Submitted Aug 27, 2019|From sunshineprofits.com

In recent months, the World Gold Council released a few interesting reports. What can we learn from the publications? We'll then supplement it with the view of the Fed policies. Will gold like the message? Gold Demand Trends Q2 2019 On August 1, the ...

Submitted Aug 27, 2019|From sunshineprofits.com

The euro bulls have been unable to sustain most of Friday's gains, let alone build on them yesterday. Does it mean the return of range-bound euro, or is there more downside on the immediate horizon? After Monday's strong showing of USD/JPY bulls, ...

Submitted Aug 23, 2019|From sunshineprofits.com|1 comment

It turned out that the oil bulls haven't had much success yesterday either. And today isn't shaping up to be a much better day for them either. Yet, they have taken black gold higher from its daily lows already - does this mark some kind of a ...

Submitted Aug 22, 2019|From sunshineprofits.com

The 2019 Economic Symposium in Jackson Hole has begun! On Friday, we'll hear Jerome Powell discuss the latest monetary policy shifts. How will it affect the gold market? This week is rather light in terms of incoming economic data, with the minutes ...

Submitted Aug 20, 2019|From sunshineprofits.com|1 comment

Talk of a synchronized world - all three economic superpowers are in a recession! The U.S. suffers from industrial recession, Japan from export recession, while Germany may fall into a broad economic recession. Will the gold market warm up to these ...

Submitted Aug 16, 2019|From sunshineprofits.com

This time is different. This is what the experts say. The inversion of the yield curve did a great job in predicting recessions in the past, but the current inversion is not like the previous. The predictive power of the yield curve has weakened, so ...

Submitted Aug 15, 2019|From sunshineprofits.com|1 comment

The yield curve inversion just got more pronounced. Not only the spread between 10-year and 3-month Treasuries, now also the spread between 10-year and 2-year turned negative. That sends a warning signal about the state of the real economy. About a ...

Submitted Aug 15, 2019|From sunshineprofits.com|1 comment

So it happened - oil reversed lower and we were right there. While yesterday's downswing has been partially retraced, and oil is trading close to unchanged today, there're still plenty of valuable clues as to the upcoming price action. Let's dive in ...

Submitted Aug 13, 2019|From sunshineprofits.com

It appears that the two steps forward, one step backwards approach of mainland China isn't working as Hong Kong citizens are protesting again. The increasingly violent protests have plunged Chinese-ruled Hong Kong into its most serious crisis in ...

Submitted Aug 8, 2019|From sunshineprofits.com

Don't be fooled by the apparent indecision in some currency pairs while we see the others moving to fresh 2019 extremes. Such an action smells of cashing profits and identifying new trading setups, which is exactly the subject of today's Alert. We ...

Submitted Aug 6, 2019|From sunshineprofits.com|1 comment

With the stock market going down, Bitcoin is viewed as a safe haven asset. But is this story really important? We have a different factor to focus on. Bitcoin goes up, the stock market goes down. This is the kind of story we have seen now. And it is ...

Submitted Aug 6, 2019|From sunshineprofits.com

July nonfarm payrolls came in line with expectations, confirming the strength of the U.S. labor market. So far so good. With the markets more focused now on the escalation of the trade war triggered by Trump's tweet on Thursday, the stock market ...

Submitted Jul 30, 2019|From sunshineprofits.com|1 comment

Our open position in the Australian dollar has been closed, and at a sizable profit. But the countdown to tomorrow's Fed is on, and it pays not to rest on laurels. The setups in the other currency pairs won't wait, so let's get down to reading the ...

Submitted Jul 30, 2019|From sunshineprofits.com

Last week, Boris Johnson became the PM of the UK. The odds of hard Brexit increased, sending pound lower. Now, markets await tomorrow's FOMC meeting. Gold closely monitors these events and thinks about which way to go next. Last week, Alexander ...

Submitted Jul 25, 2019|From sunshineprofits.com|1 comment

It's not true that yesterday's session in precious metals was uneventful. While gold and mining stocks didn't do much, silver moved a bit above its previous high, closing at a fresh 2019 high. Sounds pretty remarkable, doesn't it? In today's ...

Submitted Jul 24, 2019|From sunshineprofits.com|1 comment

Yesterday we wrote about Draghi, so today Powell is our hero. Only one week separates us from the pivotal FOMC meeting. What should gold investors expect? In a week, the Fed may deliver its first interest rate cut since 2008. Given the market odds, ...

Submitted Jul 23, 2019|From sunshineprofits.com|1 comment

In November, Christine Lagarde will replace Mario Draghi as the ECB President. Will gold warm up to her more than to Draghi? It remains to be seen, but one thing is certain: Super Mario will not leave his position just like that. Gold investors ...

Submitted Jul 22, 2019|From sunshineprofits.com|1 comment

The USD Index practically erased its Thursday's losses, and the precious metals faced stiff headwinds. Silver again outperformed gold, adding more strength to the signal it's flashing for quite a few days already. Yet, it was gold that gets the ...

Submitted Jul 19, 2019|From sunshineprofits.com|1 comment

What is the difference between a recession and a depression? When your neighbor loses their job, it's a recession. When you lose your job, that's a depression! But let's put the dry economic and not funny jokes aside. How to spot recession, without ...

Submitted Jul 18, 2019|From sunshineprofits.com|1 comment

The delicate balance of forces at the Fed has been disturbed. The doves grew stronger recently, and with new governors coming, their strength may increase even further. Will gold warm up to them? Trump wants to nominate a goldbug to the Federal ...