That’s some good chartin’ there…….although personally I’d exit if we got to either of those gaps.
Miners – Told Ya!
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 Miners Tap the Brakes
Time to Buy the Miners?
We are approaching a major trendline, which may offer a short-term long opportunity for both the precious metals mining ETFs.
There Go Commodities
The global economy is heading for the dumper. Don’t listen to Powell. Or Yellen. Or that mincing, preening, caricature Tom Lee. There’s nothing but darkness ahead, and if you want a guide that’s better than Powell’s lying hole, look at commodities. They’re falling because demand is shrinking.
Bond Market, Gold, Yield Curve and the Changes to Come
Bond Market, Gold, Yield Curve and the Changes to Come
While it is far from the only important indicator for the markets, the Treasury bond yield curve (10yr-2yr) is very important because it takes what is probably the most important market for macro signaling (the bond market) and gives us a view into the dynamics between short and long-term yields. In the bond market, duration means a lot.
For one example, long-term bonds are much more vulnerable to inflation’s negative effects than short-term bonds. Short-term bonds also act as a liquidity haven during deflationary market crises. Long-term bonds can work quite well during disinflationary times and pay out better income than short-term bonds, but in a full out deflation scare when the very system (and its exponential debt load) comes into question insofar as you want bonds, you want short-term (in my experience 1-3 year Treasury, T-bills and Treasury Money Market). In other words, relative safety.
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