Sunshine Profits

The gold futures contract gained 0.26% on Friday after breaking slightly above the February 24 high of $1,691.70. Friday’s daily high was at $1,692.80, but closing price was $1,672.40....

The gold futures lost 0.09% on Wednesday, as it fluctuated following Tuesday's post-Fed's rate cut rally. On Friday the price collapsed to $1,564 level despite an ongoing coronavirus scare. The...

Stocks opened up on a bullish note yesterday, but the bulls gave up all of their gains and then some. This has happened despite the Fed’s surprise rate cut that intended to calm the markets. As...

Yesterday, the Fed cut interest rates by 50 basis points. Not during a regular monetary policy meeting, but in a surprising move. But what are the implications for the gold market specifically?Fed...

The gold futures contract gained 3.11% on Tuesday, as it retraced Friday’s sell-off after surprising Fed’s interest rate cut at 10:00 a.m. On Friday the price collapsed to $1,564.00...

The gold futures contract lost 4.61% on Friday, as it retraced its whole February advance in just one day. The price collapsed below $1,600 mark despite the ongoing corona virus scare. The recent...

The bulls didn’t really get their act together yesterday, and the early gains evaporated a few hours into the session. As stocks closed near their daily lows, what chances of invalidating...

The Gold Futures contract lost 0.04% on Thursday, as it continued to fluctuate after retracing most of Friday’s-Monday’s rally. The daily trading range remained relatively big yesterday,...

With new cases of COVID-19 outside China rising, the chances of a pandemic and global recession have increased recently. What are the implications for the gold market?Coronavirus Spreads Over The...

The gold futures contract lost 0.42% on Wednesday, as it fluctuated after retracing most of Friday’s-Monday’s rally. The daily trading range reached over 30 dollars and it shows how high...

Tuesday’s session brought us another day of strong selling that overpowered whatever buying attempts emerged. And it turned out that yesterday’s premarket upswing was the key one. Before...

The gold futures lost 1.59% on Tuesday, as it erased its Monday’s rally. The price of gold has also retraced most of Friday’s advance, before closing 23 dollars above the daily low. It...

The gold futures contract gained 1.69% on Monday, as it further accelerated its uptrend following breaking above $1,600 mark. The price of gold is the highest since early 2013. Investors keep buying...

While last week brought us higher stock prices, Thursday and Friday were bad days for the bulls. And little wonder, as the technical deterioration continues to play out. Looking at both the closing...

The gold futures contract gained 0.54% on Thursday, as it extended the recent advance even further above $1,600 mark. The price of gold has reached new medium-term high of $1,626.50. It is the highest...

Some things that we outlined previously, happened yesterday or in today's pre-market session (gold moved to $1,630, and gold miners moved to their January high) and some things didn't take place...