Yen Mining News

Long and intermediate trends crushing commercials…

Precious metals expert Michael Ballanger discusses the tug-of-war going on between the Japanese yen and the U.S. dollar/Chinese yuan, and its effect on precious metals.

Today's chart of the day is $XJY (Japanese yen – Philadelphia)

Over the last couple of days the yen has broken a multi-year down trend line and completed a higher high for the first time in 4 years.

Dollar strength

Markets this week have been all about renewed dollar strength, with precious metals side-lined.

Too much of a good thing is not a good thing

I am beginning to feel a bit like one of the French unfortunates stumbling through the fog in the Ardennes, circa 1914. Except that, instead of Germans full of deadly intent coming at me in the gloomy forest, it is a flock of black swans.