Tag Archives: swiss gold referendum

Gold lower after the Swiss referendum failed!

On friday gold broke important support level at 1178/80, and close the week at 1166, but after the Swiss gold referendum failed over the weekend, gold opened the week even more lover for 12 usd, at 1154. Looking bearish now and aiming first minor support at 1146/48. Stronger support is waiting on the 1130/32, previous low from November 07. This

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Swiss voters say NO to gold!?

Early projections from Switzerland shows that more then 75% of the voters are against Swiss gold initiative. Finaly, the SNB could catch a breath according to SRF projections. On my oppinion voting against is not surprise, but for me, procentage against Swiss gold initiative is. We will see the final results, but this is to big advantage that something significant could change.

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GOLD, danger zone in the next couple of days!

There are just 2 days left until the “Save Our Swiss Gold” referendum this Sunday. On November 30, voters in Switzerland will head to the polls to decide whether the Swiss National Bank (SNB) should back the Swiss franc with gold by increasing its gold holdings to 20% – up from current levels of 7%. How the SNB came to

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