The move in the Swiss was extraordinary because of the massive short-Swiss through loans and their own buying of Euros. The audacity of the IMF to even state they will look into this as if they have any such authority or credibility is just stunning. They want the inside info so they can line their […]

  Notice that the DAX has held up the best even against the Dow. Why? Capital continues to move within Europe to Germany assuming the Euro will crack and they will get Deutsche marks once again. Even the French CAC-40 illustrates that capital is starting to flee from PUBLIC to PRIVATE assets. Even Greek shares […]

Yes IMF’s Christine Lagarde says she was surprised she was not contacted by the Swiss. Lets get real. She has no credibility and could offer nothing to the world of finance since she is a lawyer with ZERO economic experience.

  It is being called Black Thursday. There was a tremendous natural short-position in the Swiss franc with all the people who borrowed Swiss to save on interest rates. True they saved interest. In return, they gained a 30% loss in currency. This natural short position from borrowing Swiss impacts mortgages in Britain down to […]

  We are in a very fluid period, which can be confusing, yet it is important to comprehend that NOTHING but NOTHING is ever PERMANENT. On the one hand, gold will eventually decline for its final low on the benchmarks. The only thing that will call that into question is a Monthly Closing ABOVE 1350. […]

  The problem with the Euro has been the secret design to federalize Europe. It is one thing to create a central government for the major issues of international cooperation and defense and another when you try to create centralized control over everything. The demise of the USA is also in the cards because of […]

  The extreme support for the Swiss against the dollar lies at the 80-81 level. Resistance forms now at the 88-90 area followed by 93. The extreme collapse was due to the tremendous losses incurred by the central bank and the complacency among traders, including hedge funds, who basically just follow the crowd. You have […]

During the 1980s, Australians were hit hard as banks had sold them mortgages in Swiss francs to save them on interest rates. The next shoe to fall is the Swiss Franc Mortgage Panic that will be part of 2015.75. Countless homeowners outside of Switzerland have been sold mortgages in Swiss francs. They will now see […]

  Back in December, we warned that gold would produce a pop and that the main resistance was in the 1250-1275 level. We now need a closing ABOVE 1250.50 tomorrow to confirm a further advance is possible. This is part of the interconnections. This forecast for a pop in gold into January was not “opinion” […]

On September 6th, 2011 the Swiss National Bank (SNB) was aiming for a substantial and sustained weakening of the Swiss franc after Swiss companies threatened to leave because the rising franc reduced their exports. The SNB would no longer tolerate a EUR/CHF  exchange rate below the minimum rate of CHF 1.20. The SNB set out to […]