Disappointment, thy name is precious metals. Take a look:
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.
Key Support for Gold
Precious metals haven’t basked in glory days since 2011, over a full decade ago. Earlier this year, due to the Ukraine war, gold had a brief day in the sun, but it has tumbled about 15% in the past four months. Precious metals seem to be good for just one thing, and that is to disappoint investors. Our present days would seem to be made custom-created for gold’s prosperity, but the price action says otherwise.
All Things Gold
‘Anti’ Markets
These daily charts are flipped over to a view that is ‘anti’ their normal selves
Whereas I have often referred to the improbably bullish (to many) US dollar as an anti-market, the liquidity collector from the global liquidity driven and speculative mess created by the Fed and its fellows, here is a look at some markets (ETFs & indexes) in their opposite or ‘anti’ suit. In other words, here are some charts flipped over. If the chart is bullish the underlying asset/market is not.
The major risk in my opinion is in the over-hyped inflation trades as inflation signals fade. That means commodities, mainly. But also Materials, Financials and other areas thought to be ‘reflation’ sensitive and highly cyclical.
(more…)Double Nickel
Remember all the zaniness in early March about how commodities were going to the moon, and metals such as nickel were so red-hot that the exchange literally had to shut down so that a short-seller in China wouldn’t blow up? Well, sure enough, the insanity top-ticked the entire market, and it has completely retraced.
