Sunshine Profits

Gold had a good day yesterday, but as it hits the $1,770 resistance line, it will be anything but easy for the yellow metal. The real test has begun.And so, it happened. Gold moved right to its target...

The recent rally in the bond yields pushed gold prices down, but this trend won’t continue forever, as the Fed will likely be forced to step in.In March, we saw a continuation of the rally in...

“Other than my Cincinnati Bengals breaking my heart, few things are more consistent than stocks higher in April.”As a stock nerd and NFL fan, I love this quote from Ryan Detrick, the chief...

Inflation accelerated its pace in March, which should support gold when economic confidence softens.The U.S. CPI inflation rate rose 0.6% in March, following a 0.4% increase in February. It was the...

Gold’s slight rally might be getting some people excited, but appearances can be deceiving. U.S. Dollar Index action hints at gold really wanting to move lower.The yellow metal has climbed, but...

The latest FOMC minutes were dovish, especially in light of the recent increase in inflation. That’s good for gold.Last week, The Federal Open Market Committee (FOMC) published minutes from its...

Keep your eye on the ball. Just because the GDX ETF went up last week doesn’t mean that it’s in an uptrend. Corrections are part of the game.Just as the USD Index recently (last week)...

Inflation is coming. Gold may benefit from it, especially if inflation turns out to be more long-lasting than central bankers and markets believe.Brace yourselves, inflation is coming! Importantly,...

In keeping with its historical performance, April has started off white hot. We ended March, and Q1 for that matter, with more questions than answers.But April 2021 started with a blowout jobs report,...

It’s tempting to say that miners are showing strength compared to gold based on the VanEck Vectors Gold Miners ETF's (NYSE:GDX) performance, but other mining proxies say otherwise.Just because a...

The March nonfarm payrolls were surprisingly strong. If the current favorable trend in the U.S. labor market continues, gold may struggle.As the chart below shows, in March 2021, total nonfarm...

Previously dismissed, the US Dollar may now be back with a vengeance. Sentiment is swinging away from shorts and there is an uncanny historical pattern.With a potential bearish pattern already broken,...

U.S. President Joe Biden just announced an ambitious and expensive infrastructure plan. Will it rebuild gold?Yesterday, Biden announced the big infrastructure plan, the second major legislative...

Confirmed, unconfirmed, verified and invalidated: breakouts and breakdowns are now ubiquitous. And the implications are bearish for gold.Let’s start today’s analysis with a discussion of...

We’re officially almost through with the first quarter of 2021. While a broad correction did not happen by now, as I thought, the Nasdaq dipped into correction territory twice.There might also...

Many analysts expect silver to outperform gold this year. It’s possible, but investors shouldn’t count on improving economic conditions and industrial demand.Silver has recently become a...