Sunshine Profits

The CPI surged 5.4% in June, but Fed Chair Jerome Powell still sees inflation as transitory. For now, gold has risen under the dovish Fed’s wing amid higher inflation.Did you think that 5% was...

The news hitting the market is clouding the precious metals outlook – higher U.S. Treasuries and a hawkish Fed are turning into a dangerous concoction.Running Out Of Excuses With...

Today’s CPI release is in focus as inflation doubles expectations. Tech led in morning trade today in New York.Bank earnings were strong this morning; with JPMorgan Chase & Co (NYSE:JPM) and...

The ECB adopts a new inflation target. Is the European Central Bank mimicking the Fed or doing its own thing? The revolution in central banking is spreading. Following the Fed, the European Central...

It is the start of earnings season for U.S. equities, with major banks reporting this week. Let’s see how bank earnings pair up with the much anticipated CPI data on Tuesday morning.I hope the...

Gold’s days in a glamorous apartment at the top of the PMs’ building are numbered. We’d better prepare for a rapid elevator ride to the first floor.The Gold MinersWith the gold...

On June 28, the Basel III accord became binding for European and U.S.banks. On Jan. 1, 2022, it will also be binding for British banks.This new set of rules could have an effect on the entire gold...

While gold moved slightly above its recent highs yesterday, gold stocks moved to their previous lows. Can you hear the bears approaching?Gold made another reversal yesterday, and the miners declined...

Overseas markets were lower overnight on the chatter of COVID variants and the ECB. The S&P 500 is lower by over 60 handles in early New York cash trading.U.S. equity futures were lower overnight...

The latest FOMC minutes were mixed. The discussion between hawks and doves continues giving gold no comfort. Who will gain the upper hand?Yesterday, the FOMC published the minutes from its last...

The U.S. Federal Reserve has raised its interest rate guidance for 2023; and potentially late 2022. Oddly enough, interest rates have moved lower since the last Fed meeting.I see an opportunity...

It’s the week of the Independence Day holiday, and that typically leads to lighter volume trade. There is little in the way of economic data this week, so let’s find some potential...

The U.S. economy created 850,000 jobs in June. It could be another nail in gold’s coffin. What will the yellow metal do?A total of 850,000 is the number of jobs the U.S. economy added in June....

The inflationary cauldron continues to boil. However, the USDX and Treasuries are undervalued relative to U.S. GDP growth prospects. What’s going on?The Rising Tide Of Inflation While investors...

Although gold doesn’t have to suffer during the actual tightening cycle, the Fed’s hawkish turn is fundamentally negative for gold prices.Oh no, my worst nightmare related to the precious...

Holiday-style trade, narrow ranges and low volatility have been this week’s theme in the S&P 500 thus far. What is the slow chug leading up to, with Friday's big jobs number?It seems like we...