The currency is up roughly twice the drop of the market, so if I
were Swiss I would be feeling ok. Just watch the capital inflow
going forward...likely to be huge.
Good one. If I recall, the Swiss Central Planners fought the
Euro at great expense before the peg - rode the Euro down with the
peg and maybe just called a low killing the peg. That's getting
cookoo clocked.
The currency is up roughly
Switzerland !!!! NUTS !
Posted by a_l_ on 15th of Jan 2015 at 01:01 pm
The currency is up roughly twice the drop of the market, so if I were Swiss I would be feeling ok. Just watch the capital inflow going forward...likely to be huge.
..but they've been borrowing in
Posted by zenman on 15th of Jan 2015 at 01:05 pm
..but they've been borrowing in Francs to buy US stocks. Me thinks.
And, they're not nuts, they're
Posted by zenman on 15th of Jan 2015 at 01:05 pm
And, they're not nuts, they're cookoo.
Good one. If I recall,
Posted by a_l_ on 15th of Jan 2015 at 01:08 pm
Good one. If I recall, the Swiss Central Planners fought the Euro at great expense before the peg - rode the Euro down with the peg and maybe just called a low killing the peg. That's getting cookoo clocked.
James Grant recommended 3 Yr
Posted by a_l_ on 15th of Jan 2015 at 02:53 pm
James Grant recommended 3 Yr LEAP call options on Swiss/Euro exchange rate last September. Wicked smaht!
Swiss are taking a big
Posted by zenman on 15th of Jan 2015 at 01:28 pm
Swiss are taking a big write down now. Before the ECB totally screws them with massive bond buying, a la Abe-san.
Little surprise Gold is so appealing...
Posted by saturn6 on 15th of Jan 2015 at 01:36 pm
The Chinese have drained the SGE vaults of 61tonnesin the first week of 2015... https://www.bullionstar.com/