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 declined about 7% from its peak, while the...

The bears retook initiative yesterday, twisting the hands of weak longs. Where is the usual buy-the-dip mentality, and all the complacency that is part and parcel of bull markets? It's not just stocks...

Crude oil declined quite substantially this week, and it doesn't look that the decline will be over just yet. After a given market clearly moves in a certain direction, corrective moves are bound to...

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 Fed was even more dovish than previously. What are the...

The bears pushed hard on Friday, but couldn't close near the daily lows. Has the bid returned? And the correction now over? Given Friday's lower knot and Monday's upswing, it might seem so. How does...

The Gold Futures contract lost 0.18% on Friday, as it continued to fluctuate following Wednesday's decline of over 1.7%. The intraday volatility has been relatively low despite monthly jobs data...

The U.S. labor market improved in August, although headlines paint too rosy a picture. What does it all mean for the gold market?Great news for the U.S. labor market: according to the BLS, the...

The gold futures contract lost 0.18% on Friday, as it continued to fluctuate following Wednesday's decline of over 1.7%. The intraday volatility has been relatively low despite monthly jobs data...

So, it came – and I lean towards calling it the start of a correction. Right at the beginning of September, giving meaning to my doubts raised yesterday: Isn't Wednesday's accelerated upswing...

The gold futures contract lost 0.35% on Thursday, as it slightly extended its Wednesday's decline of over 1.7%. Precious metals went lower following U.S dollar's advance. The stock market's rout...

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The Gold Futures contract lost 1.73% on Wednesday, as it retraced its recent advance following bouncing off $2,000 price level. Gold reversed from its new record high of $2,089.20 a month ago...

According to the World Gold Council (WGC), the latest leg of gold's 2020 bull run has come too fast, but gold has still potential for further upside.The WGC has recently published a few interesting...

Tuesday was again one of those days of higher stock prices. Seems boring, I know, but there are still intraday opportunities to take advantage of. For instance, I took long profits off the table...

The Gold Futures contract gained 0.02% on Tuesday, as it remained close to short-term local highs. The market bounced off following the decline after Thursday's Fed Chair Powell speech. Gold...

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 a very temporary development. Let's keep in mind the...