P. Radomski

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/.

Once again gold moved higher for some time, which once again made the short-term moving averages (including the 50-day moving average) rise faster than the long-term ones (including the 200-day moving average), which in turn generated the “all-important” golden cros
During yesterday’s session, the USD Index plunged once again and so did the general stock market, while gold rallied over $20. Consequently, we see a new major technical development that we’ve been expecting for some time now. What’s new and what changed? Let’s start
The mining stocks moved higher yesterday - and this move can be explained neither by a move higher in gold or silver, nor by a substantial rally in the main stock indices. This begs the question: Does the miners’ strength indicate a looming turnaround? Quite lik
The medium-term trends in gold are reflected by the medium-term trends in the USD Index and that’s been the case for many years. Naturally, there are deviations from this rule, but generally, it has to be the case simply because gold is priced in the US dollar. Conseque
Precious metals moved visibly lower yesterday, but we can’t say the same about gold and silver mining stocks. The miners refused to follow the metals lower and the question is if this is a sign of a local (or major) bottom. In our opinion, it’s too early to say
In yesterday’s alert we wrote that the reversal in the precious metals market should once again not be taken at its face value and that one should not overreact based on it as the size of the potential rally was limited. Well, it turned out that “limited rally” was
The most prominent action in the precious metals market we saw last week, took place in silver. The white metal closed the week below the important long-term support/resistance line, thus invalidating the previous breakout. However, there’s more to the precious metals m
Several things happened on Friday and the markets reacted to them, so it’s not easy to interpret the final outcome. Was the reversal bearish or was the session bullish as gold didn’t decline substantially even though the USD rallied? Was gold’s reaction adequate, too sm
In yesterday’s alert we emphasized that the breakdown in the USD Index should not be trusted as it was not confirmed. Moreover, there were several good reasons to think that it would not be confirmed. The breakdown is already invalidated and – again, as discussed yester
Yesterday was just another period of back-and-forth movement for gold, silver, the USD Index and even the general stock market – but not for precious metals mining stocks. Gold stocks and silver stocks plunged very visibly. Moreover, there are very important implication