Knight Hawk : I think that we shouldn't look for tonight (as it's the holy day at sunset in Baghdad tonight) but rather look Friday (4 PM EST - 6 AM EST) as the markets would be closed for the long weekend.
Don: At approximately 6:00 AM PST this morning 01/15/2015...FBN News Alert, Swiss Franc De-Linked from the Euro-Dollar over night that caught Wall Street off guard! In anticipation of the Greek election on January 25th and the Euro meeting in the near future, the Swiss CB De-Linked itself from the Euro-Dollar because they did not want to much Euro-Dollars in their 'Reserves' with these up coming Elections...The Swiss Franc had a 30% rise in value with this 'Official Announcement'!
Marlog: Don your right....new board to play on....game has changed...get ready world
Jimbake: watch the domino's fall...and enjoy! :)
[damsel] swiss currency is now gold backed
[kpope16] damsel right
[wushock92] damsel I knew that vote was in the works but didn't know the outcome
[damsel] even cnbc is talking about that
[kpope16] damsel wasnt gonna say anything so people could find out first hand when they see it, this thing is rolling out in front of us
[damsel] kpope16 right
[damsel] the vote for the gold failed…that was several weeks ago…in fact what the swiss said just two day ago is not what they did
[wushock92] damsel Imagine that. lol
[damsel] bis is in switzerland
[kpope16] damsel and thats bc we are seeing the GCR begin ladies and gents
[damsel] the swiss franc and bank didn't look too good after that vote. i am wondering if they stepped out first for the publicity to say we are safe
[kpope16] damsel would make sense, alot of ppl will have money and the swiss banks pride themselves in being some of the best in the world, so it would make sense they would want ppl to see them as solid
[damsel] the uk is also a finance center i look for them to maybe announce sooner rather than later
[damsel] yup exactly
[damsel] swiss is now free market….which goes along with basil3 compliant…k i am out of here later..bye
[kpope16] damsel i agree too
[kpope16] damsel so exciting
[damsel] yes it is
[kpope16] everyone what damsel just said is spot on this is coming
[wushock92] So much is happening right now I feel I'm out of the loop. I can't keep up with it all
[kpope16] wushock92 its crazy the things that have happened in just the past 2 weeks
Danny S. January 15, 2015 at 1:16pm Who's going to be right?
SNB Decision: "Absolute Idiocy" Per Gartman Or "Rationality Itself"...
Submitted by Tyler Durden on 01/15/2015 - 10:28
This morning's decision by the Swiss National Bank has polarized the investing community. From the 'smartest men in the room' to the 'most renowned newsletter writers in the world', the reactions could not be more different...
Dave > Danny S. The Swiss are known for gold even to the average person ,so doesn't surprise me it will be met with opposition .. The Swiss just pulled the pants down on fiat system. Boom
R&R : It is so interesting to see what happened in Switzerland today considering that just two months ago Thomas Jordan said that enacting a 20% gold reserve by law would "hamper the SNB's ability to affect monetary policy."
Recall, the Save Our Swiss Gold movement was as much about returning to a modicum of the previous gold standard in the country up until 1999, as it was about bringing strength back to the Franc.
Albeit, 78% of the population voted against such a measure, for Jordan to turn around not even 60 days later at essentialy release the SNB from the clutches of a dying, diluted Euro is interesting.
I would assume it is better to for them to abandon buying a dying Euro than to be forced to buy gold with an artificially deflated CHF. However, with a boost in the currency this morning, wouldn't your next call be to your local Swiss goldsmiths saying "Hey....don't worry about your export problem. The SNB is open for business and we want your homegrown gold....all of it."
Remember....Switzerland's #1 export is GOLD... and as of this writing, it is up $29.20 to $1,263.60 and climbing....
Carden > I started this morning thinking that the "TRN" would be brought out again for discussion from various quadrants. IMO, this currency is already in bank vaults, distributed, has established value; is delivered to other countries and is in use now.
The TRN "phantom" legend is just that a legend.
As Sqwatchy has pointed out, the chains that bind are being broken now (and we need to release chains from those vaults, LOL so we'll add that to our meditation tonight!).
It has been explained that the TRN was given to certain nations and used for 2015 debt payment. 2015 is here now. There is no way, Jose, that this will be allowed.
Sqwatchy > Carden YOU ARE 100% CORRECT CARDEN. THE DOOR HAS BEEN OPENED, PRECEDENCE HAS NOW BEEN SET, AND OTHERS WILL FALL IN LINE...VERY QUICKLY.
THE TRN, IS ALREADY IN THE VAULTS, AND WAS TO BE "CONVERTED" TODAY.
I LOOK STRONGLY TO THE CLOSE OF BANKS THIS EVENING....FOR MORE AFTER HOURS BOMBSHELLS.....AND HOPEFULLY THE ONE WE HAVE BEEN WAITING FOR....
THE BALL IS ROLLING NOW....LONG GOLD.....THE TIDE HAS TURNED....
WHAT WILL THE ECB DO? THE CABAL? THE UST?
THE CHESS BOARD JUST GOT TURNED OVER....TRADERS LIKE PREDICTABILITY....
THAT...HAS BEEN THROWN OUT THE RV WINDOW NOW! WHAT DOES SIR EXO THINK AT MID-DAY JUNCTURE FROM BOMBSHELL MORNING????
LOL....I THINK WE ARE IN A SQWATCHTASTIC PLACE....A NOTCH UNDER SUPERFANTASTIC I SUPPOSE....
WE HAVE BEEN SAYING FOR A WHILE...SOMETHINGS GOTTA GIVE...THE CHAINS ARE BREAKING.....ITS GO TIME...
AND WHEN THEY CANT MANIPULATE THE MARKETS......TRADERS GET NERVOUS....AND YOU GET LEAKED REPORTS OF TAKEOVERS....THAT TURN OUT TO BE RUMORS....THAT TAKE A STOCK/COMPANYS VALUES ON A 20% UP/DOWN SEE-SAW TEETER-TAUGHTER......
I WOULD LOVE TO SEE WHO BOUGHT THE BLACKBERRY STOCK BEFORE THE TAKEOVER RUMOR.....AND WHO SOLD AT THE CLOSE OF DAY YESTERDAY??????HMMM????
Vinman > Sqwatchy I Couldn't agree more.
Sqwatchy January 15, 2015 at 2:07pm SWISS ACTION:
CAN BE COMPARED TO A FINANCIAL TSUNAMI....THAT IS APPROACHING ALL OTHER CENTRAL BANKS AND THEIR CURRENCIES...I AM SOOOO FRICKIN EXCITED!!!
THERE IS NO COUNTRY IN THE WORLD...THAT HAS PREPARED FOR THIS.......IS WHAT I HEAR IN THE FINANCIAL NEWS....
.I LAUGH...BECAUSE DINARLAND...HAS BEEN PREPARING FOR THIS FOR YEARS NOW....
ENJOY PEEPS..WE ARE ALMOST HOME. 2 OUTS....9TH INNING......AND LOOKS LIKE WE HAVE MIGGIE CABRERRA AT BAT FOR DINARLAND>>>>.
Robdel » January 15th, 2015, 2:24 pm Question: how can the Swiss do what they just did with their currency without the IMF or BIS? Or did they?
JJONES: Lagarde said Swiss central bank did not warn IMF
NEW YORK | Thu Jan 15, 2015 12:42pm EST
NEW YORK, Jan 15 (Reuters) - The head of the IMF on Thursday said she was surprised by the decision of the Swiss Central Bank to scrap its three-year-old cap on the franc, which sent the safe-haven currency soaring against the euro.
"This was a bit of a surprise," IMF Managing Director Christine Lagarde said on CNBC. "(SNB Chairman Thomas) Jordan did not contact me; I find it a bit surprising that he did not contact me."
"I would hope it was communicated with colleagues from other central banks - I don't know that it was," Lagarde added, declining to comment on the decision itself. The SNB's move to scrap its cap of 1.20 francs per euro on Thursday sent stocks plunging amid fears for the export-reliant Swiss economy. (Reporting by David Gaffen in New York, writing by Anna Yukhananov in Washington)