Loading ...The Odd Couple
Like it or NOT the Yen has been and is…. VERY strongly co related with Gold .
I have not heard an valid explanation for this strange association but it is undeniable.
Something about the yen carry trade but the explanation is foggy at best.
Anyhow
The yen is on Thin ice ( rice ?)
If support goes …so does Gold !
Lately there have been some articles about how it’s now the Chinese Yuan which best correlates with gold. Personally I’m unable to use this kind of information beneficially but your mileage may vary.
http://www.321gold.com/editorials/mcclellan/mcclellan092318.html
Thanks Curly..good article
yup, monthly chart even looks real ugly
I have also posted evidence that China is controlling the Price of Gold in Shanghai and has pegged the Yuan to Gold. China’s thinking, as best I can tell, is that they want to still be able to still buy the same amount of Gold for Yuan as the Yuan devalues against the USD in the ongoing Trade War.