OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Gold is a dollar yen trade and has been for a long time.

Posted by sbr @ 12:33 on August 6, 2014  

If you are looking for a why I can only offer a guess. The CBs manage their balance sheets and gold holdings via algos. It is not necessarily the levels of dollar/yen. It is the movement.

Supply and demand are 100% irrelevant in the precious metals, until they become relevant.



Watch this chart. If gold ever significantly de-couples then you have a paradigm shift. This is a one year chart and gold trades inversely.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.