Showing posts with label Swsis Franc. Show all posts
Showing posts with label Swsis Franc. Show all posts

Friday, September 9, 2011

Is the Swiss Franc to Euro Peg Bullish For Gold?

By Eric McWhinnie


On Tuesday, gold (NYSE:GLD) reached a new all-time nominal high of $1921.15 before falling back below $1900. Silver (NYSE:SLV) futures for December delivery retreated 2.8% to close at $41.86. Even though gold and silver suffer pullbacks from time to time, the bullish case for precious metals (NYSE:DBP) continues to build. Yesterday, the Swiss National Bank decided to surprise global markets and give investors another reason to buy gold and silver.  LINK...
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