The chart below paints a disastrous picture for the $/Yen. This chart is extremely bearish.

Based on this chart alone, it is my opinion that the FED is going to make a mistake. Either it will raise and find out it cannot get the Funds rate to .25% or worse, they choose not to raise and lose credibility for a very long time.

Below is a chart of gold in Rands, which has dramatic implications for all of the South African miners. Incidentally, most of these miners are trading at levels that would imply sever balance sheet impairment.

The chart shows a clear breakout from a multi-year consolidation.  The 20 year chart below shows the breakout from a longer term perspective. That is an all-time high.

I won’t bore you with COT’s and Comex inventories. What I will tell you is the dollar peaked and it is going down hard.

It’s a Mystery

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 -- Published: Friday, 11 December 2015 | E-Mail  | Print  | Source: GoldSeek.com

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