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.

Crude’s Channel

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There’s an interesting piece this morning in ZeroHedge about famed CNBC commentator Gartman and the fact that, after two months, he’s finally gone bullish on oil. I wanted to mark the points where the man said oil would not reach $44 again in his lifetime (green tint) and his declaration today (magenta tint) that he changed, just like “Lord Keynes” (which, I suppose, is supposed to make one look less daft, since Keynes was a Lord and all).  Anyway, particularly with the weekly inventory report looming this morning, here’s the channel:

0427-crude

The Risk of Doha

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For many weeks now, all eyes have been on the big meeting in Doha coming up this Sunday. Judging from oil’s tremendous recovery (now threatening even Gartman’s life, who pledged it would never reach $44 again in his lifetime), it seems a foregone conclusion that the cartel will all shake hands and oil producers will collectively turn off the spigot. If they do, that green tint will be breached and oil’s new bull market will accelerate. If not, it’ll be the biggest “Sell the News” event so far this year……….
0414-cl

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LENR is Coming

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I had hinted in the past to this new revolutionary form of energy that could change the energy paradigm: LENR (Low Nuclear Energy Reaction).

It came out in these days the news that the inventor of the E-Cat (Energy catalyzer, a reactor that apparently is able to produce large amounts of energy – heat – at nearly zero cost), has sued his US partner/investor company for not paying him 89M USD, after a successful 350-days test with his device.

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WTI Climbs Ahead of the OPEC Meeting

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The Feb-Mar Oil advance from 26.05 to 41.90 inflicted important and consequential damage to the intermediate-term downtrend from the June 2014 high at 107.73 when the price structure thrust above 35.00 on April 4.

Weakness off of the March high successfully tested the April 4 breakout level last week, after which Oil pivoted to the upside from 35.24 to last Friday’s (Apr 8) close at 39.66.

Renewed strength comes amid ongoing debate about still-massive excess supply, still-worrisome over-production, and doubts about the resolve of OPEC and Non-OPEC producers to freeze output at the forthcoming Doha Meeting on April 17. (more…)