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.

Copper/Gold at Epic Decision Point

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Copper/Gold ratio teases cyclical inflation bulls and bears alike, but…

…it’s going to break one way or the other soon enough.

If you value gold’s standing in relation to industrial metals as a key market/financial/economic indicator as I do, then you view the ongoing consolidation in the copper price to the gold price as a key indicator (among several NFTRH tools) going forward.

I cannot make the macro do what I want it to do, but I sure can be super interested in an indicator that has made several false moves to the positive and negative sides in 2021 as we head into a year of changes to come (one way or another) in 2022. Cu/Au is making less and less volatile spikes and drops as it is currently pinched between the converging daily SMA 50 and 200.

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Golden Option-tunity? (by Moneymiser21)

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Got Gold?

Five golden rings perhaps?

No this is not the fifth day of the 12 days of Christmas carol, but the first day of an historically bullish trading opportunity for metalheads’ favorite precious shiny.

Since the introduction of GLD back in 2004, the ETF has seen a 13-4 record of bullish closes in the December to January OpEx period (i.e. First open following the close of trading on the 3rd Friday in December, through the end of trading on the 3rd Friday in January).

Now let’s compare that to the overall record this century for the underlying gold futures contract.

Since 2000 the gold futures continuous contract for the same December to January OpEx period has shown a 16-5 record of bullish closes.

In both cases, that’s a greater than 75% odds of a bullish close.

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This Is Why I Stopped

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I admit, I had a tiny bit of envy this morning when I saw gold rocketing higher, because there’s a soft spot in my heart for the stuff. But, over the years, that soft spot has become much harder since gold seems to do one thing well: DISAPPOINT. And, sure enough, as I glance at the updated chart for just this one trading day, that jealousy has completely vanished. Some things never change. Gold can only suck, no matter how it tries.

gcgol