Sunshine Profits

For some time, silver’s chart was very boring. It did nothing for weeks. Precisely, it kept trying to break above its 61.8% Fibonacci retracement level, and then it invalidated that breakout.And...

What a slide! The GDXJ ETF moved over 5% lower on Tuesday and closed at a fresh 2023 low. Is this the bottom, or is the slide likely to continue?Let’s take a closer look at the charts to...

While the VanEck Junior Gold Miners ETF (NYSE:GDXJ) (upper part of the chart) moved only a little above its recent high, silver has pretty much doubled its previous short-term upswing.What Are the...

Let’s start today’s analysis with a very short-term chart (hourly candlesticks) featuring the VanEck Junior Gold Miners ETF (NYSE:GDXJ) – a proxy for junior mining stocks. These...

It’s usually impossible to tell exactly why a given market is going to move in a certain direction. It can rally based on all sorts of reasons, but all those reasons (news, reports,...

The S&P 500 index gained 0.31% on Monday, as it fluctuated within a consolidation following its recent declines. The market opened higher, but it retraced the advance and closed below the 4,000...

Crude oil prices continued to rise after reports from the financial press suggested a larger-than-expected drop in Russian production.The two global crude benchmarks are still enjoying momentum that...

Enough is enough. No market can decline without correcting every now and then. And both gold and the US dollar index point to an upcoming reversal.Let’s start with gold.Is It Over?Looking at its...

Gold stocks just closed at a new 2023 low. Not only that – miners declined more than gold while silver was strong. That’s a VERY bearish combo.Silver Joined the PartyLet’s jump right...

Gold’s medium-term outlook is one thing, and it is likely linked to real rates. However, is there anything bullish about gold’s short-term picture?Looking at gold from the short-term point...

Gold stocks and silver are sliding to new 2023 lows, and gold (after closing 2022 at $1,826.20) is catching up. Will it cancel its entire 2023 rally?In all likelihood – yes. Then it’s...

What is pulling crude oil prices down?Oil prices fell further on Wednesday after the surprise decision by the US government to release millions of additional barrels from its strategic petroleum...

The S&P 500 index lost 0.03% on Tuesday following as-expected consumer inflation release. However, the market extended its advance from its Friday’s local low of 4,060.79, as...

Between 2020 and now, quite a lot happened, quite a lot of money was printed, and we saw a war in Europe. Yet gold failed to rally to new highs.It’s trading very close to its 2011 high, which...

The flash US PMI Composite Output Index registered 46.6 in January, up from 45.0 in December. It implies that the decline in business activity softened to the slowest in three months. But it was a...

Gold recently moved above its August highs but stopped – approximately – at its June highs. This doesn’t have to be the top, but it’s pretty likely to be one, especially since...