Gold has been very strong since the 12th of this month, but the precious metals miners are going to need some Herculean super-powers at this point to break their long-standing series of lower highs. This road trip may be almost out of gas.
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 Miners Prepare to Reverse
Amid Bad Fundamentals, Gold Sector Rally May Have Begun
See edit at end, adding in the favorable gold and silver CoT.
We have been expecting a seasonal rally in gold, silver and the miners off of a bottom due in either December or January, as is typical of the sector. I’ve marked up Sentimentrader‘s seasonal gold pattern to show the secondary low made (on average over 30 years) in December and the January ramp up that follows (on average).
But we’ve long contended that noise about global strife (geopolitics), inflation and most of all China/India demand need to be tuned out and the larger component planets of the Macrocosm ™ need to be respected in order to call a real bull market phase in gold and gold stocks. (more…)
Gold Fingered
You could have put money into anything – – anything at all – – over the past six years and done better than gold. Real estate………stocks……….kitty litter. Gold has been a total piece of garbage, and I’ve got a sneaking suspicion that gold bugs have finally up to “here” with the so-called precious metal and are just jumping over to cryptos. Here’s this miserable piece of crap:
Three Amigos Update
Dear SoH, let me know if the Amigos shtick is getting old. I am completely into it, but realize I can have all the subtlety of a sledgehammer sometimes.
Amigo 1: Stock Market vs. Gold (more…)
