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.

Who Are Those Guys?

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As the silver CoT report data systematically, almost robotically degraded into the September 2012 top (despite the seemingly bullish coming of QE3) NFTRH used to ask week after week “Who are those guys?” doing its best Butch Cassidy while evaluating the gathering short interest.

Below is the CoT graph from NFTRH 203 dated September 9, 2012. Week after week ‘those guys’ were ganging up on silver and we all know what soon happened; a harsh bear market down leg for the precious metals. (more…)

Gold’s Value is Not About Currency Collapse

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NOTE FROM TIM: For those of you who haven’t voted in my poll yet, please do so by clicking here! I really want your input. As for everyone else, I really, really, really appreciate all the comments and emails. I’m going to go through every comment carefully this morning and write up a “Response” post today with my thoughts. But I wanted to get a real post up and get my poll off the top of the blog – – but, again, if you haven’t voted, please do so. Thanks again, everyone!

This article at Hard Assets Investor talks about Jeff Gunlach’s bullish gold call for 2014 and uses Dylan Grice’s 2012 call as an example of how the end of the world (i.e. gold’s safe haven value) can be put on hold indefinitely.

Is Jeff Gundlach’s Bullish Gold Call Too Early?

So is Gundlach wrong today? Grice wasn’t necessarily wrong in 2012. What he called “the largest credit inflation in financial history, a credit hyperinflation” has instead rolled on…taking asset prices higher and crushing interest rates. But it hasn’t, as yet, hit the value of money itself. (more…)

Precious Metals Observations

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  1. This is the first time in a long while (that I can remember) that the goons have not absolutely pummeled the precious metals after FOMC has baffled us with their bullshit and moved along. Then again, CoT has implied that the right goons have been on the precious metals side lately, especially in silver.
  2. Certain precious metals sector big picture technicals are becoming very bullish in affirmation of the big bottoming pattern (HUI) that NFTRH had on radar well before it became ‘known’.
  3. It sure was entertaining watching the ‘new lows coming in July’ brigade scatter and flip a switch to bullish a few days ago. Look at former darlings DUST and JDST now.
  4. Take a look at silver’s weekly chart.
  5. Take another look at silver’s weekly chart.
  6. Take a look at silver vs. gold, it’s over bought.
  7. Take a look at HUI vs. gold, it’s over bought.
  8. And both of them are highly constructive toward our longer term bottoming pattern, although over bought is over bought.
  9. Have balance.
  10. Have patience.
  11. Don’t try to make up all your losses (if you didn’t take risk management measures in the bear market) in a day. It’s not gonna happen.
  12. Things are changing and the dynamics coming into play just might mean more dynamic money making opportunities going forward. Opportunities to alternatively grow and preserve capital. This is what we wait for people.
  13. Gold is monetary value. Always was. Nothing more. Tune out the pumpers, who will now grow more vocal.
  14. But the associated speculations… now those can be fun. If/as the bottoming scenario solidifies, it could be an extended phase where speculation works well.
  15. Did I mention that the sector is getting over bought?