The yen’s slide — or demise, as some might have it — has correlated so closely with gold’s dirge that we may be able to use their relationship to nail a tradeable low. The September contract looks bound for the 0.88060 target shown. If so, and August Gold is testing support at or very near a $1230 low recorded almost exactly a year ago, I’d say it’s a safe bet to get long there — in either vehicle — with a stop-loss as tight as you can abide. Please let me know in the chat room if you fill an order, since I can establish a tracking position for your further guidance if at least two subscribers have done the trade. _______ UPDATE (July 22, 5:08 p.m. EDT): Last week’s leap from lows well above my 0.88060 target is bullish, but it would need to exceed July 5’s 0.91110 peak to become meaningful. Here’s a chart that shows this.
