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Should we expect big moves in the precious metals after the BOJ announcement?

July 28, 2016

Craig Hemke joins us this week to discuss the potential moves in the precious metals due to the upcoming Bank Of Japan announcement. Gold and Silver garnered a nice buy yesterday on a lack of a move from the Fed and with the Bank Of Japan expected to expand its easy money policy will investors continue the move that started yesterday? We then look past the announcement from the BOJ to what is coming down the road that could drive the markets and gold.

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Discussion
7 Comments
    Jul 28, 2016 28:40 PM

    Is he ever bearish?

      Jul 28, 2016 28:05 PM

      Bear Turd…..No way

      Jul 30, 2016 30:48 PM

      When you look at the fundamentals, is there any good reason to be bearish on the metals over the medium to long-term?

    Jul 28, 2016 28:13 PM

    No one can argue with his logic. We all know prices are set by the paper markets, so far at least and he seems to have a good understanding of those mechanics. JMO

    Jul 28, 2016 28:19 PM

    Interesting thoughts from Craig on the BOJ and how that plays into the Yen, which as we’ve mentioned on here repeatedly often triggers algos that buy and sell Gold contracts.

    Yen and Gold – doing the safety dance as alternatives to central banking madness:

    http://stockcharts.com/h-sc/ui?s=%24XJY&p=D&yr=2&mn=0&dy=0&id=p18739154842