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
It’s uncanny how the USDX is mirroring its 2017-2018 moves. This remarkably similar pattern is a strong indicator of the dollar’s rising strength. And as we all know, a strong dollar does not bode well for gold.
Keep your eye on the ball. Just because the GDX ETF went up last week doesn’t mean that it’s in an uptrend. Corrections are part of the game.
It’s tempting to say that miners are showing strength compared to gold based on the GDX’s performance, but other mining proxies say otherwise. Just because a house is standing doesn't mean its foundations are solid, and that's exactly the...
Two things appear to be on the chopping block for this week, or are close to being so. The first is the USDX’s corrective downswing, and the second being gold’s short-term rally.
Previously dismissed, the USDX may now be back with a vengeance. Sentiment is swinging away from shorts and there is an uncanny historical pattern. With a potential bearish pattern already broken, the USDX is resuming its journey northward...
Confirmed, unconfirmed, verified, and invalidated: breakouts and breakdowns are now ubiquitous. And the implications are bearish for gold. Let’s start today’s analysis with a discussion of the key market that everyone is interested in –...
Did something catch your attention yesterday? If so, it could have been mining stocks’ strength relative to gold. Or so it seems… Until we take a closer look. Additionally, gold didn’t get enough power from its previous breakout, and seems...
Positions in the USDX are shifting from shorts to longs, so gold investors should look closely. Why? Because it’s an inverse relationship. We’ve discussed the negative correlation between the dollar and the precious metals many times...
The mining ETFs (the GDX and GDXJ) have hit resistance and look tired. After their corrective rally, a slide looks promising. The miners are done correcting…and if they were at a water amusement park, would they head for the lazy river?...
There’s a big, but largely unnoticed factor, that’s foretelling where gold and miners are headed next. What happens when support turns into resistance?
