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.

Redemption

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I’m doing this from a parking lot, so it’s going to be brief.

I’ve noticed a variety of (vastly inferior) chartists have been pushing the notion that “the mother of all trendlines has been broken.” WRONG, WRONG, WRONG. It has NOT. These nitwits can’t draw a line to save their lives. Anyway, take it from your permabear buddy, no one WANTS this line broken more than me, but it ain’t broken yet. If anything, bulls should be arguing for a major bottom here. I assure you, if it actually does break, I will NOT shut up about it.

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Warless Weekend

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Good morning, everyone, and welcome to a new week. This weekend clearly didn’t have the drama that last week did, although people were anticipating much worse. I suppose this is the reason that gold went absolutely ape on Friday, and near its peak, I bought GLD and GDX puts. These two positions are the only ones which expire this year (32 days from now), so for me it’s relatively time-aggressive, but – – so far, so good. There was a nice gap down (arrow) and we’ve already burned off some of Friday’s zeal.

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A Welcome Development (by Xerxes)

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This week scared the bejesus out of me. But the last two days really made all the difference to the outlook.

I came into October looking for a small bounce into resistance levels eventually to stabilize and hopefully rollover into November. However, the ferocity of the rally off of the 200 Week MA had me questioning many things, including my sanity. Why? Well, the initial bounce off 4200 wasn’t surprising, but the subsequent second day rally after the potential start to World War III caught me a bit off guard.

And then another day of rally. And then again after that. From what I understand, the rally was ignoring WW3 and focusing on the supposed death of inflation and expectation that the Fed pause/rate decreases were right around the corner (which really, in my opinion, is what the entire rally since October 2022 was built on). Then Thursday came and brought some reality checks back into the fold.

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