P. Radomski
CFA, Editor & Founder @ Sunshine Profits
Przemyslaw Radomski, CFA, is the founder, owner and the main editor of SunshineProfits.com. You can reach Przemyslaw at: http://www.sunshineprofits.com/help/contact-us/.
P. Radomski Articles
Did you notice what happened in gold, miners, and stocks at the end of Friday’s session? It was small and huge at the same time.
You do. At least if you want to catch the really big and really profitable moves, and not only the small ones. Let me explain. The accuracy of the RSI (Relative Strength Index) for gold and mining stocks is quite notable. In fact, it’s...
The implications are so crystal-clear that I’m not sure if it’s even needed to describe them. But I’ll proceed, nonetheless.
Some say that war never changes, and in some aspects, that’s true. But markets’ reactions to war are also remarkably similar.
The huge rally in gold and the monstrous decline that followed provided a sign of epic proportions.
We got the silver signal, we saw the analogy to the previous low-CPI-number surprise, and now we have this. We have a situation in the USD Index that is a screaming buy alert.
Silver just shot up, and given what the stock market is doing, it makes perfect sense. Namely, it’s most likely the final part of the rally in them both, and the same is the case for gold and mining stocks.
Last week, I emphasized that silver’s outperformance was indicating a reversal. That’s exactly what we saw on Friday. Can you guess what’s next?
So, the CPI and – more importantly, from the Fed’s point of view – core CPI was lower than expected, and the markets soared. What’s next?
Miners just plunged, and they did right after tricking the news-chasers. Fortunately, you knew what to focus on.
