EURCHF Capitulation As Pair Hits Fresh All Time Record Low Of 1.2892

And meanwhile in Europe, things are going from horrendous to abysmal. The EURCHF just touched on a fresh all time record low, as everyone is now funneling their capital, deposits and assets into Zurich, Geneva and Bern. Hungarian debtors are now writing in pain, as is Phillip Hildebrand as the Swiss export industry is one foot in the grave. All those in the market for a new Patek perpetual calendar will have to wait.

Comments

[Caviar Emptor]

...and don't forget! The Swiss love turning paper into gold...(!)

[ZeroPower]

You speak of alchemy?!

[hedgeless_horseman]

http://www.kitco.com/images/live/gold.gif

Anyone know what Krugs are actually going for in Europe today?

[Hephasteus]

They are going for help because I doubt they have any or will have any before long. Bad money can drive out good but this time miss daisy got driven to the morgue. While Morgan Freeman is over at the printing press making water.

[plocequ1]

+ 1000.

[desgust]

Krügerrand 1oz, versch. Jahrgänge 987.00 EUR   1,021.00 EUR Maple Leaf 1 oz, versch. Jahrgänge 987.00 EUR   1,021.00 EUR Philharmoniker 1 oz, versch. Jahrgänge 987.00 EUR   1,021.00 EUR Nugget/Känguru 1 oz, versch. Jahrgänge 987.00 EUR   1,021.00 EUR Krügerrand 1 oz, Jahrgang 2010 990.00 EUR   1,024.00 EUR Maple Leaf 1 oz, Jahrgang 2010 990.00 EUR   1,024.00 EUR Philharmoniker 1 oz, Jahrgang 2010 990.00 EUR   1,024.00 EUR Nugget/Känguru 1 oz, Jahrgang 2010 990.00 EUR   1,024.00 EUR

[hedgeless_horseman]

Danke.

[Internet Tough Guy]

Chocolateers smeared!

usd/jpy is plunging.

[Tarheel]

Vat does dis mean?

[Bam_Man]

Dieses Spiel ist am Ende. Alles verliert.

[Arseclown]

C'mooon SNB manipulation!!!  Squeeeeeze it up, then reshort.  Rinse and repeat.

[CulturalEngineer]

I just can't stop thinking about science fiction author David Brin's 'not-entirely-fanciful' plot device that forms part of the background story in his novel "Earth"... (written in the late 80's)...

That somewhere in the mid-teens of the 21st century we'd have what he called 'The Helvetian War'...

That as a result of excessive financialization, the characteristics of networks, and the rapidly changing technologies of 'money manipulation' and scale...

We'd end up with the world coming to the realization that way too much money had gone to crooks and tyrants... and was hidden away in secret accounts...

Which ends in a bloody invasion of Switzerland to find and recover all the stolen loot...

All fiction of course.

Uh huh...

[Goldenballs]

Drip,drip,drip, ............. is that rain on the window of my border guards hut on the German / Swiss border ............. no its wealth leaving Germany in a hurry.Buy 2 Euro,s get 1 free !!!!

[Unscarred]

WRITING in pain or WRITHING in pain?

[Miles Kendig]

Just imagine what this would look like if there hadn't been intervention by Swiss authorities.....

Can't stop a black blizzard with a bucket of water.

[Jiiins]

Lugano is the third Swiss financial center, not Bern... c'mon.

[Herry12]

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