Break to New All-Time High in Gold Confirms Bullish Market
Gold has finally broken to a new record high this week, confirming the secular bull market has resumed. We know it's a matter of time as it has made a…
Gold Miners Junior (GDXJ) Breaks 7 Year Base
Gold prices continue to extend higher as the EU sets to announce a historic €750 billion coronavirus stimulus. The US Congress is also debating for a new aid package to counter…
Pound Sterling Gains from Positive Brexit Headlines
British Pound Sterling gained last week against major currencies as positive headlines on Brexit negotiations start to trickle. The chart below shows the gain of Pound Sterling against some major…
Elliott Wave View: Franco Nevada Corp (FNV) Impulsive Move Higher
Franco Nevada (ticker: FNV) is a Canada-based company that own royalties and streams in gold mining and other commodity and natural resource investments. The company does not operate mines, develop…
Bullish Breakout in GDXJ (Gold Miners Juniors) Imminent
Gold market continues to extend higher with uncertainties in pandemic and ultra-loose monetary policy by central banks. It has printed a 7 year high of $1779 and shows no sign…
Elliott Wave View: Pan American Silver (PAAS) Bullish Outlook
Pan American Silver Corporation (ticker: PAAS) is a Canadian mining company with operations in Latin America. The company has mines in Mexico, Peru, Bolivia, and Argentina. It is the world's…
Bullish Sequence in EURGBP Favors More Upside
Pound Sterling declined against a basket of currencies last week after a series of negative news. First of all, Bank of England (BOE) decided to increase quantitative easing by £100BN, putting…
Elliott Wave View: EURJPY Can See More Downside
Elliott Wave View in EURJPY suggests the decline from 6.1.2020 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from 6.1.2020 high, wave 1 ended at 120.23…
Elliott Wave View: IBEX Has Turned Lower
IBEX shows an incomplete sequence from November 2007 high and still favors more downside while below 2.19.2020 high (10093). Near term, the Index ended the rally from 3.16.2020 low in…
