Japan started giving the yen the radioactive treatment in late 2012 and the result was gold prices were shellacked in spring 2013. Gold is wasting no time in falling this time, with prices down sharply in the wake of the BOJ's decision to go nuclear. Collateral damage may also spread to China, with the offshore yuan spiking up on the news.
Could the U.S. dollar index analog be foreshadowing another Asian currency crisis?
New Home Sales Rise 8.8 Percent After 3.8 Percent Negative Revision
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The Census Bureau revised February seasonally-adjusted annualized sales
from 662,000 to to 637,000 and reports March at 693,000. Expect more
revisions.
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