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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: freelyhovering who wrote (93543)	6/19/2017 5:26:01 AM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 218792

Possibly, but gold is more responsive to currency fluctuations and the Yen specifically... gold and the Yen have been moving in lock step for a very long time, if you want to see what gold will do, then keep a close watch on the Yen... why this is the case is beyond me, but that's the relationship... maybe Abe is controlled the price of gold, who knows... Gold is also a great measure of the people's trust in banks... when the fear of bank collapse increases, then so does the price of gold... Otherwise, gold has no real value other than it's more rare than copper... it earns no interest, it doesn't grow, it does nothing... Here are both of their 5 year weekly charts... Gold: Yen: GZ