Every little bit helps to gain some momentum. Also having set a bottom euro:Chf they would have Continued to buy to support this as euro is likely to drop.
RE: Swiss Gold vote likely to be No
To be honest, you'll find little market reaction to that - which means I also infer that I don't believe today's gold drop is related to this and this is why: Even IF the swiss will vote yes, it doesn't end there because this needs to be followed by a majority backing from the district councils of Switzerland - This was very difficult as the Federal government is opposed to the idea.
Swiss Gold vote likely to be No
Unfortunately the vote to buy gold is likely to be No....
From the EMG forum!
I think this post by FATLAD just proves how bent the companies are that manipulate the markets although in the great depression Goldman Sachs were involved in just about every gangster type practice there was! 'The Banking Standards Review Council, a new body established to overhaul banking behavior in the UK, is not receiving support from major Wall Street banks, including Goldman Sachs Group Inc. (GS). Banks are reluctant to accept the BSRC, as failure to comply with the council’s standards might mean they are liable to legal proceedings”. . . . . http://www.bidnessetc.com/27665-goldman-sachs-says-no-to-bsrc-in-uk/ . . .. . . . Does this not beggar belief that such companies refuse to to be legally responsible to comply to abide with the rules of the country yet the London Stock Exchange allow such companies to be in a position manipulate their market.
£3 Certainly possible!
In fact after the case is settled and a few years on £3.00 will seem very cheap! Further licences and opening up new areas, maybe a take over bid by a big player and entry into the ftse 100 certainly all possible in the future Tibbs!
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