Dollar Accelerates…Stuff Hitting The Fan

The dollar is accelerating in strength rapidly. Why? Several financial events rapidly come to mind. The falling oil price, the collapsing Ruble, and of course the most recent, the Swiss franc becoming de-pegged from the Euro. From zero hedge and Phoenix Dapital Research on January 26, 2015 "The world carry trade for US Dollars is over $9 trillion. "In today’s world of monetary … [Read more...]

Gold and Swiss National Bank De-Peg

The Swiss franc was unilaterally de-pegged from the euro last week causing major market upheaval and financial stress to multiple firms. From Sproutmoney, 22 January, 2015: "The historically ‘neutral’ Switzerland, a safe haven for large capital, is now a victim of the worldwide currency war. While almost every central bank across the globe is trying to devalue its currency, the … [Read more...]