Przemyslaw Radomski, CFA | TalkMarkets | Page 6
Founder, Golden Meadow
As a CFA charterholder, Radomski shares the highest standards of education, ethics, and professional excellence for the ultimate benefit of society. He also holds a masters degree in Finance and Banking, and is currently writing his thesis after having finished his PhD studies in ...more

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Gold Price’s Suspicious Daily Rally
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.
War Concern Peaked, But Did Gold Price Peak?
The March, April, and May tops were close to each other. That didn’t prevent gold from declining, and neither will it prevent gold from declining right now.
Gold Price Is Holding Its Breath
While gold paused at its declining resistance line, the GDXJ ETF – a proxy for junior mining stocks – paused at its 50-day moving average.
Gold Price To Top After The Military Operation Starts
The forecast for gold price is actually bearish. Gold is not that likely to decline right away, but it is likely to decline soon.
Stocks’ Very Important Reversal And Its Implications For Gold Miners
After a daily rally, precious metals took a breather. But will it last? Let’s check the technical situation on the GDXJ’s chart. We’re focusing on them, as mining stocks often lead gold and silver prices.
So, Is The Bottom Finally Near? Yes
Gold, silver, and miners have been declining substantially recently, just as the USDX has been soaring.
Was That The Bottom Yet?
Miners showed strength by moving slightly higher while gold moved lower.
RSI For Mining Stocks Is Below 30 And It’s Not A Buy Signal - YET
New yearly low in the GDXJ, plunging silver prices, and louder questions about the upcoming bottom.
Breakdown Confirmed – Full Profit Speed Ahead
The GDXJ topped on Friday at $33.20 and then declined by almost a dollar, closing the week at $32.23. In this way, junior miners verified their move to new 2023 lows.
So, Even Bigger Profits In Mining Stocks?
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.
Sinking Miners Boost Our Profits: Should We Stay Short?
Gold was not the only part of the precious metals sector that reversed in a profound manner. We saw the same things in silver and mining stocks.
The Day When Gold, Silver, And Miners Reversed
A reversal can be powerful. Two are often a game-changer. We just saw three.
That Rally In Gold Might Not Be Over Just Yet
Reversals ARE important, especially when confirmed by high volume. Thursday’s reversal in gold worked – it rallied, just as I had warned.
It’s Not A Rally, It’s The Final Chance To Prepare
The tiny consolidation continues, making the overall picture even more bearish – just like the calm before the storm. That’s how the situation looks in the junior mining stocks from a very short-term point of view.
Junior Miners Decline The Most – Again
Once again, very little happened on the precious metals market and in the USD Index yesterday.
Gold’s And Gold Stocks’ Loud Silence
The precious metals market is likely to slide, quite likely profoundly so, and junior mining stocks’ prices are likely to truly slide.
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