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- Submitted Jul 8, 2021|From sunshineprofits.com
With the FED increasingly hawkish and the USDX rising from the ashes, don’t be fooled by the recent upswing in gold. The bears are getting ready. With the reflation trade getting cut off at the knees, the only asset class not feeling the pain is ...
- Submitted Jul 6, 2021|From sunshineprofits.com
The gold miners’ 2021 gains prompted a standing ovation among investors. However, they didn’t notice a magic trick until everything vanished. The Gold Miners After the HUI Index plunged by more than 10% and made all of its 2021 gains disappear, the ...
- Submitted Jul 2, 2021|From sunshineprofits.com
Although gold doesn’t have to suffer during the actual tightening cycle, the Fed’s hawkish turn is fundamentally negative for gold prices. Oh no, my worst nightmare related to the precious metals has materialized. In the June edition of the Gold ...
- Submitted Jul 1, 2021|From sunshineprofits.com
June was a terrible month for gold. Without a fresh crisis or a strong dovish signal from the Fed, gold may continue its disappointing performance. June wasn’t too kind to gold. As the chart below shows, the yellow metal plunged more 7.2% in the ...
- Submitted Jun 28, 2021|From sunshineprofits.com
Just before the hunt begins, the hunter needs to be sure its prey feels safe. Will we see a promising short-term rally in gold? After the USD Index reasserted its dominance once again, its bellowing howl sent shivers down the spine of currency ...
- Submitted Jun 24, 2021|From sunshineprofits.com
Powell’s testimony to Congress failed in generating a rebound in gold prices; thus, the bearish trend could continue. On Tuesday (June 22) the Fed Chair testified before the Select Subcommittee on the Coronavirus Crisis, U.S. House of ...
- Submitted Jun 10, 2021|From sunshineprofits.com
May was certainly a positive month for the yellow metal. Gold could keep its momentum later this year, but a lot depends on the Fed and inflation. We left May in the rearview mirror, and as the chart below shows, it was the second positive month in ...
- Submitted Jun 9, 2021|From sunshineprofits.com
Copper is often overlooked when looking for gold price movement clues. But this time, its breakout invalidation may have the high ground. Do you know what the key commodity in today’s world is? Crude oil. It’s the most commonly used good on the ...
- Submitted Jun 3, 2021|From sunshineprofits.com
Gold rallying on low volume yesterday was a clear bearish sign; the yellow metal dropped about $15 in today’s pre-market trading. What will happen next? Yesterday’s (Jun. 2) and today’s sessions were quite rich in signals for gold, silver, and ...
- Submitted May 27, 2021|From sunshineprofits.com|1 comment
Gold surpassed $1,900 most recently – and it’s likely that the rally will continue for a while. Gold bulls have an opportunity to celebrate. As the chart below shows, the price of gold has been rising recently. And yesterday (May 26) it finally ...
- Submitted May 24, 2021|From sunshineprofits.com
As we know, history tends to rhyme. It’s never the same, but when you zoom out, the bigger picture often looks very similar. What does it mean for gold? Short-term implications With gold’s back-and-forth price action mirroring its behavior from ...
- Submitted May 19, 2021|From sunshineprofits.com
When the USDX declines, the PMs usually celebrate and rise as a result. However, this was not the case yesterday – and we can’t ignore it. “Reversal” is the name of the game, at least when it comes to the precious metals market. The USD Index ...
- Submitted May 18, 2021|From sunshineprofits.com
Gold recovered after a downward response to the surge in inflation. What’s next for the yellow metal? Gold rebounded after an initially bearish reaction to the BLS report showing that inflation soared 4.2% in April year-to-year. This means we have ...
- Submitted Apr 23, 2021|From sunshineprofits.com
Remember how every month in 2021 started off hot and then saw a pullback and volatility occur by the second half of the month? Welcome to the second half of April. After switching my calls on the SPDR S&P ETF (SPY) and the SPDR Dow Jones ETF (DIA) a ...
- Submitted Apr 23, 2021|From sunshineprofits.com
Revolution, baby! There is growing acceptance for an aggressive fiscal policy, which could be supportive for gold prices from the fundamental, long-term point of view. We live in turbulent times. The pandemic is still raging and will most likely ...
- Submitted Apr 20, 2021|From sunshineprofits.com
Several economic indicators have surprised us on the positive side. Nevertheless, the price of gold has rebounded. Finally! The price of gold has been rising recently. As the chart below shows, the yellow metal rebounded from the late March bottom ...
- Submitted Apr 19, 2021|From sunshineprofits.com|1 comment
A culminating point has been reached. With the USD Index being backed up by solid fundamentals, can gold hold the line? Have you ever noticed how often the language of war is used in finance and economics articles? A given company is on the ...
- Submitted Apr 16, 2021|From sunshineprofits.com|6 comments
The recent rally in the bond yields pushed gold prices down, but this trend won’t continue forever, as the Fed will likely be forced to step in. In March, we saw a continuation of the rally in bond yields that started in February. As the chart below ...
- Submitted Apr 13, 2021|From sunshineprofits.com
The latest FOMC minutes were dovish, especially in light of the recent increase in inflation. That’s good for gold. Last week, The Federal Open Market Committee (FOMC) published minutes from its last meeting in March. They show that – in light of ...
- Submitted Apr 8, 2021|From sunshineprofits.com
The March nonfarm payrolls were surprisingly strong. If the current favorable trend in the U.S. labor market continues, gold may struggle. As the chart below shows, in March 2021, total nonfarm payrolls rose by 916,000, following gains of 468,000 in ...