward an interim deflationary liquidity problem for the markets.

(more…)