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
Last week’s session, along with the early trading of today’s session supports my previous analysis. The mining stocks moved lower and they are most likely leading the rest of the precious metals sector lower.
Yes, given the situation in the USD Index, how bitcoin is reacting to it, and its own technical setup, it seems to me that bitcoin is already after a critical turning point, and right before a major slide.
Gold, silver, and mining stocks are not doing much, but at the same time, today’s session is very meaningful. This is the case because of how the precious metals sector is moving lower today, because of what the USD Index is doing, and...
How high can gold go? The truth is that nobody can tell with 100% certainty. Truth be told, it’s near impossible to get out/in exactly at the market extreme, and the fact that we were able to do that at the 2020 bottom doesn’t mean that...
Gold’s up, yet miners pause after an initial move up and reverse on an intraday basis. Once again.
Exactly. The GDXJ ETF, proxy for junior and mid-tier gold/silver miners looks like it’s done rallying, and its move above $100 will be invalidated shortly.
Gold soared today and it almost touched the $4,000 level, but miners already reversed. While it could be the case that gold keeps on rallying even up to $4,150, miners might move up by relatively little.
It’s like yesterday, but with an additional SELL signal for the miners. Here’s why: That’s what I wrote on the USD Index - quoting: The fact that we did see the government shutdown doesn’t change that much. What matters is how long it will...
The fact that we did see the government shutdown doesn’t change that much. What matters is how long it will remain shut down. And I don’t think that this will happen for any reasonable amount of time. I view the current closure as a hard-...
The government shutdown is once again in the news, and gold is apparently capitalizing from it. It’s all smoke and mirrors as those making the decisions will not cut funding for themselves. It’s just the politicians pretending that they...
