darth.stocks

Gold: Still a FOREX Trad and not a Bull market

AMEX:GDX   VANECK VECTORS GOLD MINERS ETF
57 0 3
Sorry to bore you once again with my Gold/JY correlation. This Time a bit different since we see a almost perfect correlation between GDX             (hence Gold             ) and JY strength/weakness. With CB             grands currently in Basel at the BIS we need to expect CB's action on Brexit turmoil. Recent Kuroda statements point to quite some significant intervention due to JY strength. So I recommend to stay out of the market. You can forecast charts, but not central bankers action! I really love this free market....
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