Sunshine Profits

Let’s start today’s analysis with a question I just received. It was about whether I felt that GLD and GDX were forming a W-shaped bottom, and whether I would consider going long if the...

The US economy added 531,000 jobs in October, surpassing expectations. Gold reacted in a bullish way, and jumped above $1,800!The October nonfarm payrolls came surprisingly strong. As the chart below...

While the greenback's failed breakout on Nov. 4 may seem bearish, it faced a similar situation in August and October, only to recover and achieve new highs.After the USD Index’s negative...

Was the adage "buy the rumor, sell the news" also verified with that new trading position?It was Thursday (Nov. 4) that the following rumor had flourished: a possible coordinated action which was...

Lagarde spoke once again last week, and the markets reacted in a rather erratic manner once again too. The most important short-term details remain intact, though:The USD Index remains above its...

Have you ever tracked your progress during your oil and gas trading journey and seen such trades?In the previous edition published last week and updated on Monday, I projected the likelihood of a...

Inflation is high and doesn’t seem to be going away anytime soon. However, gold is not rising. The question is: What does the Fed have to do with it?Inflation is not merely transitory, and...

The Fed has announced tapering of its quantitative easing! Preparing for the worst, gold declined even before the release. Will it get to its feet?Ladies and gentlemen, please welcome to the stage the...

With the OPEC+ meeting on Thursday, oil looks to be in a corrective phase, as pressure is on for more crude. Are we looking at bearish winds ahead?Crude oil prices have started their corrective wave,...

Let’s face it, the metals are not having an easy time breaking out. Short-term rallies end up going nowhere and bearish signs are still in abundance.Yesterday’s session was once again...

What a beautiful day that was! Well, the weather varied in different places of the planet, so I don’t mean that literally. What I mean is that Mr. Market was generous and provided us with a...

The yellow metal couldn’t face the downward pressure and declined abruptly on Friday. What happened, and why did it fail?Friday was a brutal time for gold. The price of the yellow metal dropped...

The S&P 500 extended its bull market on Friday as it reached the new record high above the 4,600 level. Is this still a topping pattern?The S&P 500 index gained 0.19% on Friday, Oct. 29, as it...

As a new month begins, the downtrend in the GDX (NYSE:GDX) and VanEck Junior Gold Miners ETF (NYSE:GDXJ) should resume. When will a new buying opportunity finally present itself?Let’s compare...

With the S&P 500 closing at the lows on Oct. 27 and mining stocks following suit, surging inflation is starting to rattle the financial markets. For example, the Bank of Canada announced on Oct....

Stocks retraced their short-term decline yesterday, but today we may see a lower opening following the earnings releases. Is this a topping pattern?The S&P 500 index gained 0.98% on Thursday, Oct....