Mylchreest: Is Secret BOJ Long-Nikkei Short-Gold Play Behind Last 2 Years' Moves in Both?

``If we cast our minds back to September 2012, we had the announcements of "QE3" by the Fed and the "Enhancement of Monetary Easing" by the Bank of Japan (BoJ). The initial reaction of the gold price was positive, which was hardly surprising, although it turned out to be short lived. .. Major upward moves in the Nikkei and coincident weakness in the gold price can, in most cases, be closely tied to BoJ policy meetings for the past more than two years.''