REMOVING PALLADIUM AND ADDING OIL IN BOTH MODELS $CDTI $OIH $PALL $GLD $SLV $USO $XLE $XOP $PPLT
This post was recently published on ZYX Global Multi Asset Allocation Alert.
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.
Nikkei Index jumped about 5%.
Our very, very short-term early market indicator is strong positive.
On more money printing, gold should have gone up but instead gold is falling and has now decisively broken the key support at $1182.… Please click here or the title below to read more.