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
Very little happened in the precious metals market yesterday, but something major happened in stocks. And it has important implications for PMs.
AI! Computers making intelligent decisions! New paradigm! Old laws don’t apply anymore! Long live the bull market! …Really? Yes, AI is transformative. It already starts to enhance multiple businesses, just like the Internet did many years...
There are many factors that one needs to consider when analyzing any market. Looking at a single indicator might be misleading. If it was that easy, everyone’s trades would always be profitable, right? But they aren’t.
What if bitcoin just topped? What does it change for the price of gold going forward, if anything? Many years ago, people wanted to buy gold but didn’t really want to store it in their homes, pay for safekeeping and insurance during...
So, the Fed did as expected, raising the rates by 0.25%. But that didn’t really matter. What mattered was what was said later. And how it was then interpreted.
April had started with gold at $1,990, then gold moved as high as $2,063.40, and yesterday, it closed at $1,999. At the moment of writing these words, gold futures (because that’s what you see on the above chart) are trading at $1,993.
The price of gold moved higher yesterday, but did it manage to rally back above $2,000? No! Despite USDX’s weakness, it didn’t. And this means that the odds for a bigger rally from here declined while the odds for a bigger decline...
I wrote in number of occasions that the gold price was unlikely to hold the breakout above the $2,000 level. Last week provided the final confirmation. Gold price not only declined below $2,000 in a decisive manner. It not only closed the...
While I can’t make any guarantees, that’s very likely at this point. Gold hasn’t moved back below $2,000 yet, but what it did, however, indicates that such a move is just around the corner.
What Happens Before Bigger Declines? The clue to answering the above question lies in the final part of the rally that we saw last week.
