The boys in Gainesville have hammered out what seems like a sensible pathway lower:
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.
Three Compelling Charts
Our friends at Elliott Wave published three charts I wanted to share. The first is my favorite, because it shows that bears have now gone extinct. The investors “intelligence” survey illustrates that advisors haven’t been this bullish in a full seven years. Looking at this chart, it seems to me that extreme bearishness is a better pivot indicator than extreme bullishness (notice how many times the bullish percentage was high, but the market kept chugging along).
Wave Four, Precious
Although I agree with the prior post that the peaks for gold and silver are far from done, for the weeks ahead I’m inclined to agree also with our friends at Elliott Wave who are looking for a pretty severe beat-down of gold and silver before they steady themselves for the final, triumphant Wave Five.
Four Compelling EW Charts
I just thumbed through the latest monthly forecast from our friends at Elliott Wave, and I plucked out some really interesting ones for you:
