Why Gold Is Surging: BofA Says To Expect A "Massive Policy Shift In 2016"

``Then last night, none other than BofA's Michael Hartnett who is one of the very few strategists out there who "gets it", issued a report warning investors to "anticipate a massive policy shift in 2016" which would be a DM/EM mirror image: in the US/EU/Japan from QE to fiscal stimulus and in China from fiscal stimulus to QE & FX depreciation. In other words, the last big reflation push is almost upon us.''