Mostly: Classical

[ItsAllCyclical]

You have any opinion on the Yen here w/respect to gold?

Don Coxe is/was of the opinion that of the last $50 or so much was related to the YEN falling and interest rates still being set so low in Japan. Seems to me the exits are going to get very crowded once Japan starts to raise (obviously markets will anticipate this). Unlike the US, Japanesse citizens actually save and they value gold.

http://www.investorshub.com/boards/read_msg.asp?message_id=9685857

Yen still in it's downtrend channel, but as you probably know lots of hedge fund carry trades probably use the Yen. I'm thinking this could have a big impact on all commodities and not just gold. Of course the question is always...when.