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Dollar/Yen and Gold

This is a syndicated repost published with the permission of Slope of Hope. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

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).

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