{"id":941,"date":"2014-10-31T20:39:22","date_gmt":"2014-11-01T00:39:22","guid":{"rendered":"http:\/\/olduvai.ca\/?p=941"},"modified":"2014-10-31T20:39:22","modified_gmt":"2014-11-01T00:39:22","slug":"gold-falls-stocks-record-highs-as-japan-goes-weimar-here-be-dragons-zero-hedge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=941","title":{"rendered":"Gold Falls, Stocks Record Highs as Japan Goes \u2018Weimar\u2019, \u201cHere Be Dragons\u201d | Zero Hedge"},"content":{"rendered":"<p><a href=\"http:\/\/www.zerohedge.com\/news\/2014-10-31\/gold-falls-stocks-record-highs-japan-goes-\u2018weimar\u2019-\u201chere-be-dragons\u201d\">Gold Falls, Stocks Record Highs as Japan Goes \u2018Weimar\u2019, \u201cHere Be Dragons\u201d | Zero Hedge<\/a>.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">Stocks globally surged, while gold fell sharply today despite renewed irrational exuberance on hopes that the Bank of Japan\u2019s vastly increasing money printing will fill some of the gaps left by the apparent end of Federal Reserve bond buying.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\"><a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/info.goldcore.com\/essential-guide-to-storing-gold-in-switzerland\"><img decoding=\"async\" style=\"max-width: 100%; height: auto; border: 0px initial initial;\" src=\"http:\/\/dzswc0o8s13dx.cloudfront.net\/goldcore_bloomberg_chart1_31-10-14.png\" alt=\"\" \/><\/a><\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">The BOJ decided to increase the pace at which it expands base money to a whopping 80 trillion yen ($726 billion) per year. Previously, the BOJ targeted an annual increase of 60 to 70 trillion yen.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">The BOJ sailed into deeper uncharted monetary territory with the announcement that they would triple annual purchases of exchange-traded funds (ETFs) and Japanese real-estate investment trusts (REITS) to 3 trillion yen and 90 billion yen respectively.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">The Nikkei surged 5% in minutes to a seven year high after the Bank of Japan decision, while gold fell.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">These unprecedented monetary events remind us of the old English mapmakers who used to write on uncharted territories on their maps &#8211; \u201cHere be Dragons\u201d.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold Falls, Stocks Record Highs as Japan Goes \u2018Weimar\u2019, \u201cHere Be Dragons\u201d | Zero Hedge. Stocks globally surged, while gold fell sharply today despite renewed irrational exuberance on hopes that the Bank of Japan\u2019s vastly increasing money printing will fill some of the gaps left by the apparent end of Federal Reserve bond buying. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[57,85,572,661,662],"class_list":["post-941","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bank-of-japan","tag-boj","tag-nikkei","tag-qe","tag-quantitative-easing"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=941"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/941\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}