GG is stepping up production and is paying off debt. All while a very pretty cup and handle is forming. Where do we stop in the medium term? I'm betting on .60.
First published idea, give it a like!
I have been looking at XAGUSD vs XAGCAD, with the theory that the relative performance of the pairs could be a signal. In this scenario, CAD should be thought of as a proxy for commodities, of which Silver is just one. The USD is acting as a measure of the wider economy, and the role Silver plays in it.
Starting with the long term then, some general notes. The...