Recently, several people emailed me stating an observation that gold is directly correlated to movements in the Yen.

Let's investigate that idea with a couple of charts courtesy of Nick at SharelynxGold (Gold Charts "R" Us).

Nick has 1,000's of pages and over 10,000 charts on a subscription basis, but you can check out the site for free until December 14. He made the following charts for me on request.

Euro vs. Yen. Vs. Gold Priced in Dollars Since 2012

Sure enough. Since 2012, Gold has been tracking the Yen with pretty amazing accuracy. But let's hone in on 2014.

Euro vs. Yen. Vs. Gold Priced in Dollars Since 2014