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.
Here are some possible bear flags in the making, compliments of the precious metals sector. These are weekly charts and the flags may not yet be mature. Indeed, we have been managing a would-be rally by the miners off of the capitulation low of a couple weeks ago, and that is still in progress.
Excerpted from this week’s edition of Notes From the Rabbit Hole, NFTRH 235:
Is Gold as an Investment Finished?
Before delving deeper into that question, perhaps we should see what the mainstream media thinks. In fairness to the MSM, we note there are plenty of articles on both sides of the debate. Yet there has been some media piling-on since the recent hard breakdown in gold. The aptly named Howard Gold explains:
The Case for Owning Gold Has Collapsed; Yellow metal could be headed much, much lower http://is.gd/h5KW6v.
Gold could be headed not much lower, but much much lower. This was written on April 18, when the value assigned to the monetary relic (AKA its nominal price) resided at $1391 per ounce. So be warned, Mr. Gold advises that gold could go much much lower. Gold bugs take heed; Mr. Gold himself has put the double ‘much’ whammy on you! (more…)
That was the question I asked myself after being 100% cash into the last hour yesterday and seeing the bottom fall out on the gold stocks once again. Classic trading methodology teaches that you do not try to catch a falling knife. ‘Screw classic trading methodology’ thought I, ‘I’m taking some positions’, which ended up being in the gold and silver bullion fund CEF (now selling at a discount), a few individual items I consider to be of relative quality and the leveraged NUGT in a high risk trading account. (more…)
The last week has been a fright fest for the gold “community”. But these are the financial markets, not a community. There is a world outside of what ever is going on in gold and silver. A macro economic backdrop filled with entwined and correlated assets and markets all trying to form a message when taken as a whole.
Sure, gold – as a monetary metal – is a big one when it comes to macro indications, but what is really important is the great question that has been ping-ponged about for many years now between intellectuals on either side of the debate; inflation or deflation? (more…)
How about you Beuller? Yes you, who takes seriously the Fed’s ability to engineer financial markets and economies. The charts tell first.
The Semiconductors told us (we who were willing to listen, anyway) a couple months ago about an oncoming economic bump. Then the Canaries stopped singing.
Then we referred back to the big – secular – condition of economic contraction as indicated by the ‘real’ price of gold. Real Price of Gold – Things are ‘This’ Far From Changing.
And that brings us to this morning, and a lame 88,000 jobs in March. So this is good for our Dear (Monetary) Leader. It lends implied support for his systematic and ongoing bailout of the banks. It’s the Banks, Stupid.
All is as it should be here in Wonderland. I wish the bull wiseguys and their ‘organic’ economic recovery the best. Biiwii.com
