The Japanese Are About To Enter The Gold Market In Size
November 26, 2012
Today 25-year veteran Caesar Bryan told King World News that the Japanese are getting ready to enter the gold market in size. Here is what Bryan, from Gabelli & Company, had to say about this fascinating situation: “There are a couple of things in the gold market that we should be focused on. First off, we should be focusing our attention to the East. I say that because there have been some developments in Japan which are interesting for the gold market.”
Caesar Bryan continues:
“As you know, the background in Japan is one of constant deflation caused by a strong yen and a weak economy. The Bank of Japan has obviously taken some steps in an attempt to alleviate the situation. Interest rates are at zero, but they know they need to be more aggressive.
They also have an asset purchase program of roughly 91 trillion yen….