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
The USD Index is bottoming – check. It moved to a super-strong combination of long-term support levels – double check. The USDX declined after Trump’s comments just like it had declined in early 2018 after Mnuchin’s comments (which led to...
The “sell America” trade is getting a lot of attention these days, but it seems that enough is enough. The about-to-be-hiked tariffs for the EU were delayed by a month (precisely: to at least July 9), and it looks like we’re getting the...
Almost there. At least that’s what it seems like based on today’s charts. There is some action in all of them, but the two ones provide key information: the S&P 500 Index futures chart and the chart featuring the USD Index.
So, Moody’s downgraded U.S. sovereign credit rating from AAA to AA1, which means that the U.S. debt is no longer top-rated. This was the last of the major agencies to cut this rating. What does it change?
The breather in PMs and miners was likely (as I wrote yesterday). The breather was natural. And the breather is probably over. And it is not the point of today’s free analysis to discuss the very short-term events (I’m doing this in today’...
What happens when a market really wants to decline, but it gets no trigger? It’s waiting for the trigger, and waiting… And finally moves anyway, even in its absence. That’s what we see in gold and silver today. To be precise, what we now...
Both are completely unsurprising, as the technical analysis (and common sense) provided insights beforehand. Yes, the U.S. – China dramatic tariff decrease announcement was the direct trigger – the technical writing was on the wall for a...
Today, we've got significant news regarding potential tariff reductions on China. President Trump suggested that "80% Tariff on China seems right" ahead of upcoming trade talks with Chinese officials. This would represent a substantial...
Gold is closely watching what’s going on in the USD Index, so that’s what we’ll focus on today.
We see a correction in the precious metals sector today (just as the USD Index is somewhat lower), but this doesn’t change anything. Let’s start with gold.
