Hats off to you precious metals fans, as gold continues to strengthen, suggesting that maybe the US dollar isn’t the stalwart store of value that one would have hoped.
Gold Flying Higher
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.
As the Stars Align for Gold Stocks
Gold stocks are among the most hated equities in the stock market, but that will change as the macro shifts in their favor for the first time since 2001-2003
It is the nature of the masses, the majority, the consensus… the HERD, to follow the trend. It is a lot easier to swim downstream than to fight the current. Just go with the flow. And from a US-centric view the flow has, with a blessed interruption from 2001 to 2003, been inflationary monetary policy free flowing into asset markets as needed and on demand at every point of financial crisis since. Armageddon ’08 and the COVID crash were two primary examples.
In Gold Terms
Not to get all Dennis-Gartman-y on you, but I find these ratio charts of equities divided by gold to be intriguing. Here we see the Dow Jones Industrial Average divided by gold futures. It looks to be about 80% done with what might ultimately be a really magnificent, rounded top.
Going……Going……..Gold!
The one and only asset whose ascent I cheer continues to break to lifetime highs. Hurray, killer of central banking! Do that thing you do!
Key of G-Miner
Given my renewed enthusiasm for gold, I thought I’d go through my 48 charts of gold miners and pick out some favorites. They are below, but I’ve got to tell you, they are NOT great. It’s puzzling to me that such a promising sector has such lame-looking charts, because honestly, there isn’t a single one of these that’s slam-dunk amazing. They’re pretty much “B-“, but if gold rockets, I suppose they’ll all get dragged along, and I might as well show the ones that appear to be the most promising.
