Drowning in Gold
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.
Silver Filling
As enthusiastic as I am about precious metals, I wrote two days ago that they were probably due for “a pause that refreshes.” Both gold and silver have been weakening since then. Here’s SLV:
TSLA and Other Stories(by Xerxes)
Well, it’s a day that ends in “y”, so I’m bearish on TSLA again. I’m sure none of you are surprised. This is the turd that simply won’t flush. I think we are at a nexus point, however, as decisions will be made by investors going into the end of this year as to whether this is worthy of the high valuation which the market continues to bestow upon it. I shorted it (again) as I think the decisions will be to finally give up on rose colored glasses in the medium term. I have mostly technical reasons, but I also have behavioral reasoning behind my decision as well.
Fear Not, My Buggish Friends
Gold Stocks vs. SPX
The gold stock sector is on the verge of taking back the macro, and taking leadership over the broad SPX
This post is prompted by a post I saw on X, highlighting a TA on CNBC who noted the inverted H&S that HUI is establishing in ratio to SPX. The follow-on discussion included some fretting that the contrarian negatives of being highlighted on CNBC are a clear and present danger.
(more…)Isn’t That Precious?
The one area I can claim to have been persistently bullish – – precious metals – – continues to thrive. As we approach a new trading day, gold futures are at their highest levels in history, with $2600 within reach and a full $100/oz under its belt in just a few days.
