Dow Futures Crash 320 points, Gold Soars US$42 …

• S&P500 futures plunge 39 points(2.1%). Nasdaq futures down 92 points (2.3%). WTI Crude oil at US$26.35, we will see US$25.xx like tomorrow. USDJPY at 111.30 and looks like heading towards 110.xx handle very soon(like tonight US time). Japan stock market is toast. BOJ-Kuroda has as good as ‘committed suicide’ with his ‘no limits’ to monetary easing statement. The markets don’t believe him and don’t think BOJ measures will work. If Kuroda starts to go even more negative in NIRP, he will place the entire global financial/monetary system at risk. The markets may just ‘kill’ BOJ-Kuroda another time. It is largely over for BOJ and central banks credibility.
  –
• Europe stock markets are down 3-4%. Spain is getting smashed -4.3% and Italy tanks 5.2%. The BIG ONE is coming! I mean like down 10+% worldwide overnight with many markets shutdown. Bank holidays will be next.

end