According to ZH this is why silver tanked recently.Comments »
S&P futures are diving, down 11, on renewed Euro worries. The Euro is down rather dramatically by 0.63%.Comments »
Down 0.9% for the day.Comments »
“Swiss central bank Vice President Thomas Jordan said the franc remains “overvalued” and policy makers are ready to take further measures if needed.
“The minimum exchange-rate is a measure that was taken in a crisis where there was no other possibility to curb the franc’s appreciation,” Jordan said at a conference today in Lucerne, Switzerland. “We’ve always said that it’s a minimum exchange-rate and not an exchange-rate target versus the euro. At the moment, the franc remains highly valued, overvalued, and should depreciate again over time.”Comments »