Gold Rallies Off BOJ Perversion of Reality

My core thesis is to be long both treasuries and gold because it’s my belief that central banks will continue to inflate asset prices and manipulate the yield curve to reduce borrowing costs and avoid making hard fiscal decisions. There is no better way to lose an election than to cut public entitlements,

Based off the BOJ actions announced last night, gold is soaring, alongside the miners.

There’s still plenty of upside for gold, in my opinion. The metal took a siesta the past month, but should be getting back to outperformance in the weeks ahead, as investors gravitate to something tangible and that makes sense in this wacky world.