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
Gold, silver, and miners declined heavily in the past weeks, but it seems that they got too low, too fast, and now a quick rebound seems very likely.
Gold stocks declined by about 31.5%, which perfectly fits my previous analogy to 2008. If history is to rhyme, we can expect a corrective upswing soon.
After the USD dropped in 2021, there was a price increase in both gold and mining stocks. If the situation repeats, gold is likely to continue rising. And, of course - that was a reversal, folks!
The dollar is so strong to hit the euro for the first time in 20 years, but gold shows no weakness. How to profit from gold being so bullish?
Although the general stock market has risen, this trend may soon reverse. Since it often moves along with gold stocks, junior miners can face a fall too.
Gold and silver stocks have fallen in such a way that investors will rather understand why it is not worth taking a bullish stance on them.
Mining stocks moved higher on Friday, and you might be wondering if this was anything more than a daily breather – so let’s start today’s analysis with the GDXJ ETF.
If not for the war, there would’ve probably been a repeat of the 2008 gold market. However, there is something similar: the bearish outlook for miners.
Let's not be confused by the temporary USDX weakness. Junior miners are faint and we can expect them to decline again soon.
There are numerous indications that junior miners are poised to set new lows on their downward path. Will they pull gold to the bottom as well?
