It warrants repeating, that the most helpful thing that could take place in the world of financial markets to aid gold would be for the USD/JPY to take a hard tumble, which seems like a distinct probability:
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Looking at decades of gold (via the long-term continuous contract) and the USD/JPY, you can see the inverse relationship. If the right triangle pattern above foretells a hard tumble, I think we can look forward to gold finally getting off its backside and performing well.
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Let’s keep the long-term potential in mind, folks!
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