darth.stocks
Long

Fascinating: Gold JPY correlation

FX:XAUUSD   Gold/U.S. Dollar
413 6 4
One of the most fascinating things with gold             is it's almost constant price in JPY. Why? Keeping it constant on appreciating Yen means shorting Gold             . We are now at a sentiment change! Short JPY and long Gold             .So, why is there a need to keep Gold             in JPY constant? Well, maybe/probably the bullion bank gold             is not in China but rather in Japan... As a collateral for their long JPY carry trades....?
bracken
a year ago
Interesting!
Japan i said to be the world's biggest credit nation while USA is the world's biggest deptor nation. Gold is prised in USD. Maybe that has something to do with it?
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darth.stocks bracken
a year ago
I would rather look when BOJ announced their various QQEx's and when bullion banks withdraw something from their vaults... Just guess. Was it before any QQE announcement or after...?
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bracken darth.stocks
a year ago
Don't know the answers to that question.
But I know there are some very big private japanese gold investors. It should definitly be worth following up. As far as I know BOJ (officially at least) are not partically big on gold.
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bracken
a year ago

Congrats btw to your very good call yesterday on gold (bullflag). Impressing..
Saved me a couple of bucks. Thank you so much!
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darth.stocks bracken
a year ago
You're welcome... But I didn't expect today's behaviour. And I did not expect GS and BofA changing their opinion...
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bracken darth.stocks
a year ago
There are some "friends" you don't want.....like GS and BofA
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