Gavekal Capital: Gold Trading Below $1200 for First Time Since 2010 as the USD Gains vs the Yen

Thursday, December 19, 2013

Gold Trading Below $1200 for First Time Since 2010 as the USD Gains vs the Yen

Gold isn't taking tapering so well this morning. It is down about 3% so far and is at levels not seen since mid-2010.

Meanwhile the USD is strengthening with the main casualty being the yen. With Fed tapering now a reality, the BOJ may be able to effectuate round 2 of its currency depreciation game.

About Gavekal Capital

Gavekal Capital is a US registered investment advisory firm that manages the Gavekal Knowledge Leaders Strategy. Knowledge Leaders are a group of the world’s leading innovators with deep reservoirs of intangible capital. These companies often possess competitive advantages such as strong brand, proprietary knowledge or a unique distribution mechanism. Knowledge Leaders are largely service-based and advanced manufacturing businesses, often operating globally. Gavekal Capital seeks to identify the world’s leading knowledge companies through a proprietary process that analyzes corporate knowledge investments.
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