Author: Sunshine Profits

Gold Reaches $2,000 Amid Dollar Depreciation

Gold Reaches $2,000 Amid Dollar Depreciation by ARKADIUSZ SIEROŃ , PHD for Sunshine Profits $2,000. Think about this number. Theoretically, it’s just a number, one of many. But… somehow we feel that jumping above this level was a big event...

U.S. Shares Plunged. Is Gold Next?

U.S. Shares Plunged. Is Gold Next? by ARKADIUSZ SIEROŃ, PHD for Sunshine Profits The U.S. stock market plunged last week. Will gold follow suit? Last week, the U.S. stock market has seen strong selling activity. The S&P 500 Index has...

Mining Stocks – Taking a Cue from S&P 500?

Mining Stocks – Taking a Cue from S&P 500? by PRZEMYSŁAW RADOMSKI, CFA for Sunshine Profits The big news of yesterday’s session was that the S&P 500 invalidated its breakout above the previous 2020 high, and that happened after the...

Does Gold Still Have Plenty of Potential?

Does Gold Still Have Plenty of Potential? by ARKADIUSZ SIEROŃ, PHD for Sunshine Profits According to the WGC, the latest leg of gold’s 2020 bull run has come too fast, but gold has still potential for further upside. The World...

Gold Is Warming Up Before Its Move

Gold Is Warming Up Before Its Move by PRZEMYSŁAW RADOMSKI, CFA for Sunshine Profits Yesterday, we wrote the following regarding the USD Index chart: The move below the mid-August low in the USD Index is a very recent and likely...

Silver Extending Advance, Gold Unchanged

Silver Extending Advance, Gold Unchanged by PAUL REJCZAK for Sunshine Profits The gold futures contract gained 2.19% on Friday, as it got back to last week’s short-term local high. Thursday’s Fed Chair Powell speech led to an increased intraday volatility,...

Gold Going Sideways Since Last Wednesday’s Decline

Gold Going Sideways Since Last Wednesday’s Decline by PAUL REJCZAK for Sunshine Profits The gold futures contract lost 0.40% on Monday, as yellow metal extended its short-term consolidation following the recent decline below $2,000 price level. Gold reversed lower on...

FOMC Minutes Push Gold Down

FOMC Minutes Push Gold Down by ARKADIUSZ SIEROŃ, PHD for Sunshine Profits July FOMC minutes hit the gold prices. But what’s next for the yellow metal? The key event last week was the publication of the minutes from the FOMC...

Gold Slightly Higher as Stock Markets Rally

Gold Slightly Higher as Stock Markets Rally by PAUL REJCZAK for Sunshine Profits The gold futures contract gained just 0.03% on Friday, as it traded within a short-term consolidation following the recent decline below $2,000 price level. Gold reversed lower...