The most counterintuitive moves in gold prices over the last 2 years have coincided with Japanese economic policy announcements. Over a month ago I wrote about GYEN as a key indicator of central bank intervention, following the Bank Of Japan’s Halloween announcement. Here is a remarkable article that deeply investigates the connections between gold, the Nikkei stock index, Yen, and many other measurable financial indicators.
This article provides a compelling explanation for so many “unexplainable” market developments over the last 2 years. This is not just about gold. It effects all markets and economic policy. It also points out that are limits to this new intervention mechanism.