(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. )
Overnight Bank of Japan (BOJ) acted decisively. BOJ will accelerate purchases of government bonds to increase at an annual rate of 80 trillion yen which computes to about $725 billion. This is the Japanese version of QE.
BOJ will also triple its purchases of ETFs and REITs.
Japanese government pension fund will increase its allocation to Japanese equities.
This post was just published on ZYX Short Change Alert.
Consider taking profits and exiting the trade around silver miner position SLW in the zone of $16.36 to $17.17. The stock is trading at $16.82 as of this writing.
Consider continuing to hold the long term core position. There is no other change in remaining gold, silver, and palladium positions.
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