The chart of the week is courtesy Doug Wakefield via Safe Haven and shows that the Bank of Japan (BOJ) is a top 10 share holder in about 90% of the Nikkei 225. This after the Nikkei has been down nearly 60% since its highs in 1989. After multiple QE's that have failed to stimulate the economy and get rid of the deflationary negative interest rate scenario in Japan, this latest move by the BOJ has failure written all over it. Another down move in the Nikkei from a strengthening Yen could prove to be problematic for the BOJ going forward.
1,250 Shares in SPDR Gold Shares (NYSEARCA:GLD) Purchased by Ballast Inc.
-
Ballast Inc. bought a new position in SPDR Gold Shares (NYSEARCA:GLD – Free
Report) during the fourth quarter, according to the company in its most
recent ...
8 minutes ago