Well, I guess my chance to buy gold at sub-$1200 isn’t ever going to happen. The base is fully-formed, and the breakout is complete. “Real money” is about to leave bitcoin, paper dollar bills, and everything else fiat in the dust. (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.
Gold Ready to Ease?
The year 2014 has been very good to gold, but I think it may be getting ready to soften; we’re heading for a trio of reasons: (1) the Fibonacci retracement; (2) that descending trendline; (3) matching the most recent important high in late October 2013.
Precious Metals Grind Out a New Trend
Gold is Monetary Value
We preface the post with a statement that has not changed since I began public writing nearly 10 years ago: Gold is not about price; gold is about value. This point was hammered home to me 11 years ago by a person who had much influence upon my viewpoint toward the financial system and its various diseased components at a time when I was ready to listen and understand. (more…)
Time for Miners to Ease Back
I’ll start by saying I am not bearish on miners; far from it. It’s pretty clear that miners – and, almost certainly, precious metals in general – reached their bottom in December. 2014 is probably going to be a great year for both. However, given the swiftness of the most recent ascent, I wouldn’t be surprised to see profit taking pushing things back, perhaps even down to as low as around $24 where GDX broke out in the first place. Longer-term, though, it’s poised for much higher prices.
