We've been noting a deterioration in the Yen's technical status lately, which would help Japanese exports and its stock market in general. Here is the daily view of the Yen,…
We looked at the precious metals miner ETFs on Tuesday and the status there has not changed. They are still below the EMA 12 & 20 but trying to hold the 50 day moving averages, which means they are still in short-term downtrends and intermediate up trends. For my part, I added a couple items on downside activity (explorer/developer PG.TO just above its MA 200 & royalty/streamer SLW at its MA 50s) but also still hold the DUST and JDST hedges, as noted in the NFTRH 397. This hedging, which sometimes proves unsatisfying could last hours or days. As noted in the previous update, the struggle to hold the MA 50s will decide whether it will have been a quick correction or something deeper.
Gold bugs especially should be watching Yen and USD. The trend is against Uncle Buck and with the Yen and if that holds up we could be looking toward the…
The Yen index has dropped below the 50 day averages for the first time since January, but has not made a lower low. So it remains in an uptrend, but…
Below is the first segment of this week's edition of Notes From the Rabbit Hole, NFTRH 393: The Fed has been trying to promote inflation. That is not the guy…
BoJ stands pat, surprising substance addicted markets and JPY/USD slams higher. This after we have noted the trend change in USD/JPY since early in the year. Other currencies vs. USD…
The last time the Yen made signs that the natural market was going to increase its value, the BoJ sprang into action and harpooned it. Now the natural market may…
Catching up on Uncle Buck and Johnny Yen, we return to the monthly comparison chart. Yen continues to search for a low to bounce from if it is going to…
Excerpted from Notes From the Rabbit Hole #240, dated May 26, 2013. Alan Greenspan gave them the playbook (Credit & Debt Manipulation 101) and now Ben Bernanke and global inflators…