Absent Incremental QE from B-of-J, USDJPY Threatening a Major, Sustained Move Lower
The USDJPY cross closed above its 12 mo MA for every month beginning with Oct-12 and ending Aug-15. That’s a massive three year up-trend. However, in all of the charts below it’s technicals appear quite bearish and in my view, threaten a…...
Silver Potentially on the Cusp of an Explosive Move Higher
In the chart below I show bullish descending wedge patterns in silver across history at (A) and (B). Pattern (A) begins at a major structural peak in 1982 and lasts ~four years, completing itself with a bullish break-out in late…...