Japanese Yen
CIGA Eric
Volume continues to shrink as it markets time at support. This bullish tape awaits a technical trigger.
Japanese Yen (FXY): ![clip_image001[1]](http://1.bp.blogspot.com/_m5i6pLhlNWU/S56L4vTSOGI/AAAAAAAABR8/dBtbCKZ0vU4/s1600-h/FXY.JPG "clip_image001[1]")
Quick Note on Gold Wave Analysis
CIGA Eric
Please do not confuse my Gold Wave Analysis with Elliot Wave analysis. It is completely different.
Cycles, energy of the trend, and movement of the leveraged money flows.
ABCD is merely a designation of the natural cycles within the gold trend. It also considers the energy within the tape to forecast both duration and magnitude. In other words, it produces a time based forecast that is consistent with the energy of the previous cycles and direction of the leveraged money flows.
The Gold Wave Analysis suggests a mean, average window, bottom around May (plus or minus a few months). Cycles influence the money flows, and the money flows can slightly modify the cycle timing. This feedback loop is important, so they must be watched together.
Further Comments and Charts:
US dollar Diffusion Index
Gold Diffusion Index
Gold’s cross-currency strength signals its evolution
CIGA Eric
Gold’s rally to record highs in euro and sterling terms and the resilience of spot prices in the face of a rising dollar is sign-posting the metal’s broadening insurance appeal, as sovereign debt fears shift to the fore.
Absolutely nothing new here. Jim, Dan, and I, as well as others have recognized rising global gold prices for years. What’s interesting is that Reuters, a conduit, is recognizing it. Always watch for subtle changes.
Source: reuters.com
Gold to Silver Ratio
CIGA Eric
Gold to Silver Ratio (GSR) represents on of the oldest measures of risk aversion to risk.
The GRS is illustrating the depressionary chop. Liquidity trade on, F-TV scream bull market, liquidity trade off, and the wheels fall off with everyone milling around in disbelief.
I characterize this chop with stocks trading within a depressionary box. Lots of drama, arm waving, but overall its nothing more than directionless chop.
Did a new down trend, liquidity trade on, start in 2009? Time and leverage flow support that conclusion. Most likely we’ve enter a consolidation range shaded green. A break of the orange up trend line would provide more clarity.
Gold to Silver Ratio (GSR) And Gold to Silver Ratio: 
