by Stewart Thomson
Silver Seek
Graceland Updates
1. I’ve strongly stated that in the short and intermediate term, the most important price driver of gold is the US dollar’s movement against the yen.
2. The dollar is the world’s largest “risk-on” market, because America is the world’s largest debtor. Japan is the world’s largest creditor.
3. Downside action of the dollar against the yen is a financial fire alarm bell. When the alarm rings, many of the world’s most powerful FOREX economists urge their clients to buy gold, and many do with substantial size.