When last we left the 3 Metallic Amigos… I can’t remember the detailed individual statuses and am too busy to go read the post. They were something like borderline hysterical gold, attractive silver and bouncing (but not yet bullish) copper. So here’s today’s update on these Amigos.
(more…)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.
Bitcoin or Gold: Which Is More Bigly Yuge To Own?
Note: Ryan Wilday and I just co-wrote this crypto article, and we thought you may find it interesting.
Recently, the Winklevoss twins (who founded the Gemini crypto exchange) coined Bitcoin as ‘Gold 2.0.’ To support their perspective, they cited Bitcoin’s scarcity, its fungibility and its portability as meeting or exceeding that of the yellow metal.
(more…)The Golden Volcano
Did you feel that? The earth is rumbling. I can feel it beneath my feet. Over the past couple weeks, gold saw a significant breakout.
After consolidating a base for the past six years, gold’s breakout has a measured move target of $1,683. There is a large volume by price gap between here and there, so we could get there rapidly.
Looking at the long term twenty year chart, we can notice a couple takeaways. First, the bull market in gold at the beginning of the century lasted from 2001-2011. The bear market in gold lasted from 2011-2015. I would suggest with this month’s breakout, we have begun a new bull market in gold that will run from 2016-?
(more…)USD at Key Support with Implications for Gold
The U.S. Dollar Index (DXY) is worth watching closely today, with important implications for Gold.
Gold Miners Waiting on This Chart
It’s not a chart of nominal HUI with upside technical targets. We’ll do that in NFTRH this weekend, along with the usual individual miners. Rather, it’s a companion to other charts we’ve been reviewing over the last several months showing the under valuation of the gold stock sector relative to gold’s performance vs. cyclical assets/markets. For example, gold has risen strongly vs. the CRB index and that is a sector fundamental under valuation.
