BOMBS AWAY! Big drop coming for Gold $XAUUSD due to BOJ Yen
Diupdate
Fed is withdrawing the punchbowl, which is causing inflation in all other currencies - blowing up economies like the BOJ who now have declared unlimited bond buying - and the FED hasn't even started hiking in a major way.
https://pbs.twimg.com/media/FPQi8kqXsAIXm0c?format=jpg&name=small
If you look at a chart of the Yen it's flashing warning lights. Look at what happend to gold when the Yen (who supports the carry trade) has devalued against the dollar in 1995 and 2010 - gold dropped precipitously.
https://www.kitco.com/scripts/hist_charts/yearly_graphs.plx?au95-99=on&au00-pres=on&submitauC=View%2BCharts
On top of that, the Yen pressures the Yuan - which will have to devalue to stay competitive against the Yen in addition to the inflation exported by the dollar.
https://pbs.twimg.com/media/FPQi8kqXsAIXm0c?format=jpg&name=small
If you look at a chart of the Yen it's flashing warning lights. Look at what happend to gold when the Yen (who supports the carry trade) has devalued against the dollar in 1995 and 2010 - gold dropped precipitously.
https://www.kitco.com/scripts/hist_charts/yearly_graphs.plx?au95-99=on&au00-pres=on&submitauC=View%2BCharts
On top of that, the Yen pressures the Yuan - which will have to devalue to stay competitive against the Yen in addition to the inflation exported by the dollar.
Catatan
A respected Fixed Income Invester had this to share about gold twitter.com/MacroStratChris/status/1509954039525613569?s=20&t=bRU3oKL14dkvTJu2_xmf4Q
Catatan
Either:A. FED hikes before May
B. FED hikes 1% in May
To make this the double top that'll replicate the 00's and send gold lower
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