Wow. Precious metals continue to defy their moniker. Gold has failed a large right triangle top.
Going…….Going……..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.
Ever Ready for the Copper Top (by LZ)
Assuming stagflation isn’t going to rip along with crude oil………copper looks like a rollover to $3.25 is in the cards. It won’t take much weakness to test that level.
Miners Keep Dying
Gold: The Anti-Bubble
Gold is not a risk asset, it is an insurance policy, and the gold mining industry will one day leverage that characteristic
Just as a standard financial insurance policy is meant to only pay out when bad things happen, gold will only pay out when bad financial things happen. Sure, it’s assigned price can rise with other asset markets, but it’s price related to risk assets will under-perform when said risk assets are in a bull phase or an unbroken bubble.
As you can see, the bubble in policy-making, and thus, risk assets, is unbroken. Insurance has not been needed, yet. Why would anyone want to speculate on gold when its relative performance is so poor?
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