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
That’s an interesting situation. Gold us up, but silver and miners are down. What gives?
No market moves up or down in a straight line. And the time for the “up” in miners is here.
We saw a small move up in the precious metals sector (and then back down), which is completely in tune with what I wrote yesterday, and as such, it doesn’t change the outlook.
And no, I don’t mean Trump’s presidency, but that’s true as well. I mean the rally in the USD Index and the declines in the precious metals and mining stocks.
The markets don’t move in a straight line – they correct every now and then and that’s normal. This appears to be taking place in gold and mining stocks right now. It’s not only a general tendency for the markets to correct in this way...
The bond yields are declining, so gold must be going up – that is what we are hearing and reading over and over again. On numerous occasions, I emphasized that gold is most likely to move in the opposite to real yields, not nominal ones,...
Last week, the USD Index stole the spotlight. It truly soared. But… Very few people are actually long. Yup. Even though the USDX moved high so profoundly, it wasn’t fresh buying that pushed the price higher. It was a short covering, and it...
De-dollarization, the BRIC countries are destroying the USD, and many other theories… All or some of them might be true, but it absolutely doesn’t mean that they have to result in any specific market moves NOW or shortly.
After moving to its Fibonacci-extension-based target, gold price declined – so far, just modestly so.
As the USD Index is testing its lows and preparing for a major rally, gold is making new highs. But it’s likely about to end.
