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 price of gold soared once again yesterday, but there are important signs suggesting that this rally is close to being over.
The situation in the Middle East is getting worse, and we’re likely moments away from a full-blown military operation. What’s gold likely to do? In short, gold is likely to rally, but that is not the full or most useful reply.
After a daily rally, precious metals took a breather. But will it last? Let’s check the technical situation on the GDXJ’s chart, which serves as a proxy for junior mining stocks. We’re focusing on them, as mining stocks often lead gold and...
New yearly low in the GDXJ, plunging silver prices, and louder questions about the upcoming bottom. Let’s start.
The precious metals sector was likely to decline, and that’s exactly what it did yesterday. The USD Index soared once again, also as we expected.
I warned the miners were weak, and they again buckled under the pressure. As a result, yesterday’s comments remain up to date, and I encourage you to read them to understand what should unfold in the weeks ahead.
A reversal can be powerful. Two are often a game-changer. We just saw three. On Wednesday, I wrote the following: The momentum remains positive, so reaching this target – close to $1,965 – might be what triggers the reversal.
Reversals ARE important, especially when confirmed by high volume. Thursday’s reversal in gold worked – it rallied, just as I had warned. The funniest thing about this rally is that it has little sense, and yet it was still quite possible...
What a beautiful nothing! Nothing really happened on the markets on Friday, but due to the context of the previous days’ actions, it was profound. The thing is that it was a day when markets took a breather and verified their previous...
The breakdown below the rising trend channel was followed by a decline that was big enough to confirm it, even though it was just the second close below it.
