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 Fed will want to keep inflation under control, and that could have miserable consequences for gold and miners. Will we see a repeat from 2008?
In line with predictions, gold is ceasing to benefit from war-fueled uncertainty. Meanwhile, silver faked another breakout. Could it be more bearish? Last week’s powerful, huge-volume reversal in gold was likely to be followed by declines...
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.
