Sunshine Profits

Very little happened on the precious metals market yesterday and the related markets, but it seems that we might see something more interesting today. The USD Index (third from the bottom) reversed...

Friday's overnight gains evaporated faster than you could say Jack Robinson, and not much bottom fishing came later that day. Is the tide in stocks turning - or has it turned already? With Thursday's...

Helped by the financial sector headlines, stocks reversed higher yesterday. Is the downside move drawing to a close?It might look so, but I'm not convinced yet. Despite the generally positive S&P...

Gold futures lost 0.25% on Thursday, as it retraced some of the recent advance. The market got very close to $1,800 mark on Wednesday but since has reversed lower. The recent economic data releases...

Stocks made quite a move out of the 5-day long congestion yesterday – is the downside move drawing to a close? I don't think so yet, and today's analysis will discuss quite a few reasons why. As...

The gold futures contract lost 0.39% on Wednesday after reaching new long-term high of $1,796.10. The market got very close to $1,800 mark but then it has retraced the whole intraday advance. The...

Stocks extended Monday's gains, yet retreated from the daily highs – how bullish is that?The short-term outlook hasn't changed as the S&P 500 still trades within Tuesday's intraday confines...

The gold futures contract gained 0.88% on Tuesday, as it further extended its last Friday’s advance. The market got closer to $1,800 mark. Last week’s Powell’s testimonies on...

Monday's session brought us the anticipated downside, but stocks reversed to close solidly higher. Has this been it, and the train is ready to leave the station now? The overnight dip shows it might...

Jobless claims paint a much grimmer picture than other pieces of economic data. So, the Fed (and other central banks) will remain dovish for years, which should support gold prices.More and more...

The Gold futures contract gained 0.76% on Monday, as it extended its Friday's advance of 1.3%. The market has remained above the price level of $1,750. Last week's Powell's testimonies on...

Historical precedents are in many a technician's toolbox – and it's a tool they reach for with success repeatedly. Does the yellow metal offer any interesting parallels?Gold had declined and it...

The Gold futures contract gained 1.27% on Friday, as it broke slightly above the price level of $1,750. Last week's Powell's testimonies on Wednesday, Thursday, and his Friday's speech didn't...

Friday's session added a new wrinkle to the bulls, and especially its close is a fly in the ointment for Thursday's encouraging signs. I anticipated the sideways-to-down period to arrive in July - but...

The gold futures contract lost 0.26% on Thursday, as it further extended its short-term consolidation slightly below the price level of $1,750. Powell’s testimonies on Wednesday and Thursday...

We previously wrote that while it was tempting to bet on crude oil's prices due to their weakness, it was not a good idea from the risk-to-reward point of view, as black gold didn’t invalidate...