Regarding gold and the precious metals, as goes the
US dollar and as goes the Yen/EUR cross so too goes
gold…and silver… and platinum and palladium too for
that matter; oh, and copper too. The correlations for
the past several weeks have been nothing but extraordinary,
moving almost “tickfor-
tick” as it were. If the
Yen/EUR cross is able to move
upward into “The Box” as noted
above, then spot gold may
move upward toward $930-
$932 later today. There it is
likely to find strong… perhaps
even formidable… resistance.