Przemyslaw Radomski

It was only two months ago – in April – when everyone and their brother were convinced that gold stocks are going to soar? They laughed at my warnings that this kind of sentiment is what accompanies tops, not buying opportunities…

What are the consequences for the price of gold? Will gold go parabolic? Truth be told, though, there’s not that much to write because what we saw on the market on Friday took place in exact tune with what I wrote previously.

The profits in the FCX increased once again, but junior miners didn’t decline despite the S&P 500’s downswing. Why would this be the case? In my analysis yesterday, I warned about the volatility that we might see this week, mainly due to Fed’s interest rate decision, but…

In Friday’s analysis, I wrote that gold price was likely about to form a monthly reversal – and now it’s a fact. Will gold slide? Bullion.Directory precious metals analysis 01 […]

The price of gold moved higher yesterday, but did it manage to rally back above $2,000? No! Despite USDX’s weakness, it didn’t. And this means that the odds for a bigger rally from here declined while the odds for a bigger decline increased.

Did last week’s market plunge below the $2,000 level provide the final confirmation? And why is this big news? I wrote in number of occasions that the gold price was unlikely to hold the breakout above the $2,000 level. Last week provided the final confirmation.

Looks like we just saw the first small “boom” in a controlled demolition on the markets. The only reason it’s “controlled” is because the prices are likely to fall in a specific pattern (in tune with how they declined previously) and not crumble instantly.

The XAU Index is great for assessing what’s really happening in the precious metals market. One of the most important (and one that we have the longest dataset for) indices present on the precious metals market is the XAU Index.

I’ve recently written much about the link between now and 2008, and it has profound implications not just on gold and silver stocks but also on other stocks.Based on what happened in 2008, it seems that stocks are about to move much lower in the following months. Let’s take a look at the markets from a more short-term point of view…

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

To say that junior miners were weak yesterday is like saying that the Fed printed “some money” in the last decade. It isn’t a lie, but it doesn’t convey the full truth either. Yesterday’s relative performance of junior mining stocks was a disaster

Let’s start today’s analysis with a very short-term chart (hourly candlesticks) featuring the GDXJ ETF – a proxy for junior mining stocks. These miners have been the most volatile part of the precious metals sector – at least, it’s the more popular part.

Fear and greed are common on the market, and due to them, people tend to follow specific patterns over and over again, regardless of the exact economic surroundings and also pretty much regardless of the time when it’s all taking place…

Enough is enough. No market can decline without correcting every now and then. And both gold and the USDX point to an upcoming reversal. Let’s start with gold. Looking at its price from a short-term point of view, we see that it…

Long weekends are often a chance for the markets to cool off recent emotionality and focus on the main trend. And the trend in gold is back! Gold moved sharply higher during Friday intraday trading, and…