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.

A Case for Gold and Gold Mining Stocks

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First, a thanks to Tim for letting me do my first guest post.…….

A Case for Gold and Gold Mining Stocks, by John Chinnock

Now that the entire world hates gold and gold mining stocks, I wanted to make a case for why they just might be an amazing long-term buy at these levels. I should preface this by saying first that I am not a typical gold bug. I do not believe that the U.S. dollar is going to zero, or that hyperinflation is coming. Actually, if I had to own any currency, I would favor the U.S. dollar over most others. However, I still am a gold bull. Let me list some points on why. My arguments here will be technical and based on historical data rather than fundamentals. There are valid fundamentals for the bullish case in gold, but that is beyond the scope of what I will discuss here. (more…)

In Between Daze

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SPX declined modestly yesterday, bottoming out at 2001, just above the 1995-2000 target range I posted in the morning, and has recovered strongly overnight. As I said yesterday I’m not seeing anything to strongly suggest a high here and am looking at trendlines in the 2040 and 2060 areas for resistance. If we see a break below 1992 today I may reconsider that view. SPX daily chart:

141105 SPX Daily Trendlines BBs MAs (more…)