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.

HUI Rally Hits Short-Term Target

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HUI Gold Bugs index has hit the bottom/bounce target at the daily SMA 200

Note: This post was begun on December 1, up to and including the two HUI charts below. The post was completed on December 2, after the November payrolls provided a good instigation for a broad market pullback, which included a ding to the miners from this logical resistance point.

December 1

The HUI rally has hit the logical resistance target where the 200 day moving average meets clear lateral resistance. It has done so in a not particularly overbought fashion due to the chop and grind it took to get here off the lows of the shaded bottoming pattern that we established and tracked in NFTRH over the last several weeks.

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Inflation Easing & the Miners

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The macro market and economic backdrop continues to pivot favorable for the gold mining sector

The risk/reward for gold stocks has been very good after 2.5 years of correction that, contrary to what a majority of gold bugs think, was very valid amid the post-pandemic cycle of cyclical inflation. I won’t review the details about why here, as it is beyond the scope of this article and I’ve parroted them in several blog posts at nftrh.com. But suffice it to say, the gold stock sector did the work it was supposed to do since August, 2020.

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Gold Stocks: Until ‘Things Fall Apart’

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Party on if you will, but the gold mining fundamental case is not complete

Back on October 14th we reviewed why a post-bubble contraction would be the proper time to buy gold mining stocks for fundamental reasons (even as they might possibly be dropping despite improving fundamentals). *

On October 28th we noted that the fundamental case has not engaged, not quite yet. We also noted big picture technical support parameters that need to hold for the play to avoid breaking down.

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