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Is the Bank of Japan Trying to Crash the Markets?


 -- Published: Monday, 5 December 2016 | Print  | Disqus 

By Graham Summers

 

Is the bank of Japan trying to crash the markets?

 

This is not conspiracy theory. In the last month the BoJ has devalued the Yen 14% against the $USD.

 

http://goldseek.com/news/2016/12-5gs/image002.jpg

 

By any other measure this is a crash as far as currencies go.  And it could lead to MAJOR issues for the financial system.

 

The last time the BoJ collapsed the Yen this aggressively the ENTIRE commodity markets imploded collapsing over 40%. Oil ended up collapsing from $60 to sub $48 in a matter of weeks.

 

http://goldseek.com/news/2016/12-5gs/image004.jpg

 

Eventually this mess spilled over into stocks with China being forced to devalue the Yuan and the S&P 500 Crashing 10% in a few days as a result.

 

 http://goldseek.com/news/2016/12-5gs/image006.jpg

 

Here's the Yen/$USD pair today with the S&P 500 (blue line)... this could get VERY ugly VERY fast.

 

 http://goldseek.com/news/2016/12-5gs/image008.jpg


Another Crisis is brewing… the time to prepare is now.

 

Best Regards

 

Graham Summers

Chief Market Strategist

Phoenix Capital Research

 


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 -- Published: Monday, 5 December 2016 | E-Mail  | Print  | Source: GoldSeek.com

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