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
Have you seen those clear reversals in gold, silver and miners today? Did you notice USD’s rally? How about bitcoin’s move below $90k? All are related and point to the same thing – the picture that was outlined yesterday remains very much...
Yesterday, the USD Index futures closed above the 100 level for the first time since May, and today’s intraday price is also the highest since May. The breakout is even clearer on the cash version of the USD Index.
Even though the markets didn’t move much today, there are a few things that I would like to comment on. One of them is the support in the USD Index that held up nicely.
They are coming not just from the precious metals market itself, but from other markets as well.
Today’s analysis will be brief, as there’s only one thing that I’d like to update compared to Tuesday’s comprehensive issue and my gold forecast for November. Namely, I’d like to point out the fact that the precious metals market is not...
Last week’s session, along with the early trading of today’s session supports my previous analysis. The mining stocks moved lower and they are most likely leading the rest of the precious metals sector lower.
Yes, given the situation in the USD Index, how bitcoin is reacting to it, and its own technical setup, it seems to me that bitcoin is already after a critical turning point, and right before a major slide.
Gold, silver, and mining stocks are not doing much, but at the same time, today’s session is very meaningful. This is the case because of how the precious metals sector is moving lower today, because of what the USD Index is doing, and...
How high can gold go? The truth is that nobody can tell with 100% certainty. Truth be told, it’s near impossible to get out/in exactly at the market extreme, and the fact that we were able to do that at the 2020 bottom doesn’t mean that...
Gold’s up, yet miners pause after an initial move up and reverse on an intraday basis. Once again.
