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- Submitted Aug 30, 2021|From sunshineprofits.com
When the Fed entices grown up kids with sweet words, they hit the candy store and stock up on gold, silver, and stocks. A sugar hangover follows. Beware of the candyman! With Fed Chairman Jerome Powell performing his usual dovish dance on Aug. 27, ...
- Submitted Aug 27, 2021|From sunshineprofits.com
August marks the 50th anniversary of Nixon’s closure of the gold window, the end of the gold standard that still affects the global economy. It’s been 50 years since one of the most important events in contemporary – or, perhaps, all of – economic ...
- Submitted Aug 25, 2021|From sunshineprofits.com
There are many factors affecting gold prices on a daily basis, but… how can GameStop stock be one of them? Given today’s pre-market slide in gold, it seems that the triangle-vertex-based turning point worked once again. Declines are likely next. In ...
- Submitted Aug 23, 2021|From sunshineprofits.com|1 comment
With its negative correlation to the metals, the USDX rally weighed heavily on gold, silver and stocks. Stop and think: what would be if it continued? While the overwhelming majority of investors entered 2021 with a bearish outlook for the U.S. ...
- Submitted Aug 19, 2021|From sunshineprofits.com
The latest FOMC minutes show that the Fed will likely taper quantitative easing this year. It’s largely priced in, but downside risks to gold remain. Yesterday, the FOMC published minutes from its last meeting in July. The publication is rather ...
- Submitted Aug 18, 2021|From sunshineprofits.com
The junior mining stocks’ extreme underperformance is the “new normal” that barely anyone talks about. Ignorance is pleasant, but it comes at a cost. To be clear: it’s something very important right now. Juniors, as well as senior mining stocks, are ...
- Submitted Aug 17, 2021|From sunshineprofits.com
Inflation softened slightly in July and gold prices rose, but the bullish joy may be premature. How should we respond? Inflation eased a bit in July, but it remained disturbingly high. According to the latest BLS report on inflation, the CPI ...
- Submitted Aug 16, 2021|From sunshineprofits.com
Gold commanded its unit to make another raid only to find itself stranded. The gold miners had already fled as fugitives, retreating without orders. While gold shrugged off the Aug. 8 ‘flash crash’ and bounced back above its June lows, the yellow ...
- Submitted Aug 13, 2021|From sunshineprofits.com|1 comment
What do the portents say? Well, we’ve been looking for connections between gold and bitcoin, and we see a chance to fatten the coffers. Read on. But first, let’s talk about gold and the miners. Yesterday’s session provided us with a perfect ...
- Submitted Aug 11, 2021|From sunshineprofits.com
Another day, another decline in junior miners – and another increase in profits from short positions in them. Shouldn’t we expect a rebound though? Well, no. The rebound already happened in late July and early August, and what we see now is the ...
- Submitted Aug 9, 2021|From sunshineprofits.com
What a week! Gold has dropped almost $60 since Friday, and silver came along reaching new yearly lows! Are you prepared for a wild ride downwards? The USD Index (USDX) While many investors forecasted a sharp decline in the USD Index, I warned on ...
- Submitted Aug 3, 2021|From sunshineprofits.com
The latest WGC reports show that institutional allocation to gold will increase. What if there is more to it than just “higher demand, higher price”? In July the WGC published three interesting reports. The first one, Rethink, Rebalance, Reset: ...
- Submitted Aug 2, 2021|From sunshineprofits.com
Powell’s recent dovish remarks started a sugar high among investors. However, it seems like the hangover has already begun. The Gold Miners While gold, silver and mining stocks jumped for joy following Fed Chairman Jerome Powell’s dovish remarks on ...
- Submitted Jul 27, 2021|From sunshineprofits.com
The ECB has become the exact opposite of the FED in terms of monetary policy. This dovishness might actually be bad news for gold. The European Central Bank held its monetary policy meeting last week. It was an important event, as it was the first ...
- Submitted Jul 23, 2021|From sunshineprofits.com
The current high inflation could theoretically transform into hyperinflation, disinflation, stagflation, or deflation. What does each mean for gold? Inflation, inflation, inflation. We all know that prices have surged recently. And we all know that ...
- Submitted Jul 22, 2021|From sunshineprofits.com
The coronavirus strikes back! It’s bad news for almost everyone and everything… except for merciless gold. So, were you hoping that the epidemic was over? After all, millions of people got vaccinated, and the economy is booming. Restrictions have ...
- Submitted Jul 20, 2021|From sunshineprofits.com
Powell admits that inflation is well above the Fed’s target, but he still considers it transitory. Gold increased in response – only to fall again. Last week, Powell testified before Congress. On the one hand, Powell admitted in a way that inflation ...
- Submitted Jul 15, 2021|From sunshineprofits.com
The CPI surged 5.4% in June, but Powell still sees inflation as transitory. For now, gold has risen under the dovish Fed’s wing amid higher inflation. Did you think that 5% was high inflation? Or that inflation has already peaked? Wrong! Inflation ...
- Submitted Jul 9, 2021|From sunshineprofits.com
At the end of June, the Basel III accord became binding for European banks. This new set of rules could have an effect on the entire gold market. On June 28, the Basel III agreement came into force for EU, Swiss, and US banks. On January 1, 2022, it ...
- Submitted Jul 9, 2021|From sunshineprofits.com
While gold moved slightly above its recent highs yesterday, the gold stocks moved to their previous lows. Can you hear the bears approaching? Gold made another reversal yesterday, and the miners declined profoundly – also once again. Just as in ...