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 Suppression or Confidence?

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Gold price suppression is the excuse du jour for its lack of relative performance; but that is not the reason

First let me get this in print up front; the gold price (like most/all markets) is manipulated in different ways. It can be talked down, it can be subject to paper buying/selling that does not bear resemblance to its street value (per the supply/demand dynamics of the physical market), and it can be subject to misguided mass emotions, both on the upside and downside. All markets are manipulated in one way or another or stimulated by mass emotion. For example, every time a Fed mouthpiece opens its orifice and the market reacts, it is manipulation by definition.

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Inflation Bugs Puking

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The April PPI report continues the disinflationary theme

The April PPI report came in to the disinflationary side, and as a side note unemployment claims jumped to the highest level since 2021. And inflation-centric goldbugs are scattering out of the inflation stuff, a label the majority of them wrongly assign to gold and worse, gold stocks. I just wish I could set my watch by these herds because then I’d sell everything and await the inevitable opportunity they produce.

However, on this cycle I have been much lighter on gold stocks than I will be when the next buying opportunity comes as the inflation bugs scatter amid accelerating real fundamentals *, probably amid a deflation scare if NFTRH’s existing theme, to which I strongly considered an alternative last weekend, manifests. But as yet, no Dedollarisation as USD holds support after the weak inflation data this week.

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