I don’t mess around with precious metals much, but today’s enormous rally has caught my attention.
Mellow Yellow
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.
Freeport
I had sort of forgotten this stock existed, but LZ mentioned Freeport McMoRan (FCX), and I found the symbol hiding in my “Miners” watch list. It is sporting what could turn out to be a beautiful diamond reversal pattern. I went ahead and bought $40 puts expiring on January 19th 2024.
An Oversold Gold Miner
Silver Melting
I pointed out last week how big a deal the failure of the trendline was; this poor thing is just shot.
Bullish Pivot or Destruction Ahead
Using three vantage points, the US dollar, the Gold/Silver ratio and the 10yr-2yr Yield Curve, broad markets are indicated to be at an important decision point
There sure are a lot more indicators NFTRH uses to gauge the macro, but these three will suffice for the point of this article, which is that change is coming and the nature of that change could not be more different in its two potentials.
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