Holy Crap! Japan Down 5%! June 12, 2013Submitted by Michael Nystrom on Wed, 06/12/2013 - 22:10
In spite of all of Japan's efforts to print money, the Yen is NOT weakening:
Highly unstable situation. Japan is like the final exam for the Keynesianists, and at this point, appears to be failing.
Meanwhile, gold can barely catch a bid, and looks like it has way further to fall:
Strange times folks. What's the word, Sierra? Last I saw from you, you said gold will drop to 1320, then head for the moon. Does that still hold?