Golden Yen

By -

It warrants repeating, that the most helpful thing that could take place in the world of financial markets to aid gold would be for the USD/JPY to take a hard tumble, which seems like a distinct probability:

Looking at decades of gold (via the long-term continuous contract) and the USD/JPY, you can see the inverse relationship. If the right triangle pattern above foretells a hard tumble, I think we can look forward to gold finally getting off its backside and performing well.

Let’s keep the long-term potential in mind, folks!