Sunshine Profits

Gold Futures finally closed above $2,000, but if one is betting on the rally’s continuation, it’s too early to open that champagne.There are a few things about yesterday’s move...

While geopolitical conflict has kept gold afloat, mining stocks’ weakness signals trouble ahead. While risk assets attempt to break free of their bearish corrections, gold’s relative...

Recession winds are blowing, and the next major gust could push silver over the edge.While silver has benefited from the Middle East conflict, history shows the white metal can’t escape the...

S&P 500 went closer to the 4,300 level again – will the uptrend resume?The S&P 500 index lost 1.34% on Wednesday as it retraced its Monday’s-Tuesday advances. The market bounced...

The price of gold soared once again yesterday, but there are important signs suggesting that this rally is close to being over.The current action in the precious metal sector continues to be...

The situation in the Middle East is getting worse, and we’re likely moments away from a full-blown military operation. What’s gold likely to do?In short, gold is likely to rally, but that...

While the recent Israel-Hamas turmoil helped boost the yellow metal, the domestic fundamental outlook is much less supportive.Substantial Drawdowns AheadWith inflation outperformance amplifying U.S....

Stocks fluctuated following their recent rally – will the uptrend continue?The S&P 500 index gained 0.43% yesterday as it basically went sideways following the recent advance. Stocks were...

Let’s check the technical situation on the GDXJ’s chart, which serves as a proxy for junior mining stocks.We’re focusing on them, as mining stocks often lead gold and silver prices,...

Silver has been a major underperformer in recent months, as the white metal proved no match for higher real yields and a stronger USD Index.With silver gunning for its 2023 lows, the recent...

New yearly low in the GDXJ, plunging silver prices, and louder questions about the upcoming bottom. Let’s start.Yesterday’s session was the first one that we saw this year when the GDXJ...

Despite all of the fundamental components in place for a rally, gold remained relatively weak on Sep. 28. A beautiful setup was wasted on Sep. 28, as gold showed no strength despite weakness from US...

S&P 500 bounced from a new low yesterday, but was it a bottom?The S&P 500 index gained 0.02% on Wednesday, as it went sideways following an intraday rebound from a new medium-term low of...

The precious metals sector was likely to decline, and that’s exactly what it did yesterday. The USD Index soared once again, as we expected.Let’s analyze what happened in gold prices,...

 I warned the miners were weak, and they again buckled under the pressure.As a result, yesterday’s comments remain up to date, and I encourage you to read them to understand what should...

With the fundamental roadblocks adding up, silver confronts a bearish outlook at nearly every turn.With the FOMC’s hawked-up SEP and Powell’s inflation focus upending several risk assets,...