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Przemyslaw Radomski

Przemyslaw Radomskibullion.directory author Przemyslaw Radomski

Przemyslaw K. Radomski, CFA, has over twenty years of expertise in precious metals. Treating self-growth and conscious capitalism as core principles, he is the founder of GoldPriceForecast.com

As a CFA charterholder, he shares the highest standards for professional excellence and ethics for the ultimate benefit of society and believes that the greatest potential is currently in the precious metals sector. For that reason it is his main point of interest to help you make the most of that potential.

Gold & Stocks Might Be Doing Something Critical Here

Gold & Stocks Might Be Doing Something Critical Here

Miners declined as expected, but today’s action is so far in gold and stocks. Both will impact miners. Let’s start with gold. From the daily point of view, we just saw another move toward the 61.8% Fibonacci retracement based on the recent decline. This level was not touched, let alone broken. Today’s intraday high wasn’t above the Friday’s intraday high.

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Stocks Try Again, But Gold Price Doesn’t

Stocks Try Again, But Gold Price Doesn’t

Nvidia surprised positively and it soared in overnight trading as well as in the early market trading. And while it managed to take stocks higher, it didn’t take gold higher. The S&P 500 index futures are up, and they moved close to their previous highs without breaking them. In other words, it’s “here we go again” on the stock market.

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Junior Miners Just Broke New Lows – Will Gold Follow?

Junior Miners Just Broke New Lows – Will Gold Follow?

What a beautiful and profitable breakdown in junior miners! And that’s not all! This part of the bigger decline is just starting, so junior miners still have some room to fall. Gold, silver, and the S&P 500 futures are calm in today’s pre-market trading, but don’t let that fool you – the market is about to slide once again.

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Gold Price Forecast for February 2024

Gold Price Forecast for February 2024

Forecasting gold prices is not difficult if you focus on the right things. The key is knowing what. Many people are interested in commodity prices, but few know in order to predict the prices of gold, it’s great to actually analyze mining stock values. But you knew, and were not caught by gold’s fake intraday and overnight rallies in the previous days.

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Soaring Gold Price, Soaring Expectations

Soaring Gold Price, Soaring Expectations

Gold price futures jumped higher today – was the current gold price forecast affected? In short, not really. As I explained previously, it’s much better to focus on how the market is likely to interpret whatever is coming its way, and we know this thanks to technical chart analysis.

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A Pause is a Pause, Nothing Else

A Pause is a Pause, Nothing Else

Why did the miners’ decline pause? Might this be a bottom? In short, it might, but it’s highly unlikely that this is indeed a bottom. Yesterday’s pause is natural given the support that miners are encountering and given the situation in the USD Index. Let’s start with the latter…

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Rallies? Nope. These Are Breakdown Verifications

Rallies? Nope. These Are Breakdown Verifications

Some rallies – being breathers within declines – are not bullish. And that’s what we see in gold and silver today. Before moving to the precious metals sector, let’s take a look at the currency markets as what’s happening there is one of the key building blocks for the situation in the gold, silver and miners.

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Gold Price Bottom or Just a Breather?

Gold Price Bottom or Just a Breather?

Every time gold moves back up, the same question emerges – was that THE bottom? The key thing for gold is the massive weekly reversal that formed over two weeks ago, and we saw another weekly reversal last week. The implications are very bearish for the weeks to come…

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Important Analogy for the Markets – Including Gold

Important Analogy for the Markets - Including Gold

Some say that war never changes, and in some aspects, that’s true. But markets’ reactions to war are also remarkably similar. What I’m going to start today’s analysis with is not something you’ll read in many places. Usually, analysts are either following just the technicals or just the fundamental aspects of a given market. But the true edge comes from…

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What Happens to Gold Price When it Finally Rebounds?

What Happens to Gold Price When it Finally Rebounds?

After testing new highs, gold is likely to move far, up or down. Previously, I wrote that the price of gold was about to decline after its massive reversal and that’s exactly what happened. The decline is now likely to continue, but there’s a good chance that we’ll see at least a small rebound from $2,000 or slightly higher levels.

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Gold Price at New Highs? Sellers Say NO.

Gold Price at New Highs? Sellers Say NO.

The huge rally in gold and the monstrous decline that followed provided a sign of epic proportions. Gold price’s huge-volume reversal is the last thing that anyone even remotely interested in the precious metals market should ignore. The Gold price was just soaring to new highs like there was no tomorrow, and then it happened.

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Don’t Buy at the Top. Analyze.

Don’t Buy at the Top. Analyze.

The USD Index is soaring today, so let’s start today’s free analysis with this market. You can probably already tell that it’s likely that today’s (0.6+) rally is the start of something bigger and not just a one-day event. Let’s check why – starting with my previous comments on this market as they remain up-to-date…

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Stocks and Silver Have Something to Say about Gold

Stocks and Silver Have Something to Say about Gold

Silver just shot up, and given what the stock market is doing, it makes perfect sense. Namely, it’s most likely the final part of the rally in them both, and the same is the case for gold and mining stocks. Starting with the stock market, it’s still the case that the shares are following their early-2022 path.

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A Precious Gift from Precious Metals Sector

A Precious Gift from Precious Metals Sector

What a powerful bearish confirmation! Not only did our profits increase yesterday, but we got this precious gift, too! What gift, you ask? The powerful bearish confirmation, of course! Did you see the… Rally in gold? The yellow precious metals moved higher by $12.50 yesterday. It happened on low volume, indicating that it was just a breather, but still…

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Gold Price Forecast for November 2023

Gold Price Forecast for November 2023

Gold didn’t just invalidate the move above $2,000. It moved even lower – that’s how we know the invalidation is real. And so are its consequences. After gold’s suspicious rally, we see a very real decline. And the decline in silver and mining stocks is even bigger.

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Perfect (and Profitable) Reversal in Miners

Perfect (and Profitable) Reversal in Miners

Theoretically, it’s not really important to pick the exact top – it’s good to be just near it when making transactions. And to be 100% precise, all that matters is that the exit price is more favorable than the entry price for a given trade. And if the annualized rate of return is better than the risk-free rate of return (one that bonds provide), then it’s already very good.

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So, Is the Bottom Finally Near?

So, Is the Bottom Finally Near?

Gold, silver, and miners have been declining substantially recently, just as the USDX has been soaring. But all (good?) things come to an end, right? While the above is up for debate, it’s definitely true that no market moves up or down in a straight line *cough* except for silver *cough* without periodic corrections…

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New Low in Miners, New Record in Profits

New Low in Miners, New Record in Profits

It happened! Junior miners moved to new 2023 lows! If one opened a short position in GDXJ this year and they hold it, they are profitable. The question – of course – is if junior miners and the rest of the precious metals sector are going to continue to move lower from here or will they bottom, just as they did previously when they were trading at similar levels.

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Short-Term Gold Price Outlook Remains Bullish, But…

Short-Term Gold Price Outlook Remains Bullish, But…

Whoever requested the extra portion of signs from gold and gold stocks certainly didn’t have to wait for long. Gold stocks severely underperformed gold once again, and this means that the end of the rally in gold is probably near. It might or might not be completely over just yet.

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2023 is a Down Year for Silver and GDXJ

2023 is a Down Year for Silver and GDXJ

Did you notice that for the HUI Index, GDXJ, and silver, 2023 is already a down year? In today’s analysis, I’ll dig into the former. Remember how I wrote in mid-July that after the weekly reversal, junior mining stocks were likely to move lower…

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Gold Price Forecast for August 2023

Gold Price Forecast for August 2023

Making gold price predictions is not an easy feat, but every now and then, we get blessed with a clear signal. And we saw one in July 2023. It’s visible on the monthly chart that features not only the key parts of the precious metals sector but also one of the key gold price’s drivers – the USD Index.

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A Little Decline Here, a Small Rally There… It’s Happening.

A Little Decline Here, a Small Rally There… It’s Happening.

The USD Index is on the rise, and the precious metals sector is declining. Big things can have small beginnings, though, and that’s normal. In yesterday’s analysis, I focused on what’s currently most important from the medium- and short-term point of view on… pretty much all markets

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USDX Hits New Lows, Is Gold Asleep?

USDX Hits New Lows, Is Gold Asleep?

And so, it happened – against the odds and rising real rates, the USDX is at a new yearly low. But is gold at a new yearly high?… The decline in the USDX was truly significant. Things are (still) very exciting on the USD Index front. Yes, it’s declining, and yes, it’s excitingly… Bullish.

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Ready for MORE Profits in Gold Miners?

Ready for MORE Profits in Gold Miners?

So, yeah, gold, silver, and mining stocks declined yesterday. This did not surprise you, as I’ve been emphasizing multiple reasons due to which this was the likely outcome. But I admit the power with which juniors declined yesterday amazed me even more than I thought it would. And I get rarely surprised by the markets.

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Gold Price Forecast for July 2023

Gold Price Forecast for July 2023

The month is over. The week is over. Some things changed, some things didn’t. What can one predict for gold price in July 2023? While it might appear that not much happened in gold last month, in reality, it declined by over $50 – and that’s no small feat.

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Gold Can’t Slide Indefinitely, Can It?

Gold Can’t Slide Indefinitely, Can It?

Gold price “was supposed to” hold above $2k, but it looks ready to break below $1,900. At what price can we see a turnaround? Let’s investigate gold’s chart to find out…

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It’s Not Necessarily All About Gold Price…

It’s Not Necessarily All About Gold Price…

Boring day for precious metals, but brace yourself for some major stocks action! I’ll be honest – there’s not much going on today, at least for the precious metals market. Things are pretty interesting for stocks, though…

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Now THAT Was the Game-changer for the Price of Gold!

Now THAT Was the Game-changer for the Price of Gold!

In a game-changing turn of events, yesterday’s FOMC meeting shattered hopes of a quick, dovish U-turn as the Fed announced the possibility of raising rates twice this year. Yesterday’s FOMC and the following press conference were groundbreaking.

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Will the Fed Hike? What If? Gold Price Outlook

Will the Fed Hike? What If? Gold Price Outlook

Chirp, chirp!
Hear that? That’s the canary in the coal mine. The Bank of Canada just raised interest rates after two no-change decisions, and it was quite common for the Fed to follow the BoC.

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The Tricky Rally in Gold Stocks – Don’t Be Fooled

The Tricky Rally in Gold Stocks – Don’t Be Fooled

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…

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The Debt Ceiling Deal and the Price of Gold

The Debt Ceiling Deal and the Price of Gold

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.

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Top in Stocks? Implications for Gold Miners and… Profits

Top in Stocks? Implications for Gold Miners and… Profits

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…

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Przemyslaw Radomskibullion.directory author Przemyslaw Radomski

Przemyslaw K. Radomski, CFA, has over twenty years of expertise in precious metals. Treating self-growth and conscious capitalism as core principles, he is the founder of GoldPriceForecast.com

As a CFA charterholder, he shares the highest standards for professional excellence and ethics for the ultimate benefit of society and believes that the greatest potential is currently in the precious metals sector. For that reason it is his main point of interest to help you make the most of that potential.