Takaki Kamisaki? Wait, the Japanese name here: 鏑木 高明 → Takemitsu Takaki? Actually reading: 鏑木 is "Kabuto-ki" or "Kabumiki"? The common reading for 鏑木 is "Kabiki" or "Kabuki". This is ambiguous without furigana. The rest: 『週刊 金相場展望』 → "Weekly Gold Market O
Tobashi Investment Daily Company's President and Chief Executive Officer, Takagi Komei, who is also a master of cycle analysis, writes a weekly report on the outlook for the gold market.
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Last weekend saw a second intervention selling the dollar and buying yen, and the USD/JPY rate fell from a high of 151.94 by nearly six yen. As the dollar weakened, spot gold rose by about $40 from a low, but Tokyo gold (August contract) fell nearly 200 yen due to the strong yen.
Moreover, the US 10-year Treasury yield has been rising sharply since October. On the 21st, it reached 4.34%, a high not seen since November 2007, briefly touching that level.
From the long-term interest rate perspective used in this column, it is expected to ease temporarily by year-end, but now there are voices saying, “(the US economy is) approaching a recession, so long-term rates will fall in the future.”
Please see the PDF file for the continuation.
【Takagi Komei Profile】
Graduated from Kansai Gakuin University, Faculty of Economics. In 1995, partnered with the globally renowned US market analyst Raymond Meriman to publish the domestic first market cycle and astrology reports. He is well-regarded for analysis using cycles and astrology. President of Tobisha Investment Daily Co., Ltd., President of Investment Daily Publishing Co., Ltd., Director of Wakabayashi FX Associates, member of the Japanese Technical Analysts Association, Editor-in-chief of Investment Daily Alpha.
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