WHAT IS REALLY MOVING STOCKS AND GOLD? $GLD $SPY $FXY $EWJ $DXJ $HEWJ $SLV $GDX $GDXJ #GOLD #YEN
Investors are always interested in the real reason behind moves in stocks and gold. I have previously explained the reason behind gold move in my column titled “Is it time to back up the truck and buy gold and silver?”
Thursday, the Japanese yen is at it again. The yen is leading, gold and stocks are following. The correlation is crystal clear from the annotated tick chart.
Please click here for an annotated tick chart of yen, gold and stocks.
The chart marks the time when Bank Of Japan (BOJ) made its announcement. The yen immediately gapped up. Gold followed to the upside, and stocks followed to the downside.The… Please click here or the title below to read more.
April 28, 2016