first majestic silver

P. Radomski

CFA, Editor & Founder @ Sunshine Profits

Przemyslaw Radomski, CFA, is the founder, owner and the main editor of  You can reach Przemyslaw at:

P. Radomski Articles

We’ve got it! We have the breakout in the USD/YEN pair, and gold – in a completely unsurprising way – declined. And that IS a game-changer, even if many people fail to view it as such.
Gold is rallying regardless of what’s happening in other markets, and while there are signs of a top, gold appears to simply not care about them at the moment.
After a few years of having no trading positions in gold, I opened a long one. This might seem perplexing for those who read only free analyses from me and didn’t have the full picture – in the last few years I had long and short positions...
The recent two tops in gold were 9 trading days apart… Just like in 2011, and the similarity doesn’t end there.
The announcement of the week award goes to BoJ that just hiked rates for the first time in 17 years. Not without impact on gold.
Gold price is finally declining – that’s the biggest overnight slide in many days – times are changing – or are they? Let’s start with a quote from the analysis that I sent over the weekend:
Yes, gold price confirmed its breakout – in daily closing price terms. Yes, it is important. At the moment of writing these words, gold price is trading at about $2,161 – it’s new all-time highs in nominal terms, which is slightly higher...
After moving higher on Friday, the gold price disappoints today. What’s going on? Which move is real?
Given how gold price is behaving recently, I’d like to start today’s analysis with the chart featuring the price of the yellow metal.
Congratulations to everyone who waited out the corrective rally. The profits in this short position are bigger than ever!

The world’s gold supply increases by 2,600 tons per year versus the U.S. steel production of 11,000 tons per hour.

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