Sugar and Silver

Diverged during the great moderation 1980-2003. Charts are arithmetic scale.

The 1970s: Coffee and Sugar

I expect a pullback given my overall bearish interpretation of near-term macroeconomic forces. Longer-term, coffee has a nice base that will beget a double or tripling of its price. Sugar is not nearly as bullish as coffee here, but starting from a lower price, it would be a quadrupling or sextupling if it followed (or led) coffeee in a bullish/inflationary scenario.

Sugar

The 1970s are calling.

Here's a sugar producer from mainland China.

Canadian one:

Honey Honey Can I Get Support

The futures charts aren't updated for close yet, here that means you can't see the failed breakout. Sugar is at 16.20 curerntly, coming up on that green support line. Coffee also pulled back today, but the breakout is still intact.