Author: Sunshine Profits

Gold and Silver Higher Again

Gold and Silver Higher Again by PAUL REJCZAK for Sunshine Profits The gold futures contract gained 1.35% on Friday, as it retraced most of the decline from mid-May high of 1,775.80. Early in the last week it has been extending...

Will We Get a Monthly Reversal in HUI Later Today?

Will We Get a Monthly Reversal in HUI Later Today? by PRZEMYSŁAW RADOMSKI, CFA for Sunshine Profits The key technical development in the precious metals sector this week continues to be HUI’s invalidation of the breakout above the 2016 highs....

Making Sense of Yesterday’s Gold Reversal

Making Sense of Yesterday’s Gold Reversal by PRZEMYSŁAW RADOMSKI, CFA for Sunshine Profits Gold moved higher yesterday… For a while. Then, it reversed and closed over $20 lower, creating a profound shooting star candlestick. These candlesticks should be confirmed by...

Will Gold Shine Under the Great Lockdown?

Will Gold Shine Under the Great Lockdown? by ARKADIUSZ SIEROŃ, PHD for Sunshine Profits The recession that started in 1929 is called the Great Depression. The global financial crisis that originated in 2007 is named the Great Recession. The current...

Will Stocks Lead the Way Lower for Miners?

Will Stocks Lead the Way Lower for Miners? by PRZEMYSŁAW RADOMSKI, CFA for Sunshine Profits The precious metals market did almost nothing yesterday, and consequently we have relatively little to comment on today. There are two subtly bearish signs that...

Will Job Market from Hell Support Gold?

Will Job Market from Hell Support Gold? by ARKADIUSZ SIEROŃ, PHD for Sunshine Profits April job report shows a terrible US labor market. Coronavirus destroyed 20.5 million jobs, pushing the unemployment rate to almost 15 percent. How far does the...