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Flash Crash or WHAT happened at London open to Au & Ag?

gsa1fangsa1fan Posts: 5,566 ✭✭✭
in Precious Metals
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Avid collector of GSA's.

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  • WingsruleWingsrule Posts: 3,049 ✭✭✭✭
    From the CNBC website:

    The Swiss National Bank said on Tuesday it would set a minimum exchange rate target of 1.20 francs to the euro and would enforce it by buying foreign currency in unlimited quantities.

    Swiss franc down 7%+ as I type.
  • OzzyAndyOzzyAndy Posts: 344
    Boing, Boing, Boing!

    I'm guessing some stops were triggered as well, causing it to go lower than it should have.
    Still thinking of what to put in my signature...
  • derrybderryb Posts: 37,594 ✭✭✭✭✭
    Europe happened

    No Way Out: Stimulus and Money Printing Are the Only Path Left

  • CaptHenwayCaptHenway Posts: 32,676 ✭✭✭✭✭
    Swiss happens........
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Wow, $dollar US way up. Man as bad a shape we in they must really be Up The $h*t Creek Without A Paddleimage
    Avid collector of GSA's.
  • OzzyAndyOzzyAndy Posts: 344


    << <i>Swiss happens........ >>



    image
    Still thinking of what to put in my signature...
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Wow, $dollar US way up. Man as bad a shape we in they must really be Up The $h*t Creek Without A Paddle

    The Dollar still is, by far, the most attractive pig in the contest, and I believe it will remain so for a long time.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭


    << <i>Wow, $dollar US way up. Man as bad a shape we in they must really be Up The $h*t Creek Without A Paddle

    The Dollar still is, by far, the most attractive pig in the contest, and I believe it will remain so for a long time. >>



    Gold by far! IMHOimageimage
    Avid collector of GSA's.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Until Gold becomes a "real" and functional currency, I'm gonna side on the Dollar, although I clearly see your point. I can't walk into BestBuy and pay fro a new flatscreen with Gold. Sure I could sell the Gold to get the cash to buy it, but that means I would have to have a buyer of the Gold first. Gold is still a means to get to the Dollar and until that changes, I'd rather have cash anyday.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • derrybderryb Posts: 37,594 ✭✭✭✭✭
    gold is protection from the dollar and those that continue to debase it.

    No Way Out: Stimulus and Money Printing Are the Only Path Left

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭


    << <i>gold is protection from the dollar and those that continue to debase it. >>



    Gold holds value & easily exchanged for greenbacks/fiat. Remember the BO speaks Thursdayimage
    Avid collector of GSA's.
  • derrybderryb Posts: 37,594 ✭✭✭✭✭


    << <i>

    << <i>gold is protection from the dollar and those that continue to debase it. >>



    Gold holds value & easily exchanged for greenbacks/fiat. Remember the BO speaks Thursdayimage >>


    Speaking is not the same thing as reading.

    No Way Out: Stimulus and Money Printing Are the Only Path Left

  • stuckonnightsstuckonnights Posts: 26
    The $ was due for a pop. This is not surprising at all and I suspect gold is due for a bit of a correction.

    If this is news to you, you haven't been paying attention close enough.
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>

    << <i>gold is protection from the dollar and those that continue to debase it. >>



    Gold holds value & easily exchanged for greenbacks/fiat. Remember the BO speaks Thursdayimage >>



    BO changed his speech time. Maybe knowing J6P, including myself would rather be watching a pigskin fly vs rhetoric spew, employed or not.

    "the franc" had to do this. those who say Germany will leave abandon the euro should take a gander at what has been happening with the swiss franc.

    and yes the U$D still has the longest legs, for now.

    good reasons for gold vs greenbacks and perspective.

    i am wondering if there is a tip to an iceberg somewhere this.
  • NumbersUsacomNumbersUsacom Posts: 1,457 ✭
    RoadRunner was right, he suggested caution. That the gap created last friday maybe filled- it was this a.m.
    NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    So is the BO speaking Wednesday now?
    Avid collector of GSA's.
  • johnny9434johnny9434 Posts: 29,136 ✭✭✭✭✭


    << <i>Swiss happens........ >>



    yes it most certainly does lol
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    US dipimage $1,862
    Avid collector of GSA's.
  • moonshinemoonshine Posts: 1,039 ✭✭
    so what is this? another boing-boing below $1800 again ... been hovering around 1800 for awhile now, and silver hovering at 40. borr-r-ring. I am thankful it isn't skyrocking tho, as that would be doom-ish.

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