Sunshine Profits

Yesterday's session was indeed volatile around the FOMC, just like we warned, and gold even moved to its previous high, likely forming a double-top pattern. Even though gold moved higher on an...

No matter what shape the recovery is, the epidemic will likely have lasting, positive effects on the gold market.During the most acute phase of the pandemic and the following economic crisis, there...

The broad stock market remained within a short-term consolidation in the last five trading days (July 22 – July 28). The S&P 500 index has retraced some of its recent advance after getting...

On Tuesday the Gold Futures contract reached another new record high of $1,974.70, as it accelerated the advance following recent breakout above the short-term trading range and $1,800 level....

The Gold Futures contract reached new record high yesterday at the price level of $1,941.90, as it further extended the advance following recent breakout above the short-term trading range and $1,800...

Gold has jumped at $1,974.40 today amid expectations of new stimulus, worries about the pace of economic recovery, and concerns about rising tensions between the U.S. and China.Houston, we have a...

Going into Friday, I was still sticking to the bullish S&P 500 outlook. As the index declined, are the prospects of higher prices gone?Not at all, and today's analysis will examine the signs that...

The gold futures contract gained 0.4% on Friday, as it extended its uptrend following a recent breakout above the short-term trading range and $1,800 price level. The yellow metal has reached the...

To say that precious metals investors should watch the US Dollar Index, is an understatement. After all, gold and pretty much everything else, is priced in the dollars, so what has the key world...

The gold futures contract gained 1.15% on Wednesday, as it accelerated its short-term uptrend following breaking above the recent trading range and $1,800 price level. The yellow metal has...

The gold futures contract gained 0.41% on Monday, as it extended its last Friday's advance of 0.5%. The market has retraced most of its relatively flat correction from new long-term high of...

China's economy grew 3.2 percent in Q2 2020. The expansion was above expectations, but it does not have to sink gold.Last week, China reported that its economy grew 3.2 percent year-on-year in the...

Three doji days in a row, and yet the S&P 500 action is telling. After breaking above the mid-June highs, Friday's close is within spitting distance of the June 8 top. And stocks are primed to...

The gold futures gained 0.54% on Friday, as it further extended its short-term consolidation following the recent advance to new long-term high of $1,829.80. For now, it looks like a relatively...

Last week, we wrote that gold miners flashed an "extremely overbought" signal, which they had only flashed once in the past - almost right at the 2016 top. The Gold Miners Bullish Percent Index...

It’s official now! On June 8, the Business Cycle Dating Committee of the National Bureau of Economic Research stated that economic activity in the United States had peaked in February 2020 (and...