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justatrader
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Awesome Silver and USD Alarm Bell - Stewart Thomson - Graceland Update

Another nice piece Stewart. But I have a few reservations. I think the markets are mixed.

USDJPY - Down (Stocks to move lower?)
Gold- Up
Oil is currently highly correlated to the equities. I think there is another leg to the downside for Oil before rising. Therefore, USDJPY/Oil/Stocks falling = Gold being supported
Gold/Silver ratio shows Silver to outperform Gold
Following the current dip, Oil's rally should lift stocks to an extend & USDJPY too, which could see Gold correct to 1200 - 1180 levels

As for Gold, I think it is well supported. Dovish Fed = Support for Gold/Hawkish Fed (Inflation) = Support for Gold)

Commented 2940 days ago

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Beginning of the headline :1.I’ve strongly stated that in the short and intermediate term, the most important price driver of gold is the US dollar’s movement against the yen.2.The dollar is the world’s largest “risk-on” market, because America is the world’s largest debtor.Japan is the world’s largest creditor.3.Downside action of the dollar against the yen is a financial fire alarm bell.When the alarm rings, many of the world’s most powerful FOREX economists urge their clients to buy gold, and many do... Read More

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