Gold, Japan, and the Last Fake Rally

by Gerardo Del Real
Outsider Club

By the time you read this the Fed will most likely have stayed put on raising rates, but will begin to take a tougher stance on the possibility of a June hike.

The real action is today as the Bank of Japan issues its policy decision.

Despite a negative interest rate policy and decades of loose monetary policy, Bank of Japan Gov. Haruhiko Koroda has been unable to deliver on his promise of 2% inflation.

And in fact the yen is actually 8% higher than in late January, when negative interest rates were first introduced.

We don’t need a crystal ball to see how this ends, we just need to ask very simple questions…

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