A few days ago, I did a premium post about five precious metals miners that I liked as long positions. They’re all up since then, and I think their prospects are greater than ever. Go, gold, go!
Key of G-Minor
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 & Miners- the Journey Ahead
Gold’s bull market has, through twists and turns, been ongoing since 2000 and through coming twists and turns, will keep going
Gold’s current bull market phase has been somewhat muted, compared to much of the 2000-2011 phase, when it was loud indeed. Much of that can be attributed to the fact that gold is still flatlining in relation to the S&P 500 and other major stock indexes (it has been rising since 2021 in relation to lesser and broader measures, like Small Caps and the Value Line Geometric Index), whereas gold boomed vs. SPX from 2000 to 2011.
(more…)King of Ratios Holds Sway!
The long-term charts are all saying the same thing. Long gold. Short stocks. Whether it’s silver, gold, the Dow Composite, the Russell 2000 – – mix ‘n’ match as much as you like – – but if you divide some kind of broad equity index by some kind of precious metal, you’re going to get one of these massive reversal patterns that has stood the test of time for decades.
Golden Stretch
I’ve been delighted at the ascent of precious metals lately. However, I think it’s awfully stretched at the moment, so I’ve put in a short-term trade (November puts) on GLD in anticipation of a retracement of the gold futures back down to its 50-day moving average.
Golden Kiss Good-Bye
Every time I mention gold, I hasten to add that it is the one market whose ascent I celebrate and whose asset I’ve owned for a long time. This is probably my get-out-of-jail-free card for being a feckless equity bear for so long. In any event, this morning saw gold reach yet ANOTHER lifetime high, crossing the psychologically important $2700/ounce level for the first time (red rectangle). It was a quick pop ‘n’ drop.
