Misinformation? I suggested the Yen - Ruble situation only a few weeks ago...
I see that you "cherry picked" your Ruble chart all the way back to 2008. My position is recent and entered when the Ruble was at 32.45. It has now risen to 30.67.
The Yen has cratered from 79.8 to 83.4 and it's fall is accelerating!
The Russain Ruble is rising because they are adding to their gold reserves and trading directly with China now, (they have dropped the Dollar for settlement of trade). Russia happens to supply China with huge amounts of oil and gas.
The Yen is crashing because they are at a debt to GDP of 236% and their export driven economy is failing. Their balance of payments has transitioned to negative and if I could have found the pair, I would have taken a long gold/short yen position as I suggested in another post.
You seem to be a bit one-dimensional in your investing. Gold is a great investment and Yamana is a great mining company, but there are other venues for profit and FOREX is one of them.
I invest to make money, and I post here to help others see options strategies and a larger picture of the investing world.
Everyone can read the posts here and share and contribute as they wish. You are free to read my posts or not read them. I only ask that you stay "in context" when you level your criticism at me.
GOLDMANPILLAGESACK, your post is telling me that you are a trader, may be even a day, currency trader. Most people on this board are retail investors. We also invest to make money but do not care much for complex options strategies or FOREX. This is not an appropriate forum for that and you would be better off finding a more appropriate forum where you can discuss hard core complex trading strategies and currency trading.
This message board is great just as it is, without the ugliness of Wall St. and those who do not understand the difference between 'trading' and 'investing'.
The dollar is marginally higher against the ruble. But for those who make comparisons to gold, it is no contest, as the PM sector wins hands down.
Interestingly, Yahoo Finance provides no (white listed) chart comparison for the dollar vs gold in the currency charts. Apparently, as bankster agents, that’s something Yahoo doesn’t want anybody to know about. (It’s all about protecting us from “spam”, right?)