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.
Support Levels for Gold
My prediction that gold would grind its way down to $4,000 before stabilizing has just about been realized, but I do wonder if there isn’t farther to go. Looking at GLD, I see three levels of support. The first is the dashed green horizontal, representing the most proximal gap breakout.
Precious Metals R/R Positive
Precious metals risk/reward now positive as the Gold/SPX Ratio declines to target
Risk in gold, the miners and especially silver was nosebleed high back in January. So much so that I added puts on SLV (half expecting to get hammered) literally the day before the silver price imploded. Ah, luck. Gotta have it once in a while.
From the start of 2026, we (NFTRH and its clients) have been well aware of first the risk, and then the projected “multi-month” correction that tagged on to that risk. We have done the work to be positioned appropriately. But now, with the Semiconductor mania (I’ve released my final two positions, ASML and ALAB) in full swing, Semi (left) is gold (right) circa January 2026.
(more…)Seriously Stoned
TA on the HUI Gold Bugs
The HUI Gold Bugs index is well along in its correction
In the precious metals, like other markets, I am usually focused on market internals, especially by way of ratio charts. I am into other aspects, especially about the macro environment in which a given sector or market exists. Indeed, the ratio and ‘internals’ charting helps define the top-down macro.
Preamble aside, I began as a regular chart guy. I learned about bull and bear flags, volume considerations, Heads & Shoulders, trend analysis (long ago did I learn that trend “lines” are not as important as TAs like to believe; it’s other trend measures like moving average trends and higher/lower highs/lows that matter), overbought/sold, support/resistance and so on.
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