In this report I look at the early market action from London on Wednesday July 5th, 2017. I also look at the close relationship between gold and the Japanese yen.
Thanks for your take on this very frustrating situation with the gold / silver prices. I am still buying silver (at these rock bottom prices), but also have bought some crypto currencies. Watching and investing in cryptos has kept me from feeling too beat up by the gold / silver prices. So, keep stacking and yes, think about buying some cryptos too!
Long track record for fiat dollar looks dismal. Short track record for crypto looks good. I choose crypto because I see no future in the dollar. If wrong, I expect little difference.
In regards to Gold, I have to say that the entire market is completely co-opted. As you may already know, the LIBOR rigging scandal was just the tip of the iceberg. I suspect the same for Gold in various respects.
Japanese Yen is in danger of extreme devaluation, JGB's (Japanese Govt Bonds) have been failing to attract bids which is the beginning of the end for their debt market.
If your correlation holds, JPY devaluing would crush Gold in the process. Its also why I think we're going to see a leg down in Gold before anything positive happens, long term.
Thanks for the update! I wouldn't worry about North Korea launching any missiles at us (USA). It's all theater!
Love the info. Keep up the hard work you are doing for it is helping the little people and for that I thank you.
Much to learn. Thank you for sharing. My head is spinning but I will learn to navigate crypto!
@tkkinney You are welcome.
Thank you very much for all your valuable advice. I will follow you because I am a beginner in crypto and your videos are gold for me. Good job.
@izbing You are welcome and thanks for watching.
It makes you wonder how such a small group of people have kept the world enslaved for all these years without the people revolting
Thanks for your take on this very frustrating situation with the gold / silver prices. I am still buying silver (at these rock bottom prices), but also have bought some crypto currencies. Watching and investing in cryptos has kept me from feeling too beat up by the gold / silver prices. So, keep stacking and yes, think about buying some cryptos too!
Long track record for fiat dollar looks dismal. Short track record for crypto looks good. I choose crypto because I see no future in the dollar. If wrong, I expect little difference.
Quick question, why do you think there is correlation between Yen and gold?
In regards to Gold, I have to say that the entire market is completely co-opted. As you may already know, the LIBOR rigging scandal was just the tip of the iceberg. I suspect the same for Gold in various respects.
Japanese Yen is in danger of extreme devaluation, JGB's (Japanese Govt Bonds) have been failing to attract bids which is the beginning of the end for their debt market.
If your correlation holds, JPY devaluing would crush Gold in the process. Its also why I think we're going to see a leg down in Gold before anything positive happens, long term.
Enjoy your videos, thanks for your analysis!
Don't forget that gold is related to US bonds too. When there's a selloff in bonds, there's a selloff in gold too. It has been a trend for some years.