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

Based on the behavior of gold and the dollar, it can be concluded that the influence of geopolitical turbulence on the precious metals market is starting to fade and that it was only temporary.
Gold tried to break its record, but it was the eighth time it failed in this regard. Despite conditions, the level above $2,000 remains unattainable.
Crude oil did it again! Even though gold moved higher recently, crude oil soared so substantially that it stole practically the entire spotlight. Let’s take a look at it before moving to the precious metals sector.
After the war-driven gold rally, oil is starting to outperform. History between these two has already shown that someone may suffer. Many suggest: gold miners.
Sanctions, terminated contracts, and a plummeting currency – Russia is facing the financial crisis specter. Can gold also be affected? In the medium term, even painfully. 
Buy the rumor, sell the news. Gold remains bearish in the medium-term, as Russia may end up selling its gold to remain afloat and the USD is poised to benefit.
As history shows, gold and silver rallies based on geopolitical tensions are often short-lived. Yesterday, a hint of a trend reversal appeared. Don’t stop reading this mining stock analysis until you get to the part about junior mining...
To the disappointment of gold bulls, the yellow metal’s upward trend will not last long. Fundamentals have already taken their toll on gold miners.
Gold will benefit as long as there are turbulences on the eastern European border. It may be a short-term growth period, but it certainly won't last forever.
Gold and the USDX reacted vigorously to the worrisome news concerning Eastern Europe. However, only the latter can be calm about its medium-term future.

Palladium, platinum and silver are the most common substitutes for gold that closely retain its desired properties.

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