Y(EN)-TERVENTION Imminent?

Y(EN)-TERVENTION Imminent?

When one thinks about the world’s largest exporters of “widgets”, China and Japan come to mind first. Which, in turn, should lead one to a consideration of the JPYCNY cross. Now, given the CNY peg to USD, the JPYCNY cross…...

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Heightened Prospects of a Material Single-Day Plunge in Gold

Heightened Prospects of a Material Single-Day Plunge in Gold

In a recent post on gold we highlighted its generally bullish position with respect to our historical framework but added the caveat that it faced a significant near-term test – i.e., the 1993 analog comparison which showed how it had traded…...

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