For those who are undecided on EURCHF, you still got a few hours more to decide..... Watch this before making a decision:
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- #13,184
- Nov 28, 2014 12:10pm Nov 28, 2014 12:10pm
Ain't ridiculous seeing Gold collapse AND EC down too
Willem Buiter, the chief economist at the U.S. investment bank Citi, who has deemed the commodity to be in a 6,000-year bubble.
"No central bank should hold any gold reserves, in our view," he said in a research note released on Thursday. Buiter urges caution, saying that a central bank holding 20 percent of its balance sheet in any single commodity is "highly unorthodox" and a "risky investment strategy."
"Investing a vast amount of money in something whose value is based on nothing more than a set of self-confirming beliefs will make for an exciting ride. Whether that is enough to impose it as a requirement on one's central bank is another matter," he added.
An opinion poll last week by Swiss media outlet 20 Minuten said 58 percent of respondents would definitely vote "no", while just 23 percent would definitely vote "yes".
Willem Buiter, the chief economist at the U.S. investment bank Citi, who has deemed the commodity to be in a 6,000-year bubble.
"No central bank should hold any gold reserves, in our view," he said in a research note released on Thursday. Buiter urges caution, saying that a central bank holding 20 percent of its balance sheet in any single commodity is "highly unorthodox" and a "risky investment strategy."
"Investing a vast amount of money in something whose value is based on nothing more than a set of self-confirming beliefs will make for an exciting ride. Whether that is enough to impose it as a requirement on one's central bank is another matter," he added.
An opinion poll last week by Swiss media outlet 20 Minuten said 58 percent of respondents would definitely vote "no", while just 23 percent would definitely vote "yes".
Trade according to current market condition, not what you think would be.
- #13,185
- Nov 28, 2014 12:32pm Nov 28, 2014 12:32pm
It seems my destiny to hold my last Super Heavy Long at 1.2018, not adding anymore, just as Swiss Yes campaign request leaving 20% of my balance
for drawdown(hopefully not
)
GU had went up/down in wide pips range with many spikes before and during Scotland Independence while EC strangely dead down despite all ppl are longing, seems speculators have more dead hearts risking their wealth for nonsense Gold BS!!!!!!
Received a funny and at same time sad message from a dude who wrote:
" I took a personal loan from the bank to trade Eurchf on the buy direction. I trust the SNB Decision. After 30 November I will become rich or go back to the street"(
)
Dudes, I had never advice anybody to do such crazy action
Invest what you can afford to loose or at worst must still have enough money for your daily living, from cash or properties........
I bet on the yes vote failing, even if it passes, floor would not be broken despite pressure would be huge, SNB playing it badly and can not be forgiven for this nonsense gambling!!!!!!
Will accept the result whatever it comes out to be.
If yes, EC Bulls will be like this
, if No Vote Wins EC Bulls will be like this 
Until Sunday, Best Luck EC Bulls
for drawdown(hopefully not)GU had went up/down in wide pips range with many spikes before and during Scotland Independence while EC strangely dead down despite all ppl are longing, seems speculators have more dead hearts risking their wealth for nonsense Gold BS!!!!!!
Received a funny and at same time sad message from a dude who wrote:
" I took a personal loan from the bank to trade Eurchf on the buy direction. I trust the SNB Decision. After 30 November I will become rich or go back to the street"(
)Dudes, I had never advice anybody to do such crazy action
Invest what you can afford to loose or at worst must still have enough money for your daily living, from cash or properties........
I bet on the yes vote failing, even if it passes, floor would not be broken despite pressure would be huge, SNB playing it badly and can not be forgiven for this nonsense gambling!!!!!!
Will accept the result whatever it comes out to be.
If yes, EC Bulls will be like this
, if No Vote Wins EC Bulls will be like this Until Sunday, Best Luck EC Bulls
Trade according to current market condition, not what you think would be.
Ain't ridiculous seeing Gold collapse AND EC down too
It seems my destiny to hold my last Super Heavy Long at 1.2018, not adding anymore, just as Swiss Yes campaign request leaving 20% of my balance
. But remember guys, when the orders will trigger, it can go down and then up.
- #13,189
- Nov 28, 2014 3:48pm Nov 28, 2014 3:48pm
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
Still in .....
- #13,191
- Nov 29, 2014 12:41am Nov 29, 2014 12:41am
Hi guys, lets asume the referendum ends up with a "no", is there still reason to be somewhat scared of a giant spread at sunday night opening? (Resulting in stopout/auto-liquidate)? What do you think?
Trading by EA
- #13,194
- Nov 29, 2014 11:11am Nov 29, 2014 11:11am
If the referendum ends with NO it depends whether it was a decisive NO or a close call. If it is 55% NO and 45% YES, it is very close and EURCHF is likely to gap lower. Aside this, I think the biggest reaction will be seen in Gold either way. What some traders are forgetting is that even if it is a YES, the SNB does not have to use its fiat currency reserves but simply print new money, which will elevate EURCHF to god-knows-where
if the majority will NO then NO mean NO. so any percentage above mentioned will not effect on Monetary Policy.if nothing in Montery Policy change why Gap Down instead of Price open where it is now.
SNB will intervene after the referendum with NO vote. if price want to go down they wont give a way to the price to get below 1.2000.you will be at here and See. we will have flight UP soon. Mr option Trader.
Trading by EA