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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.54+1.2%4:00 PM EST

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To: Snowshoe who wrote (109796)1/17/2015 9:28:07 PM
From: Elroy Jetson2 Recommendations  Read Replies (3) of 217544
 
Dear God in heaven, everyone seems to have thought that the Swiss Franc was a guaranteed one-way trade, borrow a billion Francs at nearly zero percent interest and buy almost anything else.

The one pressure the Swiss central bank probably received from bankers, which I hadn't thought of is pretty obvious.

All of the unsavory people who had deposited trillions of Francs in Swiss banks may decided to remove their deposits if the Swiss Franc were to follow the Euro down in value.

I still think there must some large investors who won by borrowing Euros and purchasing Francs.

But people are odd. Many years ago the roulette wheel at the casino at Baden Baden came up Red 36 times in a row, and it wiped-out all of the betters as there was a mad rush to bet on Black. Only the casino won.
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