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.
Here’s my quick take on Gold, Copper, and Oil…
GOLD
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| GOLD Weekly |
COPPER
Lumber and the Homebuilders ETF (XHB) traded, essentially, in the same directions from mid-2010 until October 2014 — when Lumber suddenly took a nosedive down to major support at 240, while XHB broke out and rallied — as shown on the following 5-Year Daily comparison chart.
At the moment, it looks as though that support level will be retested, once more. A drop and hold below 240 could very well be the catalyst that breaks XHB’s slightly-sloping (tight) uptrend. And, a drop and hold below 220 could see a very quick, sizable plunge in XHB…possibly slicing through 34.00 down to retest major support around 28.00, or lower.
Controversial or not, Obamacare is now the law of the land. Depending on who you survey and how, rates are better for individuals than before, or they are more expensive. One thing is for certain, more and more people are being subsidized for health benefits than were before. But is this the real issue at hand?
I’ve always been told if the wheel isn’t broke, don’t fix it. In the case of socialized medicine, I believe we refused to address the real underlying problems with our medical system today. The system IS broken, and all we did was throw billions upon billions of additional dollars at that same system. This is not to say that everything about our United States healthcare program is a failure. In fact, I content that for emergency care and certain surgical procedures, we are by far the best in the world.
