Yesterday there was a substantial dive in JGB 10y. Shortly after both SLV and GLD ramped. Anyone following the Japanese crises will understand the significance of a JGB crash. It would initiate an interest rate rise that would crush Japan's financial system.
The upshot is that the PM reaction indicates how fragile the system is and how spooked the players are once they see a crack appearing. This suggests ongoing unstable behavior will see further flight in to PM's at the first signs of negative slumps in asset classes.
AYN Price at posting:
0.7¢ Sentiment: ST Buy Disclosure: Held
