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
Tariff war just got to a new level, and gold soared. Will it soar to new highs? In a dramatic and unprecedented escalation of global trade tensions, the trade war between the US and China has reached new heights.
It was only a week ago when I wrote about the massive shorting opportunity in FCX – a copper/gold mining stock, and it moved right to my target area even though it seemed distant. Congratulations to everyone that participated in that trade...
Yesterday’s analysis generated quite a sizable response (as per our email inbox) and I’m not surprised. Gold moving to its key Fibonacci-extension-based (a.k.a. Phi-based) target and then reversing is indeed a major development.
Moving on to gold, we see that the yellow metal declined back to the lower border of the triangle and then it moved back up.
Yesterday’s Gold Trading Alerts were very short-term oriented, so – while I provide a quick update as well – today, I’d like to show you several charts that will help you see what’s really going on with the major trends.
So far, this week has been calm. However, as you read in my previous analysis, the turning points are near and we still have four more sessions before the end of the year. Bitcoin just failed to move above $100k again, and it is declining...
How many hours of work would it take to purchase one ounce of gold? Now you’ll know.
Given gold’s recent decline and a much bigger decline in silver and mining stocks, one might wonder whether miners’ and silver’s weakness are telling the truth about the precious metals market’s outlook, or if it’s gold that’s been holding...
In my yesterday’s Gold Trading Alert, I wrote that we had some clues regarding the end of the corrective upswing. We saw an invalidation in the GDXJ (of the tiny move to new short-term highs), and before that silver outperformed on a short...
The market action suggests that the corrective upswing is maturing and likely about to end. How can we tell? Silver. Silver is outperforming today, while miners are no longer doing so.
