Miners Smashed, Japan Intervenes on JPY, and the Energy-Recession Link PREVIEW by davefairtex Auto sales rebounded while bank credit contracted and JPY surged on BOJ intervention. Gold dipped, gasoline soared to 4-year highs, and equities hit new records amid mixed recession signals. Miners Smashed, Japan Intervenes on JPY, and the Energy-Recession Link PREVIEW by davefairtex Auto sales rebounded while bank credit contracted and JPY surged on BOJ intervention. Gold dipped, gasoline soared to 4-year highs, and equities hit new records amid mixed recession signals.