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
Even though gold “could have, would have, should have” rallied given USD’s decline, it ended yesterday’s session lower. Why? Because it wants to slide.
A culminating point has been reached. With the USD Index being backed up by solid fundamentals, can gold hold the line? Have you ever noticed how often the language of war is used in finance and economics articles? A given company is on...
Gold had a good day yesterday, but as it hits the $1,770 resistance line, it will be anything but easy for the yellow metal. The real test has begun.
Gold moved higher and it moved to the upper border of my target area. Gold did reverse at its triangle-vertex-based reversal last week, but it turned out that it wasn’t the final top. It seems that this final top is being formed right now...
Gold’s slight rally might be getting some people excited, but appearances can be deceiving. USDX action hints at gold really wanting to move lower. The yellow metal has climbed, but only with lacklustre energy. If the USD Index is not...
It’s uncanny how the USDX is mirroring its 2017-2018 moves. This remarkably similar pattern is a strong indicator of the dollar’s rising strength. And as we all know, a strong dollar does not bode well for gold.
Keep your eye on the ball. Just because the GDX ETF went up last week doesn’t mean that it’s in an uptrend. Corrections are part of the game.
It’s tempting to say that miners are showing strength compared to gold based on the GDX’s performance, but other mining proxies say otherwise. Just because a house is standing doesn't mean its foundations are solid, and that's exactly the...
Two things appear to be on the chopping block for this week, or are close to being so. The first is the USDX’s corrective downswing, and the second being gold’s short-term rally.
Previously dismissed, the USDX may now be back with a vengeance. Sentiment is swinging away from shorts and there is an uncanny historical pattern. With a potential bearish pattern already broken, the USDX is resuming its journey northward...
