Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines

GoldSeek Radio: Harry S. Dent Jr. and Bob Hoye, and Chris Waltzek

Your Comprehensive Crash Survival Guide
By: Clive Maund

European Threats
By: John Mauldin

Yet Another Trillion-Dollar Unfunded Liability: WHY California Is Burning
By: John Rubino

Gold And Silver Prices Rise As The Markets And Oil Decline
By: Steve St. Angelo

BIS gold swaps fall in November but bank continues secret trading
By: Robert Lambourne

Listen to what gold is telling you
By: Gary Savage

Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 2% and 3% on the Week While Stocks Drop Nearly 5%
By: Chris Mullen, Gold Seeker Report

Gold Stocks Acting as They Should During Market Stress
By: Gary Tanashian

Craig Hemke Warns of Fraud in Fractional Reserve Precious Metals Markets…
By: Mike Gleason


GoldSeek Web

Monthly Gold chart with overlaid Yen/$USD cross

-- Posted Thursday, 10 October 2013 | | Disqus

By It's a Mystery

In case there is any confusion at all on whether supply and demand play any role in the gold market “currently” this chart puts that to rest. Gold takes its marching orders from the Yen/$USD cross. That is undeniable based on this chart. 

April Armageddon

The chart above shows Yen/Dollar cross represented by FXY in candlestick format and Gold in the solid line. Notice that the Yen plunged against the dollar within a few short days of the end of Japan’s fiscal year. Gold just a few days later was forced lower by hundreds of dollars all at once. It is my belief that the BIS was behind this trade.  The selling that took place in April of 2013 was “official” selling and based on the evidence it had to do with this cross. Why? I cannot say.

What is vital for those in the gold community to understand is the relationship presented needs discussing at the highest levels. That means gold mining CEOs and fund managers. We aren’t witnessing anything other than official intervention in the gold sector. These aren’t hedge funds buying and selling. This is official buying and selling. No clearing firm would ever have allowed a hedge fund or group of them to do what was done in April. The risk associated with that volume of contracts would never be allowed.

Watch what comes next!


-- Posted Thursday, 10 October 2013 | Digg This Article | Source:

comments powered by Disqus


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2019 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


The views contained here may not represent the views of, Gold Seek LLC, its affiliates or advertisers., Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of, Gold Seek LLC, is strictly prohibited. In no event shall, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.