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Wednesday, November 30, 2016
While Yen and Gold have had a buxom buddy friendship of late, they were not always joint at the hip, or the boobies.
Between 2001 and 2008 the Yen Index was up 7%, while commodities (as defined by CRB) had their biggest 8 year rally.
Oil was up 14 fold during this time.
In 2008-2009 Yen had a big spike and was up 20% while commodities crashed.
Between 2009 and 2012, Yen Index went up another 15% while oil moved from $35 to $100 and most commodities did very well.
Between 2012 and mid 2014 Yen Index went down 20% and commodities stayed flat.
Between late 2014 and 2016 Yen index went down another 15% and commodities crashed.
I dare you to find the correlation between Yen and the CRB from the above data.
It is however GoldBug Spray, as in insecticide for the Gold Bugs. Gold bugs make ludicrous claims and it is my aim to get them to act a little bit more rationally with their portfolios and perhaps their lives.
I will try and dissect one argument a week. I will also repost my comments from other sites as a lot of my timeless wisdom is already contained in it.