jsc thank you, it maybe many excitements before 2500 - here is about the SWISS - what is the truth and reality - the bottom lines - of Bill Holter recent message;
We will soon witness the greatest margin call in all of history. We will also witness the greatest transfer of wealth and re set in all of history!
My only question is whether what so far has been “rolling re sets” becomes an official market/bank/finance closure and announced …or, do the markets continue to trade and force re sets in market after market.
As an additional note, we have one last question to ponder which may or may not be connected.
Koos Jansen put forth a “mystery guest’s” theory that the Swiss went short gold in Sept. 2011 which marked the top in gold. He asks in the following link, “did Switzerland just cover their short“?
I believe there may be some credence to this theory but would go one step further.
Zerohedge asks the question and speculates Japan may be the next “Switzerland” and pull the plug on Abenomics.
Personally I see it a little differently, more importantly, what if the Chinese were to react to the coming QE4 by doing two things?
What if China just walked away and sold their dollar holdings …and at the same time revoked their current peg of the yuan to the dollar?
Will China some day ratio back their yuan with gold? I think this is likely.
Would the dollar collapse 30% like the euro just did versus the franc or will the re set be much larger?
Of course the next question would be “how high would gold be marked up”?
An unpegging of the yuan by China would be more important and (current) system ending than nearly anything else I can imagine.
For China to break their peg, the paper short positions in gold and silver would finally be exposed for what they are, counterfeits!
Gold pushed back above the $1300 as the ECB finally unleashed the QE beast, pledging to print more than one trillion euros over the next 18-months at a minimum. The yellow metal soared to a new 21-month high against the euro at €1145.62.
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