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 Has Something to Prove

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Gold had a significant up day on Friday closing near the highs. At first glance, it would seem like a positive development and that gold miners might be in for another leg up. I would say a case could be made for either outcome, but this week should be a decision week for what is next for the gold and miners.

This is gold going back 20years. It is a weekly chart with a 52-week bollinger band. Notice how well price holds the 52-week MA during gold bull markets suggesting it is still in one. However….

Gold yrs
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Chop & Grind: Gold, Stocks & Commodities

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Whether the market is foreign or domestic, equity, commodity or metal the grind is on. Speaking of grind, the one in gold has been expected as the metal builds out its big picture Handle to the bullish Cup with an objective that is much higher. Let’s take a look at a few NFTRH charts to gauge the grind in several markets and by extension, the grind many feel on their nerves these days. It’s not a time to make money. It’s a time to preserve gains and patiently position.

For gold the grind would be the making of a Handle after the Cup’s key higher high to the 2011 high.

gold price
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