Here's the real story behind the Swiss national bank's sudden ending of its 2011 peg to the euro.
Economist John Maynard Keynes was noted for saying lots of things and one of them was a response to a question about changing his view to which he reportedly replied: "What do you do when you find out your wrong? I change my mind."
And that's what the Swiss central bank did last week, change it's outlook before their central bank doors get blown off their hinges in a modern day central bank version of your pain tolerance is important but not as important as ours.
Last one out turn off the lights because you won't be needing them any time soon.
http://www.mining.com/swiss-franc-farce-may-be-gold-price-tipping-point-89548/
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