Loading ...Yen continues to coil…
I’ve been watching this for a while. The 200 WMA should be crossing above the declining 400 WMA right around the end of the year. I think for the metals and commodities to really perform, we are going to have to see a yen bull market.
Given the importance of the long term direction of the yen, we could easily see bankster shenanigans before the yen finds its true, long term direction, which means some violent, large whipsaw moves are probably incoming soon.
We just have to hold on during the day session when the Empire rules. The Asian markets are doing all the heavy lifting.
The TIP is rising. That means real yields are sinking deeper into negative territory.
In the short run, anything can, and usually does, happen.
In a vacuum, the weekly PM charts are still super bullish. Between now and the ultimate top, I doubt anyone will be able to nail short term tops and bottoms consistently. It’s probably not worth even worrying about, because if things don’t play our how you exactly expect them, you are more likely to be shaken out. Just buy the dips and patience will ultimately reward you.
Good advice Nautilus
I see you have been around the gold Block a few times 🙂