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 | Steve Saville - Speculative Investor |
| TSI’s Principles of Technical Analysis |
| Although my primary focus is on the fundamentals, I do use Technical Analysis (TA). However, many of my TA-related beliefs deviate from the mainstream. Below is a collection of these beliefs presented in no particular order. The collection is not comprehensive, but it gives an overview of how I think historical price action can and can’t be used.
Note that there is significant repetition in the following list, in that a similar meaning is sometimes conveyed in separate points using different worFriday, November 20, 2020 |
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| Silver technicals - Zealllc |
 Silver Technicals |
| Silver is a perpetually fascinating commodity. It shares much in common with the golden king of precious metals, yet it is also quite different in so many ways.Monday, March 9, 2020 |
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 | Przemyslaw Radomski CFA - SunshineProfits |
| Are We Going to $1,120 or $1,510 No Matter What, Own Some Gold! |
| Who will win: bulls or bears? The LBMA published its annual forecast survey for precious metals prices in 2018. Gold prices range from $1,120 to $1,510. Where is the price of the yellow metal headed?
Summary of the Survey
The views of about 30 analysts in the 2018 forecasts are strongly divergent. The average price of gold is projected to be $1,318, so it is expected to be around the current level, but almost 5 percent higher than the last year’s average of $1,257.12. However, the average gold pFriday, March 16, 2018 |
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 | Keith Weiner - Monetary Metals |
| Open Letter to GATA |
| Dear GATA and Mr. Chris Powell:
I am writing this in response to your article Monetary Metals’ Weiner refuses to see anything wrong in the gold market.
There is a certain irony for me to read that I refuse to see. I have spent eight years studying the mechanics of the market, building a model, developing software to run the model through several generations, and licensing nearly three terabytes of data giving ever bid and offer in both the spot and futures markets with sub-millisecond resolutionThursday, March 15, 2018 |
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| Przemyslaw Radomski CFA - SunshineProfits |
| Unbiased Gold Analysis of Draghi Dropping the Bias |
| The ECB dropped its easing bias on Thursday. Monetary hawks are pleased. But doves are holding tight. And what does gold do?
Hawks Awaken in Frankfurt…
A major change at the European Central Bank! On Thursday, it removed its long-standing pledge to increase bond buys if needed. In January we could read that statement:
(…) if the outlook becomes less favourable, or if financial conditions become inconsistent with further progress towards a sustained adjustment in the path of inflation, we stand rWednesday, March 14, 2018 |
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| Przemyslaw Radomski CFA - SunshineProfits |
| Make Gold, Not (Trade) War! |
| “So it begins.” This is what King Theoden said right before the Battle of Helm’s Deep in the Lord of the Rings. Fortunately, the army of Uruk-hai doesn’t threaten the kingdom of men. But something else – also dreadful – endangers us. Trade wars.
Are Trade Wars Good?
President Trump shook the world last week, saying: “(…) trade wars are good, and easy to win.” Wrong! Each economist will say that. It’s true that economists often argue with each other. People even said “two economists, three opinioFriday, March 9, 2018 |
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| Przemyslaw Radomski CFA - SunshineProfits |
| Will Stars Shine on Gold |
| Major blow to the EU! The populist Five Star Movement won about one-third of the votes in the Italian general elections. It’s another negative shock for the European establishment. Will these stars shine on gold?
Five Stars Movement Triumphs
We live in strange times. To be a hairstylist, you need a license. But you can become a politician being just a comedian and telling jokes. We refer here to Beppe Grillo who co-founded the Five Star Movement a decade ago. Although the party was initially perTuesday, March 6, 2018 |
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| Przemyslaw Radomski CFA - SunshineProfits |
| Why Did You Send Gold Lower, Mr. Powell |
| Not nice, Mr. Powell! Gold prices fell more than 1 percent after your comments as the Federal Reserve’s new chairman. What did you say – and what are the implications for the precious metals market?
As We Warned, Powell Is More Hawkish
We have been alerting investors about the hawkish turn at the FOMC for a long time. For example, in the Gold News Monitor on February 13, we wrote that Powell could move faster on normalization than Yellen, as the macroeconomic conditions have become more favorablFriday, March 2, 2018 |
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| Przemyslaw Radomski CFA - SunshineProfits |
| Stocks Who Cares You Should Worry about Something Else! |
| Investors are still worried about the stock market. It’s quite understandable, given the recent correction, but it draws their attention away from the really important developments. Let’s analyze the hidden threats and consider how they could affect the gold prices.
It’s Bonds, Stupid!
Let’s establish one thing at the beginning. The bond market is more important than the stock market. First, it’s significantly bigger. The global bond market exceeds $100 trillion, while the global stock market isTuesday, February 27, 2018 |
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 | Steve St Angelo - SRSRocco Report |
| Dow Jones Tanks As Silver Market Price Bottoming |
| During the last 90 minutes of trading on Wednesday, the Dow Jones Index tanked by 400 points. Supposedly, the steep selloff had something to do with the release of the Fed minutes. However, today, the market has reversed once again and is up by 200 points. Unfortunately for mainstream investors, it doesn’t matter what the Fed or Wall Street have to say; the broader markets will continue to fall precipitously over the next few years.Interestingly, as the indicators point to extreme leverage inFriday, February 23, 2018 |
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| SRSrocco - SRSRocco Report |
| Dow Jones Tanks As Silver Market Price Bottoming |
| During the last 90 minutes of trading on Wednesday, the Dow Jones Index tanked by 400 points. Supposedly, the steep selloff had something to do with the release of the Fed minutes. However, today, the market has reversed once again and is up by 200 points. Unfortunately for mainstream investors, it doesn’t matter what the Fed or Wall Street have to say; the broader markets will continue to fall precipitously over the next few years.Interestingly, as the indicators point to extreme leverage inFriday, February 23, 2018 |
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| Przemyslaw Radomski CFA - SunshineProfits |
| Gold Bulls, Brace Yourselves – Fed Hikes Are Coming! |
| Are they? As usual, the FOMC minutes provoked diverse interpretations, both dovish and hawkish. Let’s analyze them, separating the wheat from the chaff. What do the recent minutes really mean for the gold market?
Hawks Attack Bullion
We have long warned investors about the hawkish treat. For example, as early as in the October edition of the Market Overview, we wrote that the Fed under Powell could be more hawkish than under Yellen. In December, after Powell’s nomination, we elaborated on our stFriday, February 23, 2018 |
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| Przemyslaw Radomski CFA - SunshineProfits |
| The End Is Near |
| The doomsayers have been calling for recession for years. Mainstream economists laughed at them, painting a rosy picture. However, the recent plunge in the stock market strengthened the pessimists’ hand. They interpret the dive as a signal of a coming recession. Is the end of the stock market boom really near?
What Lies Ahead?
The recent stock market turmoil brought traders to their knees. We, of course, covered the descent for our readers, calling for calm. We urged investors not to panic aboutTuesday, February 20, 2018 |
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| Przemyslaw Radomski CFA - SunshineProfits |
| Strange Link between Inflation and Gold |
| It was a strange day. Inflation surged yesterday. But gold dropped initially, only to quickly reverse the fall and fly into the air. What happened? And – importantly – will gold soar on the inflation fuel?
Inflation Rears Its Ugly Head (or Tries to, at Least)
The recent payrolls report showed that wages had jumped 2.9 percent in January on an annual basis. It was the best result since 2009, which awakened fears of inflation. That’s why investors awaited yesterday’s data on consumer prices. On TuThursday, February 15, 2018 |
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| Przemyslaw Radomski CFA - SunshineProfits |
| Key Change That Nobody Talks About |
| Last week, everyone focused on the stock market sell-off. Reasonably enough, given the pace of the declines. But the analysts failed to pay enough attention to the very important shift. That change may be more important than Trump’s victory in the presidential election. Will the critical switch make gold shine – or dull?
Three Important Legacies of Yellen’s Fed Tenure
A crucial change is behind us. Powell is the new boss. Yellen is out. For better or worse, she doesn’t serve as the Fed Chair anyTuesday, February 13, 2018 |
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| Przemyslaw Radomski CFA - SunshineProfits |
| Three Truths about Stock Market Sell-Off Gold Investors Should Know |
| Until recently, the financial press was reporting confidence in the global economy in 2018. Participants at the World Economic Forum in Davos were full of optimism and they outdid each other in upgrading their forecasts. One week later, the global stock market plunged, making analysts stupefied. “As equities tumbled, gold should shine”, almost everyone thought. But that’s not what we saw. What really happened, then?
Crash or Correction? – That Is the Question
Global equities were a sea of red ovThursday, February 8, 2018 |
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| Przemyslaw Radomski CFA - SunshineProfits |
| Will Hawkish Fed and Strong Payrolls Blow Out Gold Rally |
| At the end of last week, gold encountered a couple of headwinds. Will they topple the yellow metal?
First Gust of Wind: Fed
As we predicted, the last FOMC meeting turned out to be more hawkish than expected. On January 30, we wrote:
(…) the Fed has its own meeting this week. We could see a hawkish strike, especially that it will be the last Yellen’s meeting and she has nothing to lose. The changing composition of the policy committee could also point to a more aggressive pace of rate hikes in 20Tuesday, February 6, 2018 |
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| Przemyslaw Radomski CFA - SunshineProfits |
| Four Key Trends for Gold Market in 2018 |
| The World Gold Council published its gold market outlook for 2018. Will gold continue its January rally or should we expect declines?
Solid Gold’s Performance in 2017
The World Gold Council begins its report with a short summary of 2017. The organization points out that gold performed relatively well, given the fact that the global economy picked up, risk assets rose in value, while the Fed hiked interest rates three times. Against this backdrop, the price of gold in U.S. dollars rose 13.5 perceThursday, February 1, 2018 |
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| Przemyslaw Radomski CFA - SunshineProfits |
| Gold Sits in the Central Banks’ Claws |
| Central banks remain powerful creatures. Will gold escape from their grip?
Bank of Japan
It’s a hot period in central banking. On Tuesday, the Bank of Japan kept its monetary policy on hold. Kuroda tried to convince the markets that the BoJ won’t follow the Fed towards an exit from easy monetary policy soon. “We haven’t reached the stage of thinking about how to handle an exit [from monetary easing]”, he said. The BoJ Governor also insisted that the bank is fully committed to easy monetary policWednesday, January 31, 2018 |
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| Przemyslaw Radomski CFA - SunshineProfits |
| Gold Gains a Powerful Friend |
| Yesterday, gold won an influential supporter in the White House. Who is he?
The Enemy of Gold’s Enemy Is Gold’s Friend
As the ancient proverb goes, my enemy’s enemy is my friend. Although it is usually employed in foreign policy, this concept also applies to finance. Given the negative correlation between the greenback and gold, the enemies of the U.S. dollar are generally gold’s friends.
U.S. Treasury Secretary Steven Mnuchin has recently joined this elite club. On Wednesday, he welcomed the weThursday, January 25, 2018 |
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