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 of stopping. It has broken to new-all time high against many other major currencies, such as Euro, Pound Sterling, and Yen. Gold stocks should benefit […]

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 second largest primary silver producer worldwide it has the largest silver reserves with more than 550 million ounce reserve. The recent rally in Gold and […]

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 pressure to Pound Sterling. Secondly, the deadlock in EU and UK trade negotiations over Brexit would likely persist until the year-end. Then finally, Bank of […]

EURJPY decline from 6/5 high is unfolding as an impulse and can see further downside while below 6/16/2020 high.This article looks at the Elliott Wave path.

IBEX ended cycle from 3.16.2020 low and starts to turn lower. This article and video look at the Elliott Wave path of the Index.

In this article, we are going to provide an update of XAUEUR chart. In the previous article from April 23, 2020, we stated that Gold against Euro dollar (XAUEUR) should continue to move higher. XAUEUR has broken to all-time high after it broke above the previous high on Oct 2012 at 1386.5. This is very […]