One of the virtues of technical analysis, in my experience, is that it doesn’t look down on intellectual curiosity or besmirch outside-the-box thinking as it enjoins a stagnant orthodoxy.  No doubt that’s more about the culture in which I developed than anything inherent to the discipline, but you also pick up on this in just [...]

  After two quixotically bullish risk-off days, safe haven assets (except the JPY, which we’re all buying if only to prove to the BOJ intervention doesn’t work) have taken it on the chin, perhaps none more so than the gold.  With Margin hikes here and abroad exacerbating the downward pressure already brought to bear by [...]