Market Update
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JPY strength leading to massive turmoil in markets. Japanese 6-months rates are making 11-year highs. Same mechanics as in May-2006.
Most overvalued currencies should correct even more (GBP, NZD). USD also vulnerable, but could be supported by PCE today.
Gold and silver very vulnerable to more JPY strength.
Stocks looking really ugly with half the move in May-2006 in one single day
posted by GoldTrade @ 4:04 AM
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