WEEKLY MARKET DIGEST: BOJ ACTION MAY LEAD TO NEW HIGH IN STOCKS, GOLD AGAIN SHOWS ITS TRUE COLORS $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) BOJ ACTION MAY LEAD TO NEW HIGH IS STOCKS, GOLD AGAIN SHOWS ITS TRUE COLORS October 31, 2014 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