Silver rose to a new high of 2016 in the second quarter as a result of strong investor and speculative demand amid an environment macro support for precious metals. Overall this year silver has been a star performer. White metal ingots outshone well, marking an increase of 37 % compared to 22% increase in Gold. […]

Short term Elliott wave count suggests that rally to 79.13 ended wave X. Decline from there is unfolding as a double three where wave ((w)) ended at 75.95 and wave ((x)) bounce is in progress as a double three towards 77.77 – 78.15 area before the decline resumes. As far as pivot at 79.16 stays intact in the […]

Short term Elliott wave count suggests that rally to 79.13 ended wave X. Decline from there is unfolding as a double three where wave ((w)) ended at 75.95 and wave ((x)) bounce is proposed complete at 77.53. While bounces stay below there, and more importantly below 79.13, expect the pair to extend lower towards 73.6 – 74.35 area. […]

The latest US Consumer prices number last Friday rose by 1.1 percent year-on-year in August 2016, which is above the market consensus of a 1% rise. This number is the biggest inflation figure in 4 months. Annual core inflation, excluding food and energy, rose to 2.3%, also above market expectation of 2.2%. Although both numbers beat expectation, […]