Submitted Jan 19, 2021|From sunshineprofits.com

The price of gold has declined further amid incoming U.S. President Joe Biden’s fiscal stimulus and poor economic data, which is a bearish sign. The weakness in the gold market continued last week. As the chart below shows, the London P.M. Fix ...

Submitted Jan 15, 2021|From sunshineprofits.com

Hurray! The disastrous year of 2020, which brought about the COVID-19 pandemic, the Great Lockdown, and the economic crisis, is over! Now, the question is what will 2021 be like – both for the U.S. economy and the gold market. To provide an answer, ...

Submitted Jan 14, 2021|From sunshineprofits.com|1 comment

The price of gold remains at $1,850, and the key drivers are higher bond yields and a stronger risk appetite. Last week, the yellow metal tanked below $1,900 again, and it hasn’t rebounded since the plunge – instead, the price of gold has stayed at ...

Submitted Jan 13, 2021|From sunshineprofits.com

Do you want to know how gold will be doing soon? Or the USDX? You have to look at the German and French economies. You may ask “What? How can they be tied together?” Well, the globalization of markets is one of the core foundations of the modern ...

Submitted Jan 11, 2021|From sunshineprofits.com

With the gold miners underperforming gold, and gold underperforming the USDX, it was only a matter of time before the house of cards came crashing down. The writing has been on the wall all along with signs for all to see. On Jan. 5, I warned that ...

Submitted Jan 8, 2021|From sunshineprofits.com

Was the past year good for the yellow metal? What happened in 2020 and what will 2021 be like for the gold market? Nobody expected the Spanish Inquisition! And nobody expected a pandemic in 2020! Oh boy, what a year… How good that 2020 has already ...

Submitted Jan 5, 2021|From sunshineprofits.com|1 comment

Gold ended 2020 at $1,891, partially thanks to monetary policy easing. In 2021, the Fed may not trigger a comparable rally in gold, but it should offer gold prices some support. Welcome to 2021! I hope that it will be a wonderful year for all of ...

Submitted Jan 4, 2021|From sunshineprofits.com

The fate of the U.S. Dollar will weigh heavily on the future of the precious metals in 2021. At first glance, the USDX’s prospects look rather bleak in the first months of the year, but as the pages of the book turn, the dollar’s likely later ...

Submitted Dec 28, 2020|From sunshineprofits.com|1 comment

After awakening from its slumber last week, the USD Index may be in the early innings of a short-term breakout. Bursting with energy, the dollar basket closed (on Dec. 22) above its declining resistance line (although more data is needed to confirm ...

Submitted Dec 22, 2020|From sunshineprofits.com

Fed Chair Jerome Powell sounded dovish during his press conference on December 16, where he gave a market update after the Fed’s monetary policy meeting. The Fed will remain accommodative for a long time, which should support gold prices. Last week ...

Submitted Dec 21, 2020|From sunshineprofits.com|1 comment

Do you feel the Christmas spirit when it comes to the yellow metal and miners? Because we don’t. Multiple signs over the past few days point to bearish weeks ahead for gold and the gold miners. The VanEck Vectors Gold Miners ETF (GDX) - the most ...

Submitted Dec 18, 2020|From sunshineprofits.com

President-elect Joe Biden is expected to increase further government spending. For this and also other reasons, there is a risk that inflation under Biden’s presidency could be higher than under Trump’s. That would be great news for gold. Let’s face ...

Submitted Dec 16, 2020|From sunshineprofits.com

It’s tempting to ride the silver rollercoaster. After-all, gold’s volatile little brother is just that – volatile. Its wilder price swings make some of the investment public believe they can profit from it more quickly. However, it’s important to ...

Submitted Dec 15, 2020|From sunshineprofits.com

The European Central Bank (ECB) expanded its accommodative stance. The Fed could follow suit, supporting the gold prices. The Governing Council of the ECB met last week, announcing significant, dovish changes to its monetary policy. First of all, ...

Submitted Dec 14, 2020|From sunshineprofits.com

Silver still has some way to go before bottoming. It has not rallied despite a lower USDX (gold and miners did not rally either) and a higher stock market. Silver has bright days ahead, but not until it passes this most recent downward shift in ...

Submitted Dec 11, 2020|From sunshineprofits.com|1 comment

The vaccines are coming – we’re saved! Although the arriving vaccines are great for humanity, they are bad for the price of gold. In November, Pfizer and BioNTech announced that their mRNA-based vaccine candidate, BNT162b2, had demonstrated evidence ...

Submitted Dec 10, 2020|From sunshineprofits.com

Brace yourselves, winter is coming! It may be a harsh period for the United States, but much better for gold. Some of you may have seen snow this year already, but the astronomical winter is still ahead of us. Unfortunately, it could be a really ...

Submitted Dec 9, 2020|From sunshineprofits.com

The question on everyone’s mind is: when is it a good time to buy some gold or silver after they bottom? The answer to that question is simple: when key triggers are met. Count-trend rallies in gold or silver don’t mean that they have enough energy ...

Submitted Dec 4, 2020|From sunshineprofits.com

Mildly concerning vaccine data and other headwinds weighed on the markets on Thursday as the indices closed mixed. • The Dow Jones closed up 86 points, or .29% after rising over 200 points at the session high. After closing at record highs for two ...

Submitted Dec 3, 2020|From sunshineprofits.com

The price of gold returned to above $1,800. Is the correction over? As the chart below shows, the price of gold rebounded, jumping from $1,763 to $1,811 on Tuesday (December 1) and increased further on Wednesday. As a reminder, the price of gold ...