THE REAL REASON BEHIND GOLD AND SILVER MOVE TODAY $GLD $SLV $GDX $FXY $YCS,

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This post was just published on ZYX Buy Change

The real reason behind the gold, silver, and miner up  move today is a rumor that the Bank of Japan will announce $120 billion QE tonight.

The Japanese yen has also weakened against the dollar because of  the rumor.

We have not been able to confirm the rumor.  However, it will not surprise us if the rumor turns out to be true.  Yen is too high and is hurting Japanese exports.   The Bank of Japan has previously stated that it wants to weaken the yen.

What To Do Now?

Those holding YCS long or FXY short may continue to hold but not add unless there is another signal on the Real Time Feed.

Those not in YCS or FXY may wait for a signal on the Real Time Feed to initiate a position.

There is no change in our prior stance on gold and silver.

See also  NVIDIA TO EXTEND ITS AI DOMINANCE – MOMO TURNS NVIDIA INTO A CASINO – SELL THE NEWS REACTION

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