EmptyEternity

BOMBS AWAY! Big drop coming for Gold $XAUUSD due to BOJ Yen

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EmptyEternity Обновлено   
FOREXCOM:XAUUSD   Золото / Доллар США
Fed is withdrawing the punchbowl, which is causing inflation in all other currencies - blowing up economies like the BOJ who now have declared unlimited bond buying - and the FED hasn't even started hiking in a major way.

https://pbs.twimg.com/media/FPQi8kqXsAIXm0c?format=jpg&name=small

If you look at a chart of the Yen it's flashing warning lights. Look at what happend to gold when the Yen (who supports the carry trade) has devalued against the dollar in 1995 and 2010 - gold dropped precipitously.

https://www.kitco.com/scripts/hist_charts/yearly_graphs.plx?au95-99=on&au00-pres=on&submitauC=View+Charts

On top of that, the Yen pressures the Yuan - which will have to devalue to stay competitive against the Yen in addition to the inflation exported by the dollar.
Комментарий:
A respected Fixed Income Invester had this to share about gold
twitter.com/Mac...954039525613569?s=20&t...
Комментарий:
Either:
A. FED hikes before May
B. FED hikes 1% in May
To make this the double top that'll replicate the 00's and send gold lower
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