Loading ...Gold and Yen : The Odd Couple
Since 2007 ( 10 years) The Yen has been the most co related Currency with Gold
Looks pretty close to 100%
So we should study the Yen to see where gold is going.
Safe to say IF yen 80 goes Gold goes too !
Ironic isn’t it. Gold Bulls are depending on a strong yen at a time when the Japanese Economy is considered to be a complete basket case and these yen thingies are nearly worthless. I mean you need a bazillion of them to buy a cup of coffee
https://www.google.ca/?gws_rd=ssl#q=1 JPY to USD
sheesh
Got yen ? 
Good overlay Fully, can’t do on Android Netdania.
Eye opening correlation Fully, another great chart to follow! Without sounding like a kiss ass, I would like to request that you add you self to the others on the sidebar. (Fully’s latest Post) Rereading previous post has become one of my favorite options on the site. Its become one of my quick reference tools in my ever building tool chest.
Then, gold’s 13.5 mths cycle ends Feb and if it’s still right translated, then peak to next peak works out to end of this summer.
Yeah, a month or two ago, Tom McClellan posted a yen gold correlation chart on twitter, and issued the claim that if you own gold, you are essentially placing a bullish bet on the yen. I posted a link to that piece here at the time.
With their demographics, they are a total basket case. And yet Kuroda and Abe seem to maintain enough political support to double down on continuous policy failure. Do the people seem to know somehow, that for them there’s no way out?
ZH used to post articles documenting the underlying dynamics of the yen gold hedge that accounted for the close correlation. But it was over my pay grade.
As for me, I have to assume that for the yen the pressure remains down … just as for the dollar it remains up. Over the longer term. I’ll maintain investing biases in accordance with that until something major changes. But trade with the ebbs and flows.