Regime Change

I have noticed the breakdown in the long-standing correlation between gold and dollar yen in recent weeks.  Tonight we show the new correlation between gold and Chinese yuan. The U.S. dollar is falling precipitously against both gold and yuan.  Will this new correlation perisist?  That is not guaranteed, but if it does it shows the western Central Banks have lost the narrative. And this new correlation is, I believe, very, very bullish for gold.

 

click chart to enlarge

 

click chart to enlarge

The tidal work has been spot-on of late. Interesting how the lunar-based analysis seems to get in gear as the calendar heads to Autumn each year.

 

click chart to enlarge

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