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
What happened since I posted yesterday’s analysis simply confirmed it. My key observation was that silver is trading at monthly highs, while gold and miners are trading at monthly lows. My comment was that it confirms the thesis that...
I might have ended today’s article at the title as it pretty much covers most of what we can see on the charts today.
In yesterday’s premium analysis, I argued that silver might have decoupled from gold and miners. Today’s action doesn’t oppose it.
The following days will be decisive not just for the USD Index, and gold, but also for silver, bitcoin, and other markets. The reason is that gold and miners moved to their declining resistance line based on the most recent highs.
Bitcoin is the first crack in the dam, and also one that’s getting bigger not just each day, but even ever hour now. Will gold follow suit?
Have you seen those clear reversals in gold, silver and miners today? Did you notice USD’s rally? How about bitcoin’s move below $90k? All are related and point to the same thing – the picture that was outlined yesterday remains very much...
Yesterday, the USD Index futures closed above the 100 level for the first time since May, and today’s intraday price is also the highest since May. The breakout is even clearer on the cash version of the USD Index.
Even though the markets didn’t move much today, there are a few things that I would like to comment on. One of them is the support in the USD Index that held up nicely.
They are coming not just from the precious metals market itself, but from other markets as well.
Today’s analysis will be brief, as there’s only one thing that I’d like to update compared to Tuesday’s comprehensive issue and my gold forecast for November. Namely, I’d like to point out the fact that the precious metals market is not...
