One of my fav. correlations is the here shown... 4-4.5 trill. USD daily Volume in USDJPY FOREX Trade compared to a few 100 mil's in Miners. Guess who will be the mover ... GDX at 20 starts to be a long term buy.
@darth.stocks I just compared jpy/usd with a whole bunch of different miners with data going back decades ago and there are many times where jpy/usd will go up along side miner prices. Even when the jpyusd line is below the stock price.
stockalerts8888
⋅
What does JPY/USD have anything to do with gold and silver miners? To me it's simple, gold and silver go up, the miners go up.
FreeCapitalist
⋅
@stockalerts8888, He's implying that gold and silver will retrace to jpy/usd
stockalerts8888
⋅
@FreeCapitalist I don't see the miners going down now. Not with metals prices going up.
I could see the jpy/usd going up to match the SIL+GDX if the USD decreases or the JPY increases
cryption
⋅
silver and gold are both decoupling from previous correlations. The paper manipulation gig is really starting to unravel. When the supply completely evaporates like it is right now the paper manipulation play gets exposed and the real value will be unveiled which is going to be much higher.