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I Have a Theory

 -- Published: Wednesday, 8 July 2015 | Print  | Disqus 

In the snippet below you see the price of gold and the Yen/$ overlaid. Please note that $/Yen is typically quoted. This is the inverse so the correlation is easily seen. I went back years and found no deviation of this correlation of note until this past week. Something dramatic happened after the Greek vote.

Someone was forced to sell or someone simply cratered the entire commodity complex, irrespective of $/yen.


Here is a chart and respective headlines about the country of origin. Are Western powers trying to crush China? Is it retaliation for what was discovered June 4? China is in panic mode at the moment and whatever bounce occurs here will get sold and sold massively. Could the West be engaging in financial warfare?

It brings me back to last July when this happened. Incidentally, this story simply vanished from the news. Will we ever have concrete evidence of what happened? What I do know happened next is depicted in the chart below.


Are differences in geopolitics spilling over into markets in the form of financial warfare? I believe there is a good case for that based on what has happened in the past year. I will also mention that what has happened in the OTC derivative market adds a great deal more credence to that theory. China and Russia have accumulated vast amounts of gold over the past few years.

It is obvious to anyone with a grasp of history that gold and silver are not performing in typical fashion. There are those like Armstrong who claim this is normal but I for one have never seen record demand result in plunging prices. Something is amiss here. Oil should be plunging due to record supply but that is not true for the metals.

The world appears at war, only it is a financial one from the looks of it.


It’s a Mystery

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 -- Published: Wednesday, 8 July 2015 | E-Mail  | Print  | Source:

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