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Commodities Briefing - Categorized | Bullion/Gold, Commentaries more

Gold could go lower than anyone expects but then set for incredible opportunity

Posted on 17 October 2011

As to the current effect on the gold price, right around when this happened gold topped and started to sell off. I don’t think they are directly related, but I think it is psychological. If the Swiss franc holds at 1.20 to the euro, if a hedge fund or a corporation hits the Swiss National Bank with a billion euros, it is no big deal.
But what about 10 billion, 100 billion, even a trillion? Then it starts becoming a big deal. At some point does Switzerland have to start selling its gold reserves to continue this lunacy?……………………………………….Full Article: Source


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VRS - who has written 34721 posts on Opalesque Commodities Briefing.


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