Sunshine Profits

Gold roller coaster seems to go on and on without an end. But what we have seen this week was more of a bungee jumping.

The World Gold Council published a report last week that raises a few important questions and quite a few eyebrows, so let’s examine it.

This week price moves in the gold market could certainly give investors the creeps.

Precious metals mining stocks may not look too encouraging recently – with mostly declines in 2013 and lack of any spectacular rally.

In our previous essay we stepped back from the day-to-day price analysis in order to focus on the major event that happened recently on the silver market (the silver – JP Morgan manipulation lawsuit was dismissed) and today we would like to get back to the recent price moves, however, first, let’s discuss the current situation on the bond market.

Every now and then we receive questions about JP Morgan and the allegations that the company suppresses the price of silver. In our Q&A section we answered some of those concerns by replying to a question about JP Morgan and silver manipulation. In that answer we wrote the following:

We at Sunshine Profits suggest holding three precious metals (in a physical form) as long-term investments in a “default” precious metals portfolio – gold, silver and platinum.

Perhaps you have heard that the Fed is printing money to get out of the crisis and that such actions cannot possibly end other than in even more money being printed and in the dollar losing its ability to buy you tangible assets.

Gold moved sideways for the last six weeks, with each rally and correction sparking either new hopes or new fears about the yellow metal.

Last three months were sort of a roller coaster for precious metals investors – gold and silver hit a local bottom at the beginning of November and it looked like nothing could stop a strong rally to follow.

Perhaps you have never heard of the Bank for International Settlements (BIS) located in Basel, Switzerland. Perhaps you have never heard of the Basel Committee on Banking Supervision (BCBS), a separate legal entity with headquarters at the BIS. But these two regulatory bodies play a considerably important role in the development of international banking supervisory … Continue reading

This week we’ve seen a decent rally in gold, silver and other precious metals and precious metals mining stocks, sparked off probably by the fiscal cliff deal.