Gold and What Moves it.
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Trader Dan's Market Views: Silver and the Risk Trade

Trader Dan's Market Views: Silver and the Risk Trade | Gold and What Moves it. | Scoop.it
From traderdannorcini.blogspot.fr - November 30, 2012 1:42 PM

Dan Norcini writes:

 

"I have posted the following composite chart without any easily discernible labels to illustrate why I analyze the silver market in the manner that I have been doing for some time now.

 

"Both charts use last November 2011 as the starting point and carry on through the present trading session. See if you can pick out which one is the Continuous Commodity Index and which one is the Silver price.

 

"Surprised? You should not be. As I have stated repeatedly, silver is moving in near perfect tandem with the RISK TRADE. When risk assets are in vogue, silver will move higher; when risk aversion is the play, silver will move lower along with the rest of the commodity complex. ..." click through for the full analysis.

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Gold contributes CHF 1.4 billion to Swiss central bank profit

From www.bullionstreet.com - January 17, 3:36 PM
The bank said its foreign currency positions contributed about 4.7 billion francs in profits, while the rise in gold prices delivered a 1.4 billion gain in the value of its holdings.

 

ZURICH(BullionStreet): Climbing gold prices helped Switzerland's central bank to post a reasonable $6.4 billion profit last year.

 

The Swiss National Bank in a statement said it's foreign currency positions also helped to maintain the profit limit from going down further.

 

In 2011, the Swiss central bank posted a record 13.5 billion franc profit when it was buying a massive amount of euros to hold down the value of the franc. ...

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