It’s been two decades of pain with interim bullish flashes in gold stocks, and the herds are painfully aware. They’ve learned their lesson and now they’ll miss a coming opportunity
Opportunity in Gold Stocks
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.
Gold Macro Checkup
The gold mining macro fundamentals that matter are constructive and likely to improve in 2023
Real gold mining macro fundamentals matter. A lot. Here is a list of things that don’t matter, or at least shouldn’t matter when considering a bullish view of the gold stock sector:
(more…)Why Gold?
If the decades old bubble in paper assets is ending, that’s why gold!
Various promotions along the way of the Continuum have distilled the case for gold down to handy buzz phrases like “got Gold?” as if it were a carton of milk. Other promotions have presented gold as the go-to asset through all types of macro phases, from “fiat is gonna blow up any day now” to “inflation is gonna eat your future” to “a deflationary Armageddon is on the way”.
Yet all along the Continuum, policymakers papered it over, inflated the mess at every crisis as long as the Continuum allowed.*
(more…)SPX: Pleasure First, Then Pain
The S&P 500 (weekly, log scale) and a few of its risk indicators
I have recently started making videos that tend to be shorter and maybe more to the point than some of my articles, and am gaining a comfort level with this medium, and so here is the latest macro blurb to check out. For we nerds, this stuff is fascinating. Way more so than stock picking, Fed obsession, doom and gloom or bull greed forecasting. Just a market and the indicators informing its forward view.
The overwhelming view I get from this is that Wayne and Garth can party one now, possibly even to the tune of ‘happy days are here again!’… before the real bear market gets going in H2, 2023. For the coming bear trigger we are watching short-term technical levels using daily charts.
Gold Out-Performs
The inflation trades are fading and gold is ascending to its rightful place in the disinflationary macro
The favored NFTRH plan is working out well as we planned the Q4 (2022) – Q1 (2023) rally back in November and as lumpy as it has been, it is intact to this day. Amid the fade in the inflation trades, our projected leadership (Tech and Semi, amid a disinflationary interim Goldilocks theme) is fully intact as well.
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