WEEKEND REVIEW: Silver is at the foot of a 30% rally, great r/r

TVC:SILVER   CFDs on Silver (US$ / OZ)
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Xag buy at 15.279..anything above that is a risk
you're mentionning a potential agreement that could trigger a RMB rally, in that case how do you see the impact on the yen ?
+2 Reply
lapin_eliott lapin_eliott
@lapin_eliott, to be precise, ok with gold up = yen up, ok with RMB manipulated to he downside = gold cannot shoot up, ok with RMB rally = gold unlocks its upside potential, but agreement whith chinese=RMB rally= market relief = yen crashes as usual .... :( so looks like complicated to have at the same time gold, RMB and yen up.
Rob.Reynolds lapin_eliott
@lapin_eliott, for pretty much the entire year of 2016 you seen the Yen and SPX500 rally in tandem with each other. You can assume that if one asset moves this way the other must. Everything Im looking at says Yen up. Although I think that trade war is becoming an issue its the drain on liquidity that is my issue. A lot of people talking about banks increasing buffers to allow for a drain on liquidity but I dont buy that argument. The QT for July is almost double the prior months.
+1 Reply
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