Strong Linkage Between the Yen and Gold Breaking Down for First Time in Over a Decade

Strong Linkage Between the Yen and Gold Breaking Down for First Time in Over a Decade

The Yen and gold have tended to broadly trade in lock-step fashion since the latter’s secular lows in the early 2000s. If deviations have appeared in that pattern the Yen has appreciated or depreciated rapidly to make up the difference…

Look to Under-Weight and/or Find Shorts in This Industry

Look to Under-Weight and/or Find Shorts in This Industry

I don’t like the Clothing & Accessories industry. I believe it and its constituents are prone to serious downside risks over the intermediate-term and should be under-weighted, avoided all together or shorted. The chart below shows the ratio of the…...

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