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
I’ve previously written that gold may confirm its breakout, and unless anything major happened in other markets, this would be a bullish sign. I’ve been waiting to post today’s analysis for the market open, as I wanted to check what type...
Friday, the thirteenth. Will gold have bad luck? Will the U.S. dollar? Of course, the fact that it’s Friday the thirteenth has no impact on neither gold, nor the USD Index, but this day might be important for both markets due to other...
The CPI data is going to be released today, so the markets are tense. Gold moved slightly higher, but the very short-term resistance line based on the previous highs keeps gold’s gains in check.
All in all, the USD Index is likely to soar in the following weeks and months, while the commodity sector, as well as precious metals, are likely to decline. Junior mining stocks are likely to fall particularly hard
In the entire commodity sector, only crude oil is more widely used. And given the increasing importance of all-things-electronic, copper is unlikely to be forgotten anytime soon. This doesn’t mean that the only way in which its price can...
Today’s decline is significant not only because it confirms the post-U.S.-Labor-Day tendency in gold, but also because it’s another step toward creation of a bearish head-and-shoulders top formation.
The stock markets around the world are sliding, and so does bitcoin – just as I warned. Miners invalidated their tiny breakout, closed below the July low on Friday, and they are poised to slide even more.
It’s the Fed’s interest rate day and the Bank of Japan has just hiked its rates. What’s next? The first sentence explains most of what happened to the prices yesterday and today.
It can, but it can also decline, and the latter is actually more likely. What a crazy idea, right? With the lower cost of money (interest rates), gold should be more attractive to investors (it pays no dividend), so its price should rally...
Every now and then, something unlikely happens – but not right now. I wrote that given gold’s high-volume shooting star reversal, it was likely to invalidate its recent breakout any day (or hour) now. Quoting my previous comments:
