In a heavily anticipated move, the Bank of Japan announced their own brand of monetary easing

In a heavily anticipated move, the Bank of Japan announced their own brand of monetary easing overnight. However, the money printing won’t begin in earnest until 2014 giving market participants some time to strategize. Gold and palladium are virtually equal in early trading as platinum looks to be making another run at $1700. The white metal is now trading at $1687. Gold is only modestly lower despite reports that India has increased their gold import duty to 6%. The yellow metal is trading at $1688. The rest of the complex is relatively flat to start the first trading day of the week. The National Association of Realtors will announce new home sales numbers at 10:00 am EST. Afterwards, investors will continue to take in earnings reports. Have a great day!