At the current pace of quantitative easing, Japan's central bank is buying so many bonds that it now has about 24 months left before there are no more bonds left to buy.

The BOJ is buying close to $800 billion (USD) of bonds annually. The bank's QE program is truly gargantuan, and Kuroda made a key speech at Jackson Hole indicating he has no intention of tapering it at all. 

Gold is extremely well-supported now, by both equity fund and FOREX money managers.

Kuroda hinted at Jackson Hole that while he won't taper QE, he has substantial room to increase the use of his negative rates program. He's making another key speech next Monday, and I expect him to make it clear that as enormous as his QE program is, he's going to lower interest rates further, and make it even more important policy than QE.

The US jobs report is scheduled for release this Friday at 8:30AM. When Janet Yellen hiked rates last December, a huge institutional panic out of stock markets and the dollar developed.

These institutions surged into gold and the yen. A big jobs report number is likely to spur Janet to unveil a second rate hike at the September 21 FOMC meeting. 

This is probably the most important jobs report of the entire year, and Janet's reaction to it could begin a major stock market and US dollar crash.

The September and October timeframe is what I call “US stock market crash season”. The worst stock market crashes have historically occurred during these months, and Friday's jobs report has the potential to create another one.

Gold price enthusiasts should pay keen attention to all the upcoming speeches made by key players at both the BOJ and the Fed. Those speeches and policy decisions are likely to create important changes on the charts that gold market technicians focus on.

Ahead of the US jobs report, gold is likely to briefly decline to the $1310 area or a bit lower, but Kuroda's speech on Monday is likely to bring in fresh buying.The bottom line: