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Gold Skyrockets in Response to Market Developments

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Bank of Japan Announces Financial Policy Shift to Combat Inflation

Precious metal prices surge in response

BREAKING: Bank of Japan (BOJ) announces financial policy shift reducing rapid Japanese Government Bond acquisitions and plans to focus on utilizing short-term rates to manage markets.

Executive Vice President of Precious Metals at Dillon Gage, Walter Pehowich1, believes that the BOJ, ”In essence, will be deepening the bond yield curve by going from longer term bonds to buying short term JGBs. They will also cut the deposit rate deeper into negative territory from 10-20 basis points.”

Managing Partner of Echobay Partners and KITCO contributor, Vincent Lanci2, comments, “The Yen’s rally after digesting the news is a reflection of the skepticism on the new plan. We think that can be remedied by a rate cut if needed, or perhaps the US Fed hikes today, which would solve the problem for them. But in the meantime, an increase in the velocity of money is inflationary. And Gold Gets it Right.”

Supporting Lanci’s point, longtime investor and KITCO contributor, Doug Casey3, argues that, “Gold stocks will provide great opportunities for investors in the current environment.”

Today, what people are calling ”Fed Decision Day,” the Federal Reserve announced that they will not be changing current interest rates. However, according to Kitco News,4 “the central bank left the door open for a possible rate hike by year end.”

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*MCM is a supplier of precious metals. They cannot offer any advice when it comes to investing or your portfolio. The above information is from a variety of resources outside of MCM. Their only goal is to supply you with the means to invest in precious metals.

1: Walter Pehowich 2: Vincent Lanci 3: Doug Casey 4: Kitco News