Let’s just say I’m hoping the freakin’ US dollar can finally respect its superb bullish cup with handle formation. Yes, bullish. Me. Bullish.
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Isn’t That Precious?
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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.
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Q4-Q1 Rally Led by Miners
Copper and Gold miners are leading the Q4-Q1 rally in broad asset markets
Back in October we began to plan the prospect of a relief rally that would be fueled by over-bearish sentiment (contrary bullish), ‘Fed hawk’ relief as we anticipated inflation signals to ease, and a post (mid-term) election seasonal pattern that is bullish for stocks. This public article had a lot to say about that on November 10th:
(more…)Precious Pressure
It took a couple of days, but precious metals finally seem to be succumbing to logical resistance levels.
XME for the Long Haul
Given this very long-term relationship of XME and GDX, it seems highly probably that XME will be much lower a year from now than it is presently.
Precious Peril
This is a very strong day for asset prices, with basically anything that has a ticker symbol being in the green. I’d like to direct your attention to precious metals, which have been soaring for over two months now. First, I’d like to point out that gold is approaching the underbelly of a trendline, which may prove to be an important inflection point of resistance.
