Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!

Dollar/Yen and Gold

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

My general “dollar down, precious up” continues to pan out nicely. Let’s take a fresh look at the USD/JPY to see how the dollar is, lower high by lower high, winning the Charmin Single-Ply Race compared to the Yen:

In turn, gold is having a grand old time……….

A few days ago, however, I mentioned that gold would have an important barrier at the “easy-to-remember figure of 2020”. And here we are. The range between 2020 and 2090 is the overhead supply. Gold is going to have to hack its way through this thicket. If it does, I think you’ll see the excitement around precious metals increase (I’m already start to see more mainstream commercials appear touting gold).

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.