“NO” Leading in Polls – Swiss Vote Referendum Derails Gold – UPDATED

Jon Blogosphere, Gold, Market Commentary, Politics, Precious Metals

I will get more on this later as time permits…
The polls seem to have shifted AGAINST the referendum. That has pulled the rug out from under the gold market which has been drawing support from recent polls showing “YES” had a slight lead.
I believe that once the public realizes that the SWB will be at a serious disadvantage in maintaining the Swiss Franc/Euro peg if the referendum passes, the mood will shift against it.

This post was published at Trader Dan Norcini on Wednesday, November 19, 2014.