Koos Jansen
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Koos Jansen
Posted on 11 Feb 2015 by

Guest Post: Is The $/Yen About To Take A Swan Dive?


When I looked at the chart of the $/Yen I recognized the formation immediately. Here is the current chart of $/Yen. Notice the breakout to the upside of a flat-bottomed triangle. Now where did we see something similar?


This is a chart of GLD going back five years. Notice how GLD topped, formed a flat bottomed triangle and broke up out of it. What happened next was a swan dive.


The similarities are most certainly there, as the $/Yen has run for years much like gold did into 2011. If that chart plays out the $/yen is set to plunge and that matters to gold investors for one reason. Gold trades in lockstep with the Yen/$ or the inverse of what is commonly quoted…$/Yen.


As gold plumbs major support in the low 1200’s the $/Yen has hit major resistance. When coupled with the COMP approaching a double top going back to the year 2000, one has to wonder if stocks aren’t about to rollover as the $/Yen goes down with it. All of which would give investors in gold a welcome break from the misery of the past 3 ½ years.

Written by: It’s a Mystery

Koos Jansen
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  • Dress

    Oh, the mystery man back again! ;-)

    Koos, thanks for the update though! Very interesting post!

  • B.

    Koos: your theory would also be a perfect inverse of the CHF peg to the Euro. Gold peaked at exactly the same time the Swiss franc pegged to the Euro. The recent ‘un-pegging’ suggests we may be about to see the opposite effect of what we have seen the last 3.5a. I find it curious that the de-pegging from the Euro also happened on the same day as the 15th IMFC review… which, as you know, was postponed until this December 15th. Any theories on that, Koos?

    • KoosJansen

      It’s a GUEST POST. Get it? :)

      • B.


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