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Mostrando las entradas de mayo, 2020

Gold price projections in May 2020

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According to the model developed by the AXL Capital Management team, this report issues the projected levels of Gold prices for May 2020. For May 2020, the model indicates a lower limit of US $ 1,619 / 0z, and an upper limit of US $ 1,787 / Oz, the latter represents the maximum value since November 2012. When analyzing those results with technical price indicators, the conclusion made that if the upper lateral channel of US $ 1,742 / Oz breaks, the next level projected by the model is feasible to reach: US $ 1,787 / Oz. Chart # 1: The daily chart of the price of Gold shows a side-channel whose upper level is US $1,742 / Oz, and the lower level is US $1,671 / Oz. The US economy is reopening in many states, a slow recovery of jobs expected, which at the date of this report reaches a record historical figure of 33, 483,000 jobs lost from 03/21 to 05/02 (Data, Federal Reserve Bank of St Louis). That figure represents almost the entire Peruvian population.

The economy in times of coronavirus

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The Holistic vision by the Engineer Roque Benavides is a very clear explanation of speak of the Economy in times of virus crown and giving the structured approach as the vision of containment, reactivation, Investment with economic, social development, respect for the environment and health care for the workers. @Roque_Benavides: The coronashock is unprecedented. Characteristics of the crisis: Abrupt shock in productive capacity that immediately passes to the financial markets.   Fast and severe: The collapse in the markets (of the equity market and debt) occurred in three weeks. Simultaneous recession in developed and emerging economies. Key characteristics of a scenario for the year 2020: Until after winter, restrictions on some economic activities and the free movement of people. Fiscal response to the crisis equivalent to or more than 3% of GDP. The economic balances of companies and families significantly affected. High credit risk. Deteri

A look at the great Peruvian mining company of gold-copper Buenaventura

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By: Yro Sune Cortez Ramos, April 2020. The purpose of this analysis is to assess the current context, market capitalization, risks, the performance of its share price, and, in general, the challenges facing the Minas Buenaventura company due to the diversification of its production in precious metals and base metals. It has a "natural" hedge to the volatility of the price of metals, an essential requirement to reduce risk in any investment portfolio, and it could also have a higher bullish momentum of its share price in the following months.   1. INTRODUCTION Compañía de Minas Buenaventura (BVN), is a Peruvian mining company that performs exploration, mining, and processing of Gold and Silver minerals as well as Copper, Lead, and Zinc. The company operates 7 mines in Peru and keeps a shareholding in major gold mining fields in Peru such as Yanacocha in Newmont with (43.6%), and copper mines such as Cerro Verde in Freeport McMoRan with (19.5 %). COVID-