Submitted Dec 2, 2020|From sunshineprofits.com

It’s crunch time for gold and the U.S. Dollar Index (USDX), as they find themselves at a crossroads. As of Wednesday, the USDX is holding its lows but wants to move up, thus invalidating its breakdown. And gold? Well, gold did gain a bit today, but ...

Submitted Dec 1, 2020|From sunshineprofits.com

Gold plunged below $1,800. Will these declines finally end? November doesn’t look like a good month for gold. The declines in the precious metals market continued last week. As the chart below shows, the price of the yellow metal dropped to $1,779 ...

Submitted Nov 30, 2020|From sunshineprofits.com

As 2020 is wrapping up, investors are trying to narrow down the target for gold’s bottom in the coming weeks. And as the yellow metal is experiencing what appears to be its worst month in the past four years, the Gold Miners Bullish Percent Index ...

Submitted Nov 26, 2020|From sunshineprofits.com

Gold plunged to $1,800. What does this imply for the gold market? Whoa! Tuesday, November 24 wasn’t too good for gold. The price of the yellow metal plunged then from $1,840 to $1,800. Actually, November was an awful month for gold prices, which ...

Submitted Nov 25, 2020|From sunshineprofits.com

It might have been tempting to think that the recent move lower in the U.S. Dollar Index would serve to push gold higher, as it usually does according to the traditional pattern. But these are extraordinary times and there are too many external ...

Submitted Nov 23, 2020|From sunshineprofits.com

The last time The Gold Miners Bullish Percent Index ($BPGDM) signaled overbought conditions, it was 2016 and another U.S. Presidential election was in full swing. Precious metals tumbled right after that. What's this $BPGDM you ask, and why is it ...

Submitted Nov 20, 2020|From sunshineprofits.com

The global debt is rising at an alarming pace. According to the IMF, the median debt in 2021 is projected to jump by about 17 percent of GDP in advanced economies, 12 percent in emerging economies, and 8 percent in low-income countries. In ...

Submitted Nov 19, 2020|From sunshineprofits.com

With Moderna’s recent success, more vaccines are coming. Does this mean the end of the story for gold? Who offers more? As you probably remember, last week Pfizer announced that – based on the interim analysis – its vaccine is more than 90 percent ...

Submitted Nov 11, 2020|From sunshineprofits.com

Crude oil continues to trade above $40 and it even moved a bit higher in today’s pre-market trading. But focusing on this intraday volatility carries one big risk – missing the big picture. That’s what I’d like to emphasize today. To clarify, I ...

Submitted Nov 11, 2020|From sunshineprofits.com

It’s tempting to read into the recent small upswings in the price of gold and the stock market as a sign that things are on the up. Despite these short-term moves, the writing is in the charts and the charts point to bearish forces gaining strength. ...

Submitted Nov 9, 2020|From sunshineprofits.com

Following the close of the U.S. presidential election and latest post-election euphoria, miners posted slight gains on Thursday and Friday, gains which are likely to be short-lived and followed by a sustained decline, if the history charts are any ...

Submitted Nov 6, 2020|From sunshineprofits.com

Brace yourselves, winter is coming! This is what Ned Stark in the Game of Thrones told his people to prepare them for the leaner times he saw coming. While one of the biggest threats in GOT were the White Walkers, in our reality, the pandemic is ...

Submitted Nov 5, 2020|From sunshineprofits.com

The elections are behind us. However, the official results are still not definite. What does it mean for gold prices? Ladies and Gentlemen, the new President of the United States is… still unknown! The election results are not available, as some ...

Submitted Nov 2, 2020|From sunshineprofits.com

So, today is the day! It's Election Day. For quite some time, national polls indicate that Biden has a significant advantage. He is also polling scarcely close ahead of Donald Trump in key battleground states, but, in some states, the lead has ...

Submitted Oct 30, 2020|From sunshineprofits.com

There are only a few days left until the elections. Who will become the next American president? Donald Trump or Joe Biden? Recent national polls indicate that the latter continues to maintain his lead over the incumbent running for reelection. ...

Submitted Oct 29, 2020|From sunshineprofits.com

Covid-19 infections are surging. Will the price of gold surge too? Things are not looking good folks. The epidemiological situation is worsening. As the chart below shows, the number of new daily cases (the rolling 7-day average) has recently ...

Submitted Oct 22, 2020|From sunshineprofits.com

The US presidential elections are quickly approaching. So, what do they have in store for the price of gold? There are less than two weeks until the US presidential elections. Who will become the next POTUS? Biden or Trump? Well, according to the ...

Submitted Oct 15, 2020|From sunshineprofits.com

The inflation remains low and below the Fed’s target. So, should gold bulls worry about it? The U.S. CPI inflation rate rose by 0.2 percent in September, following a 0.4 percent increase in August. It was the smallest jump since May. The move was ...

Submitted Oct 7, 2020|From sunshineprofits.com

It didn't take long for the mining stocks to turn south once again. No wonder, given that their breakdown was more than verified. Additionally, they also got bearish support from gold, the stock market, and the USD Index, which also confirmed their ...

Submitted Oct 2, 2020|From sunshineprofits.com

Did you believe that the monetary policy of Ben Bernanke in a response to the Great Recession was extraordinary? Nah, Bernanke was an amateur compared to Jerome Powell. The latter quickly reintroduced ZIRP, implemented unlimited quantitative easing, ...