Here is an interesting observation from an appreciative Reader here.

I have been a long time PM and miner investor (since 2000) and gave been following gold tent for years. I really appreciate the community there.
I don’t need to post or anything, as I think the current TA analysts, especially Northstar and Patrick, are doing an absolutely outstanding job.

However, one very interesting observation that I don’t think has been pointed out yet is the unprecedented low volatility that has developed over the last 4 years in the swiss franc and the yen. In particular, if you look at Bollinger bands for large time frames for the yen ($XJY) and the swiss franc ($USDCHF), for example, 600 days or 200 weeks, you will see that the Bollinger bands have tightened up to a level that hasn’t been seen in at least 30+ years.

The bottom line is that huge amounts of energy have been stored up over the last 3-4 years and are likely to be unleashed imminently. Of course, its possible we can get an initial large head fake (that will widen the bands), only to reverse and head in the opposite direction. Really, the take away is that the volatility in two currencies that have been highly correlated with commodities and PMs is about to ramp up big time (I would guess that a massive and sustained move is no more than a year away).