If you have seen the Kevn Spacey movie named ‘Margin Call’ then you have a fair idea what went on by the insiders (ie Bullion Banks) to the price of gold during April 2013. Here we look at the April and June 2013 gold smack down (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.
Low Volume Crawl Upwards
I understand that yesterday was the lowest volume day of the year on ES, and in these low volume doldrums ES tends to inch upwards as it has been doing since Thursday morning. SPX closed almost five points under the daily upper bollinger band yesterday, though it’s still in the right area and I’m not seeing that as a significant sign of weakness yet. SPX daily chart: (more…)
Waiting for 1350 on Gold
Well, I just couldn’t bear to end the day with a woe-is-me post, so I’m going to do one last one before I call it a day. Simply stated, I think gold has a good chance of closing its gap at about $1350 (it’s on a tear as I’m typing this, up nearly $40, even though a big portion of the EUR/USD post-Bernanke pop has faded). I put in a small short position on GLD on Wednesday, but I closed it out soon after at a tiny loss ($100 on a $30,000 position). I’m glad I did, since it’s obvious gold is heading higher. (more…)
