from King World News
With gold surging more than $20 and silver up more than 30 cents, today Peter Boockvar asks the all-important question to investors, “Got gold?”
Peter Boockvar: So let me get this straight, on January 29th the BoJ surprised markets by moving to a negative interest rate of .1% on bank deposits and the move completely back fires as the yen goes from 121 to 108 in the following months. The Nikkei cracks by 15% in two weeks. The only beneficiary were JGB’s. The BoJ then decides overnight not to push deeper with this policy in a show of patience to see how the January move plays out and maybe not to panic the markets again and the yen rips further and the Nikkei falls almost 4%…