GDX managed to hurdle over a resistance line that I thought would give it some serious pause. There are two charts below – one zoomed out and one zoomed in with a relatively more recent trend line. (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.
Waiting on Miners
Ever since precious metals hit bottom on June 26th, they’ve been shaking off their kooky blues. Gold, silver, and their miners have all been on the ascent for nearly a month, and the comments section over on ZH is rife with I-told-ya-so-fiat-clowns sentiment. (more…)
Day Seven of Range-Bound Gold
Precious metals seem to have taken a page out of the army’s operating manual and are in a permanent state of “Hurry Up and Wait!” As with the last instance of consolidation, highlighted in yellow, prices are stuck in a very tight, boring range. My view is that once they finally break out, it will be to the downside, and we can get this party started again. (more…)
Silver Starting to Work with the Major Cycle
Today (Wed 17th July 2013) silver was slammed down, so it time to review the dominant cycle to see where we are.
Silver Etf (SLV) has a very strong weekly 210 period cycle and it suggest that there is little down side to go, however SLV could still print between $15 and $17 in the near future. As always watch for a base to build before jumping in. (more…)
