Just one glance at the GLD and SLV charts and the topping patterns I’ve tinted compel me to hold off – -maybe even for months – – before getting serious about going long.
Precious Vulnerability
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.
Sizzling Silver
My persistent bullishness toward silver is stronger than ever, and the long-term chart looks sensational.
Bullion Beating Bits
Only days ago, Bitcoin crossed above the meaninglessly but psychologically important $100,000 level with great fanfare. Social media was buried in a wave of posts declaring that $250,000 would be “easy” and $1 million achievable since, let’s face it, $100,000 is 10% of one million. I watched BTC play jump rope with $100k all weekend, and it’s finally sinking away. I think the crypto freaks kind of shot their wad with this one.
Silver Springs to Life
Just about the only asset I can point to as something I’m enthusiastically bullish is silver. I’ve written about this many times, although its behavior over the past several months has been frustrating, as it has meandered aimlessly in the lower 30s.
Fingered!
Welp, the madness is continuing full-blast, with ZeroHedge leading the way. It’s honestly jaw-dropping to glance at that formerly cynical publication, since it is slathered from wall to wall with optimism and doe-eyed zeal about the future. The entire world is going along with Tyler, however, as we vaulted higher on Sunday, camped out there all night long, and then got another big goose on the /ES just now.
