Sunshine Profits

Despite yesterday’s bearish opening gap, the bulls closed it, taking prices higher in a very measured and cautious way. Then, the bears took over the reins and drove the index well below the...

The gold futures lost 1.25% on Monday after reaching a new monthly high of $1,775.80. It has retraced almost all of its month-long decline from April’s high. On April 14 it was the highest since...

There is true havoc in the US labor market, while the inflation rate has declined. What does it mean for the gold market?True Pandemonium Emerges in the US Labor Market This week was full of economic...

Yesterday's session did away with the non-confirmation of last week's reversal from the 50% Fibonacci retracement. Junk corporate bonds lent their support to the stock upswing, and the S&P 500...

Whenever one hears the words precious metals, gold and silver spring to mind. But this world is much richer, and precious metals don’t end with the yellow or white metal. The less well known...

Just like the precious metals market, black gold ended the previous week with a sizable upswing. The rally continued in the early Monday trading, as crude oil moved decisively above its previous April...

Neither on Thursday, nor on Friday did the bears manage to break below the 50% Fibonacci retracement. Stocks rebounded, albeit less convincingly than on Thursday. Or was it convincing enough?...

Crude oil soared higher yesterday and in today’s pre-market trading, which shows you why it was a good idea to remain cautious yesterday, despite crude oil’s breakdown below the rising...

Just when it appeared that the bears will get a third consecutive daily close lower, stocks rebounded from the 50% Fibonacci retracement. Having stabilized and adding to the intraday gains within the...

It turned out that the pronouncements late Tuesday by Kaplan and Kashkari were an opening act in yesterday’s appearance by Jerome Powell. The Fed chair’s realistic and grim assessment just...

The Gold Futures contract gained 0.56% yesterday as it extended its Tuesday's advance. However, the market continues to fluctuate within a short-term consolidation. Gold price remains close to...

The broad stock market has extended its short-term consolidation in the last five trading days (May 6 - May 12). On March 23, the S&P 500 index sold off to new medium-term low of 2,191.86. It was...

April job report shows a terrible US labor market. Coronavirus destroyed 20.5 million jobs, pushing the unemployment rate to almost 15 percent. How far does the number reflect reality–and what...

Last week’s economic data releases have basically confirmed coronavirus damage to global economies. The U.S. Unemployment Rate hit almost 15%, as Friday’s monthly jobs data release showed....

The recent volatility in most markets was really extreme, which means that it was easy to lose focus on the things that matter the most in case of the gold market. It was relatively easy to keep...

Friday’s key data point were the non-farm payrolls. Horrendous and coming in at minus 20,500K, they surprised on the upside. After their release, stocks continued adding to their overnight...