Food for thought – – the price gap on the Brazil fund is rapidly approaching. It might be a short-sale worth considering, using the price gap as a stop loss price.
Brazil Nuts
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 and US/China Conflict
In January, progress on the US-China trade deal seemed to calm the trade war between the two countries. However, everything changed when the corona-virus emerged. Since the beginning of the pandemic, demand—and resultant spot price for silver and gold—reached new highs. The stock market fell and rose several times in the hopes and doubts for a vaccine. Although politics and gold bullion might not seem to have much in common, the gold price is inherently tied to political events. After all, it is deemed a safe-haven metal for a reason. So how do current events affect the 9-year high gold price?
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Contradiction in BlackRock’s Focuses
BlackRock’s coziness with China isn’t going unnoticed amid its increased push in favor of (environmental, social, and corporate governance (ESG) issues. China isn’t exactly known for supporting ESG issues, and BlackRock is being criticized as favoring Chinese companies that lack regulatory oversight over their better regulated U.S. peers. Meanwhile, U.S. lawmakers are criticizing the firm’s involvement in coronavirus-relief measures for its focus on China.
(more…)Hong Kong & Chinese Markets Face Economic, Political & Technical Headwinds
Hong Kong’s Hang Seng Index (HK50) has been massively underperforming China’s Shanghai Index (SSEC) since January 2019, as shown on the following monthly charts.
In fact, the HK50 broke below the bottom of its Andrew’s Pitchfork channel in March this year, as the COVID-19 pandemic spread around the world from Wuhan, China and caused hundreds of thousands of deaths and untold catastrophic global economic destruction.
Such a channel break usually signals a shift in trend and sentiment from bullish to bearish. In fact, that has already occurred with the formation of lower highs and lows on this monthly timeframe. As well, the Balance of Power has, once again, turned negative.
(more…)Phase 0
If there’s one small thing that could have been pointed to as a plausible, albeit small, success story over the past 3.5 year political nightmare, it was the U.S./China trade deal. There was nothing epic about it, to be sure. The bluster surrounding it dwarfed the reality of the soybean-buying, purchase-promising pages, but it was a small success nonetheless.
Well, that lilliputian victory has been zeroed out as well
