I am interested in thoughts traders have regarding immediate effect on eur/chf of a possible ‘No’ or 'Yes vote.
As the referendum is due approx 1645 GMT Sunday I imagine there will be spike on markets opening irrelevant of outcome.
If trading in eur/chf or gold (as a ‘yes’ vote will undoubtedly result in a rise in gold value) stops will need to be wide to allow for immediate reaction I should think. Is it bravery or stupidity to even contemplate jumping in
Here’s what my buddy Forex Gump has to say about that: Swiss Gold Initiative to Prevent SNB Intervention?
Yes I read that some weeks ago, however SGI has gained a good deal of momentum since that article.
I am half expecting intervention prior to vote to avoid cap being tested - well actually only quarter expecting this to happen
Let’s wait and see the outcome. Interesting that if passed one provision states that the gold can never be sold unless something has changed since I last checked it.
Yes, that is what they are saying and it also can’t be borrowed against - which you would think would make it pretty useless.