Sunshine Profits

Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,410, and profit target at 2,200, S&P 500 index).Our intraday outlook is now bearish, and our short-term...

Reflation is coming. We argue that the recent comeback of inflation is negative for the gold market. Why should that be so? Should not inflation support gold, which is considered the inflation hedge?...

Trading position (short-term; our opinion): Short positions (with a stop-loss order at $56.45 and an initial downside target at $45.81) are justified from the risk/reward perspective.On Thursday,...

Yesterday, there was a massive U.S. economic data dump. What does the release of several reports imply for the gold market?Wednesday morning was full of U.S. economic reports. First of all, consumer...

In short: no speculative positions.Needham & Co., an investment firm, has issued a new report on the potential success of three prospective Bitcoin ETFs. In the report, we read: Given elevated...

Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,330, and profit target at 2,150, S&P 500 index).Our intraday outlook remains bearish, and our short-term...

Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,330, and profit target at 2,150, S&P 500 index).Our intraday outlook remains bearish, and our short-term...

Trump’s economic agenda consists of foreign policy, fiscal policy and regulatory policy. We have already commented a bit about Trump’s imprint on geopolitics and uncertainty in the context...

Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,330, and profit target at 2,150, S&P 500 index).Our intraday outlook remains bearish, and our short-term...

Briefly: In our opinion, no speculative positions are justified.Our intraday outlook is neutral, and our short-term outlook is neutral. Our medium-term outlook remains neutral, following S&P 500...

Briefly: In our opinion, no speculative positions are justified.Our intraday outlook is now neutral, and our short-term outlook is neutral. Our medium-term outlook remains neutral, following S&P...

Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,240, and profit target at 2,060, S&P 500 index).Our intraday outlook is bearish, and our short-term outlook is...

As everyone knows by now, Donald Trump will be the next president of the United States. Investors did not have to watch the news, as the price of gold clearly signaled who won the election. The price...

The U.S. yield curve has steepened since the presidential election. What does it mean for the gold market?As one can see in the chart below, the difference between short- and long-term U.S. Treasury...

On Wednesday, the price of gold plunged below $1,200. What does it mean for the gold market?Gold prices slid more than 2 percent to about $1,185 the day before yesterday, the lowest level since...

Our Market Overview would be incomplete without remarks about gold priced in the Japanese yen. Chart 1 shows nominal gold prices denominated both in the U.S. dollar and the Japanese currency, while...