The Real Reason Why Germany Halted Its Gold Repatriation From the NY Fed

[Magda Hassan]

It will be very interesting t see what happens with the Swiss demand for return of their gold. Different circumstances. I would expect a war to break out some where as a distraction if they cannot come to an arrangement and I don't know the Swiss will be so accommodating as Germany was in their case. The emperor really does not wear any clothes and it will be hard for them to tell us he does.

Gold & Silver Surge, Recover Swiss Gold Poll Losses As EURCHF Hits Lows

Submitted by Tyler Durden on 11/19/2014 12:26 -0500

• Precious Metals
  

It appears the FX and Precious Metals markets have as much faith in the pre-Swiss Gold Referendum polls as the Scots did before their referendum. The clearly leaked results sparked considerable weakness in gold and silver (and EURCHF surge), but once the data was released, markets began to creep back - perhaps questioning the plausibility of such a big swing in such a short amount of time. This surge was also helped by some unusually frank comments on Russian gold buying from the Russian Central Bank. Gold, Silver, and EURCHF have all recovered the moves with the latter pressing towads cycle lows...



And EURCHF has roundtripped to cycle lows...


Charts: Bloomberg