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.
Update on Gold Ratios
Updating gold ratios to other markets using associated ETFs
Sure, gold is a pretty and heavy object that people fall in love with (and express their love with). But it is also a primary market indicator here in NFTRH land. When it rises vs. cyclical ‘risk’ markets it implies rising risk in those markets. When it rises vs. inflation sensitive markets, it implies waning inflationary pressure. Generally, when gold rises in relation to markets and assets positively correlated to the economy, the indication is for a counter-cycle, an economic contraction.
Here’s the most recent snapshot by daily charts.
(more…)Gold Flying Higher
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.
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.
