United States

Back in October 2014, just after the BOJ drastically expanded its QE operation, we warned that the biggest risk facing the BOJ (and the ECB, and the Fed, and all other central banks actively soaking up securities from the open market) was a lack of monetizable supply. We cited Takuji Okubo, chief economist at Japan Macro Advisors in Tokyo, who said that at the scale of its current debt monetization, the BOJ could end up owning half of the JGB market by as early as in 2018.

Submitted by Ron Paul via The Ron Paul Institute for Peace & Proseprity,

On Sunday Ukrainian prime minister Yatsenyuk resigned, just four days after the Dutch voted against Ukraine joining the European Union. Taken together, these two events are clear signals that the US-backed coup in Ukraine has not given that country freedom and democracy. They also suggest a deeper dissatisfaction among Europeans over Washington’s addiction to interventionism.

With The Wall Street Journal once again playing down any precious metals strength and Goldman explicitly saying "sell," RBC Capitalo Markets' Tyler Broda and Alexandra Slattery are considerably more positive...

Retro Gold - Are we heading back to the 1970s?

From one of the biggest cheerleaders of the stock market, in recent months Jamie Dimon's JPM has undergone a dramatic anti-Hugh Hendrian metamorphosis, turning increasingly more skeptical on further risk asset upside and as of one month ago, pulled the plug on its former cheerful nature when in early March it announced it had gone Underweight stocks "for the very first time this cycle."

The stock surge from February is at risk, warns BofAML's Stephen Suttmeier as a plethora of bearish divergences could cap further gains from here. 2044-2022 are key nearby S&P 500 support for April, but a loss of 2022 is required to break the last higher low from 3/24 and suggest a deeper decline for the S&P 500. The following 15 risk-factors - from VIX term structure steepness to Dow Theory Sell signals - all point to a retest of the recent 1810-1820 lows.