Helicopter money would weaken the YEN. A strong Yen and Gold going up are highly correlated.
First he said Helicopter money was coming YEN weakened (That drove Gold down yesterday) remember.
Today he says no Helicopter money Yen strengthened stock market down Gold up. Today
I think it’s not what the bank action IS but rather how it it’s effectiveness is percieved – to me this was shown in the recent ’11-’15 bear mkt in PM’s. Had the stock market not traded higher during that time on QE stimulus gold would not have faltered – the tide has turned and gravity is now being ‘perceived’. At least here in the US, unless GDP and corp earnings miraculously (sp?) do a U turn upward – I don’t see any way out for the CB’s other than to let what little inflation there is to take root.
So lets get this strait
Japanese Helicopter Money is BAD For Gold
Printing yen ad infinitum hurts Gold
Not complaining today but
Maybe someone aught to rethink this concept
IF The US however ever went helicopter…Gold would soar
InfiniteDollars and Infinite Yen have the opposite effect ?
sheesh
Helicopter money would weaken the YEN. A strong Yen and Gold going up are highly correlated.
First he said Helicopter money was coming YEN weakened (That drove Gold down yesterday) remember.
Today he says no Helicopter money Yen strengthened stock market down Gold up. Today
I think it’s not what the bank action IS but rather how it it’s effectiveness is percieved – to me this was shown in the recent ’11-’15 bear mkt in PM’s. Had the stock market not traded higher during that time on QE stimulus gold would not have faltered – the tide has turned and gravity is now being ‘perceived’. At least here in the US, unless GDP and corp earnings miraculously (sp?) do a U turn upward – I don’t see any way out for the CB’s other than to let what little inflation there is to take root.