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- Submitted Sep 29, 2020|From sunshineprofits.com
The Fed Vice Chair says that the Fed will not even think about hiking interest rates until the inflation reaches 2 percent. Meanwhile, the price of gold decreases further. What is exactly happening in the gold market? Over the last week, several Fed ...
- Submitted Sep 29, 2020|From sunshineprofits.com
The bomb can explode one day. And I do not mean here missiles from North Korea, Iran or China. Neither I think about the viral threat - the coronavirus bomb has already blown up in spring, dragging the world into deep economic crisis. I have in mind ...
- Submitted Sep 23, 2020|From sunshineprofits.com|4 comments
Mining production? No. China's consumer demand? No. The main drivers of gold prices are, as I've repeated many times, the U.S. dollar and real interest rates. You don't believe it? You don't have to - just look at the charts below. The first one ...
- Submitted Sep 18, 2020|From sunshineprofits.com
In the global financial world, with a highly interconnected economic dependence, commodities, energy, materials, and in particular, currencies play a pivotal role in the stock market's heterogeneity and connectivity. This applies to gold as well as ...
- Submitted Sep 17, 2020|From sunshineprofits.com
The latest FOMC statement and economic projections signal are that the interest rates will stay at zero until the end of 2023. This is excellent for gold. Yesterday, the Fed issued a statement regarding the FOMC meeting, which was held from ...
- Submitted Sep 16, 2020|From sunshineprofits.com
At last, crude oil moved a bit higher, so you might be asking yourself if the trend has reversed or is this just a pause before the moves continue. In short, we think the latter is much closer to the truth. The fact remains that in a global and ...
- Submitted Sep 14, 2020|From sunshineprofits.com
Some swear by price action, many others rely on indicators. There are actually many gold trading tips built around these techniques. Gold Miners Bullish Percent Index, is one of the rare ones that don't issue signals all that often. And it showed ...
- Submitted Sep 11, 2020|From sunshineprofits.com
$2,000. Think about this number. Theoretically, it's just a number, one of many. But... somehow we feel that jumping above this level was a big event in the gold market. After all, gold surpassed this psychologically important point for the first ...
- Submitted Sep 10, 2020|From sunshineprofits.com
Last week, the U.S. stock market has seen strong selling activity. The S&P 500 Index has declined about 7 percent from its peak, while the Nasdaq Composite Index plunged more than 10 percent (entering a correction territory), below 11,000, as the ...
- Submitted Sep 9, 2020|From sunshineprofits.com
Crude oil declined quite substantially this week, and it doesn't look that the decline will be over just yet. After a given market clearly moves in a certain direction, corrective moves are bound to happen. After all, no market can move in a ...
- Submitted Sep 9, 2020|From sunshineprofits.com
The bears retook initiative yesterday, twisting the hands of weak longs. Where is the usual buy the dip mentality, and all the complacency that is part and parcel of bull markets? It's not just stocks that are at autumn crossroads, and attract ...
- Submitted Sep 8, 2020|From sunshineprofits.com
The U.S. labor market improved in August, although headlines paint too rosy a picture. What does it all mean for the gold market? Great news for the U.S. labor market: according to the BLS, the American economy regained 1.4 million jobs, while the ...
- Submitted Sep 1, 2020|From sunshineprofits.com
Fed adopts a new strategy that opens the door for higher inflation. The change is fundamentally positive for gold prices. So, it happened! In line with market expectations, the Fed has changed its monetary policy framework into a more dovish one! ...
- Submitted Aug 28, 2020|From sunshineprofits.com
Over the past few months, we have focused - for obvious reasons - on the pandemic and the following economic crisis. However, there are also other important developments happening in the background, apart from media attention that still focuses on ...
- Submitted Aug 18, 2020|From sunshineprofits.com
Retail sales growth has slowed down. What does it mean for the U.S. economy and the gold market? Retail sales increased 1.2 percent in July. The growth was worse than expected, which hit the U.S. stock market. As the chart below shows, the number ...
- Submitted Aug 14, 2020|From sunshineprofits.com
The disruptions caused by the pandemic of Covid-19 forced people, companies, governments, and organizations to challenge their basis assumptions about their ways of life and conduct. Some of them might be trivial such as more frequent and thorough ...
- Submitted Aug 10, 2020|From sunshineprofits.com|2 comments
Everything good comes to its end sooner or later, and the higher one rises, the deeper one falls. These could very well apply to the current situation around PMs. Speaking of indications pointing to the situation being excessive, let's take a look ...
- Submitted Aug 7, 2020|From sunshineprofits.com
For a long time, pundits talked excitedly about the rapid, V-shaped recovery. I never shared this view, finding it too optimistic and without basis in reality. Like Jeff Goldblum in Jurassic Park, I hate being right all the time, but it really seems ...
- Submitted Jul 30, 2020|From sunshineprofits.com
No matter what shape the recovery is, the epidemic will likely have lasting, positive effects on the gold market. During the most acute phase of the pandemic and the following economic crisis, there was no time to analyze various WGC's reports on ...
- Submitted Jul 17, 2020|From sunshineprofits.com
It's official now! On June 8, the Business Cycle Dating Committee of the National Bureau of Economic Research stated that economic activity in the United States had peaked in February 2020 (and in Q4 2019, when it comes to the peak in quarterly ...