Dislikedthe question is when will this manipulation stop....how far down before the blast off.... Posted April 10th, 2013 by Jim SinclairIgnored
Listening to CNBC this morning, the Yen is in trouble and every man and his dog in Japan is throwing away their currency buying commodities such as gold XAU/JPY. Apparently the XAU/JPY (I never knew such pair existed) is Sky rocketing due to purchase of gold up against a weakening yen. Look at all the Yen paired currency to see how bad the Yen is going.
Now how does this effect our pair XAU/USD?
Due to the depreciation of the Yen the Usd is now worth more, so therefore you can get more gold with the USD.
I hope this makes sense.