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  • SNB reaffirms franc cap, holds rates close to zero

    From reuters.com

    The Swiss National Bank kept its cap on the Swiss franc at 1.20 per euro on Thursday, saying there was a danger of greater volatility on the financial and foreign exchange markets. The SNB stuck to a target band for the Swiss franc LIBOR of 0 to 0.25 percent, as all economists in a Reuters poll had forecast. The SNB kept its growth forecast for the year at 2.0 percent and slightly raised its inflation forecast for 2014 to 0.1 percent from a previous 0.0 percent. The SNB imposed the lid on the safe-haven unit in September 2011, citing the risk of deflation and a recession as the strong currency squeezed exporters and ... (full story)

Germany will quit the euro and the peg will break. Infact CHF will be seen as a safe haven currency again soon. Hence will appreciate significantly.

short usd/chf target .6 and below
short eur/chf target 1.0 and below

buy gold/silver physical

profit.
Quoting Bankerssuck
Germany will quit the euro and the peg will break. Infact CHF will be seen as a safe haven currency again soon. Hence will appreciate significantly.

short usd/chf target .6 and below
short eur/chf target 1.0 and below

buy gold/silver physical

profit.
you can do that..call us if you became second George Soros
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Jordan and SNB will be destroy Swiss economy. Jordan faking data for two years and nobody responds to it. Manufacturers and exporters are already three years of losses and tourism is cracked like a watermelon. Cyprus was once a safe haven, Japan also has someone to bother anyone but the Swiss undisturbed. They do undisturbed anyone. WHY? Hildebrand is at least doing something and did a Jordan NOTHING.For WHOM then he does. For Swiss people do NOT!
The difference between the Franc ceiling and the Soros / BOE situation is that, in this case, the SNB can just print francs!

> BOE wanted to keep the GBP high
> SNB wants to keep the CHF low

It's a lot easier to do the latter. If you run out of money, you can't continue doing the former. Check out this cool investopedia article:
http://www.investopedia.com/ask/answ...of-england.asp

Regardless of the wisdom of Jordan/SNB's policy, and its economical effects, I have no doubt they will be execute this particular ceiling. It won't be "broken" by speculators unless the SNB itself decides to break it.
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