
-
First Majestic Silver ($AG) Broke Higher from 10 Year Consolidation
Read MoreFirst Majestic Silver (symbol: $AG) is a Canadian silver-mining company which operates in Mexico. It has 7 mines, although only 3 most cost-efficient mines are currently operating in San Dimas, Santa Elena, and La Encantada. It’s considered to be one of the purest silver mining companies with 60% of the revenue derived from Silver. If […]
-
Supply Problems and Weak Dollar Buoy Sugar Prices
Read MoreSince the corona virus hit in March earlier this year, price of Sugar future (SB) has remained depressed as demands projected to plummet. Prices fell sharply lower at 42% to 9.2 cents per pound in April. Over the past few weeks however, prices have made impressive returns due to drought in Thailand and weaker U.S […]
-
Copper Looking for Bullish Breakout
Read MoreSince bottoming in January 2016 low at $1.93, Copper has traded in a narrow range between $1.9 – $3.3. Earlier this year, the red metal collapsed to the lowest in more than 4 years at $1.9725. This happened due to the Covid-19 breakout around the world which dampens global growth. However, despite the extremely challenging […]
-
Has The Euro Dollar Finally Turned the Corner?
Read MoreThe Euro Dollar has continued to slide since topping out on July 2008 at 1.6038. However, sentiment on the euro has recently improved after European Union leaders agreed to massive stimulus plan to counter the corona virus. The deal will see the EU issue 750 billion euro ($882 billion) of joint debt to help member […]
-
Break to New All-Time High in Gold Confirms Bullish Market
Read MoreGold has made a new all-time high suggesting the next leg higher has started. This article discusses potential target for Gold using Elliott Wave.
-
Gold Miners Junior (GDXJ) Breaks 7 Year Base
Read MoreGold 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 the economic effects of the pandemic. With all the unprecedented fiscal and monetary stimulus, market once again seems to expect inflation to make a return. […]