Interesting times: Putin plays gas card, SNB cuts Euro link, gold surges

http://www.mineweb.com/interesting-times-putin-plays-gas-card-snb-cuts-euro-link-gold-surges/

Europe plunged into energy crisis as Russia cuts off gas supply via Ukraine

http://www.dailymail.co.uk/news/article-1106382/Europe-plunged-energy-crisis-Russia-cuts-gas-supply-Ukraine.html

“It’s Carnage” – Swiss Franc Soars Most Ever After SNB Abandons EURCHF Floor; Macro Hedge Funds Crushed

http://www.zerohedge.com/news/2015-01-15/its-tsunami-swiss-franc-soars-most-ever-after-snb-abandons-eurchf-floor-macro-hedge-

Initial Jobless Claims Surge Above 300k, Highest Since June 2014

http://www.zerohedge.com/news/2015-01-15/initial-jobless-claims-surge-above-300k-highest-june-2014

Best Buy Is Worst Buy: Stock Crashes After Goldman “Buy” Upgrade

Submitted by Tyler Durden on 01/15/2015 – 09:39

Another day, another Kermit kicks the can. .

Anyone know why CHF is up 15% and the EUR is down 1.30%

I thought two currency were locked together

When the stock market starts to behave like a roller coaster, that is a sign that a major move to the downside is right around the corner. As I have statedrepeatedly, when the market is very calm it

image: http://images.intellitxt.com/ast/adTypes/lb_icon1.png

tends to go up. But when the waters start getting really choppy, that is a clear indication that stocks are about to plummet. In early 2015, volatility has returned to Wall Street in a big way. At one point on Tuesday, the Dow was up more than 300 points. But then the bottom dropped out. From the peak on Tuesday, the Dow plunged nearly 700 points in less than 30 hours before recovering more than 100 points at the end of the day. The Dow has now experienced the longest losing streak that we have seen in 3 months, but that is not that big of a deal. Of much greater concern is the huge price swings that we have been seeing. Remember, the three largest single day stock market increases in history were right in the middle of the financial crisis of 2008. So if stocks go up 400 points tomorrow that is NOT a good sign. What we really need is a string of days when stocks move less than 100 points in either direction. If stocks keep making dramatic moves up and dramatic moves down, history tells us that it is only a matter of time before they collapse. Any student of stock market history knows that what we are witnessing right now is exactly how markets behave right before they crash

http://investmentwatchblog.com/this-is-exactly-how-markets-behave-right-before-they-crash/

Saudi Arabia building 600-mile ‘Great Wall’ to keep out Islamic State

http://www.washingtontimes.com/news/2015/jan/14/saudi-arabia-building-great-wall-keep-out-islamic-/

Look at this candle. Swiss left euro

Philly Fed Crashes From 21 Year Highs To 12 Month Lows, Employment Tumbles

Submitted by Tyler Durden on 01/15/2015 – 10:08

With the biggest miss since August 2011, The Philly Fed Factory Index crashed from 21 year highs in November to the lowest since Feb 2014. The headline 6.3 print, missing expectations of 18.7, follows last month’s drop for the biggest 2-month drop since Lehman. Under the surface things are even worse with the employment sub-index plunging to its worsdt since June 2013 and the outlook for CapEx slashed in half from 24.8 to 13.2. But but but fundamentals…

http://www.zerohedge.com/news/2015-01-15/philly-fed-crashes-21-year-highs-12-month-lows-employment-tumbles

WOO HOO, you did magic!!!

Sounds like a wonderful plan Great Gooroo!

Keep posting them Bullet Trains Maya! 🙂

“Gold to $1250”

My new Gooroo … I worship at your feet! 🙂

Silver Standard Reports 2014 Production Results and 2015 Guidance

http://finance.yahoo.com/news/silver-standard-reports-2014-production-220200663.html

Northair Reports Updated Mineral Resource Estimate at La Cigarra Silver Project, Mexico

http://finance.yahoo.com/news/northair-reports-updated-mineral-estimate-222238084.html

Coeur Announces Fourth Quarter and Full-Year 2014 Production and Provides 2015 Guidance

http://finance.yahoo.com/news/coeur-announces-fourth-quarter-full-120000395.html

Fortuna Reports 2014 Record Production of 8.7 Million Silver Equivalent Ounces and Issues Guidance for 2015

http://finance.yahoo.com/news/fortuna-reports-2014-record-production-120000176.html

Detour Gold Reports Fourth Quarter and Full Year 2014 Operating Results and Provides 2015 Guidance

http://finance.yahoo.com/news/detour-gold-reports-fourth-quarter-120000193.html

Asanko Gold Mine Construction Update

http://finance.yahoo.com/news/asanko-gold-mine-construction-120000719.html

McEwen Mining Reports Record Production in 2014

http://finance.yahoo.com/news/mcewen-mining-reports-record-production-124158304.html

Richmont Mines Provides Guidance for 2015 and Transformational Development Plans for Island Gold Mine

http://finance.yahoo.com/news/richmont-mines-provides-guidance-2015-130000740.html

Great Panther Silver Reports a 12% Increase in Metal Production in 2014

http://finance.yahoo.com/news/great-panther-silver-reports-12-133000168.html

SilverCrest Announces 2014 Production and Provides 2015 Guidance

http://finance.yahoo.com/news/silvercrest-announces-2014-production-provides-134400060.html

Are they GeoEngineering/Terraforming the Earth (Chemtrails) for the New Humans?

https://www.youtube.com/watch?feature=player_embedded&v=GPQ_JFY1Hx4

Now THAT is a triangle breakout!  We’re flying high with good support under us.

http://www.railpictures.net/photo/494167

Ipso:  Maybe I should post ‘bullet Gold Trains” more often?  🙂

Login or register to post comments
Thu, 01/15/2015 – 06:36 | 5664006Haus-Targaryen
Haus-Targaryen’s picture
Why did they do this and why now?

This is the question.

If the EUR tanks due to QE or the Greeks, then now due to the pair — the CHF would skyrocket until the SNB came to the rescue and started buying a ton of EUR and EUR assets with CHFs. Thus, seems likely that they are anticipating a collapse in EUR value to such an extent that the SNB would not be able to keep up, so they decoupled early.

My guess is the QE + the Greek problem forced the SNB’s hand as they definitely didn’t want to do this.

Haus-Targaryen
Haus-Targaryen’s picture
Or, the inverse of the equation would be the SNB is expecting an appreciation of the CHF to such an extent that it could not purchase assets fast enough to hold the peg.

As I sit back and think about this — I think this would be the scarier option as it has the EUR surviving, but the CHF appreciating at a materially faster rate than the EUR. (E.g., another currency somewhere else in the world ora basket thereof goes to hell and quickly).

The more I “war game” this, the next few weeks will show us why they did this. They got a heads up from someone, and decided this is the best thing to do. I would imagine they have delayed this until the last possible moment.

Login or register to post comments

Thu, 01/15/2015 – 06:53 | 5664050Keyser
Keyser’s picture
There will be no QE for the EU… Not unless they want Germany to exit the EU faster than you can say boo… So IMHO, the SNB has decoupled from the Euro to keep from being drug down with it when it dies…