swiss peg frac to euro

  1. 428 Posts.
    http://www.bloomberg.com/news/2011-09-06/asian-stocks-euro-drop-as-treasury-yield-falls-to-record-on-europe-crisis.html

    Denis Gartman seems to think this will lead to a flight to the USD. He was just interviewed on CNBC and said he felt this was a negative for POG.

    I think this just removes a rival safe haven trade and will lead to even more interest in gold.

    Any thoughts?
 
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