Swiss Gold Referendum a buying opportunity?

Discussion in 'General Precious Metals Discussion' started by QLDSILVER, Nov 19, 2014.

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  1. QLDSILVER

    QLDSILVER Member

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    Question: Does anyone think the date of this Swiss referendum vote is a bit suspect? I've got this feeling that it was purposely set after our American Thanksgiving holiday which is the 27th and 28th. Our markets will be closed on the 27th for sure but I think they might be open Friday. But anyway, the Cartel loves to smash the paper PM's on American holidays when trading is dead.

    I suspect they will utilize our holiday distraction and closed market to hammer PM's just ahead of the Swiss vote to scare the voters from passing the referendum.

    Might be a good time to sit back and wait to buy phyzz until Friday the 28th to see what the Cartel does.

    Thoughts?

    This was posted on Zerohedge under comments, might be worth thinking about....
     
    QLDSILVER, Nov 19, 2014
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  2. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    rubbish
     
    Caput Lupinum, Nov 19, 2014
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  3. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    On the contrary, what better way to demonstrate to the Swiss voters what a bad investment gold is as a support to their currency. I expect that we will continue see the rise in gold until next week, and as QLDSILVER said, a major smackdown before the vote.
     
    sammysilver, Nov 19, 2014
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  4. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    What if speculators are expecting manipulation to temporarily raise prices so they all start piling in now which causes prices to go up. Then, just before the predicted smackdown, they take profits by selling which results in a smackdown?

    Then everyone says this was obvious manipulation which reinforces the idea and the next time some major gold-related decision is upcoming, everything repeats.
     
    SpacePete, Nov 19, 2014
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  5. thatguy

    thatguy Active Member

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    IMHO a smackdown will be a buying opportunity. A no vote is the best result for gold as low sentiment = bottom. In other words the more bears in the swiss population the better. Nothing worse then taking the entire population of a country of a bull run as the idea of a bull market is to leave as many people behind as possible. A yes vote will provide a pop, but it will not last
     
    thatguy, Nov 27, 2014
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  6. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    If nothing else...gold will get world wide exposure.
     
    Holdfast, Nov 27, 2014
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  7. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    a "No" vote has already been priced in to the market with all mainstream news and polls predicting an overwhelming "No". The fact that the gold price has held up so well looks very encouraging and if its is a "no" or a "yes" vote on Sunday, I see it moving up next week.
     
    Ronnie 666, Nov 27, 2014
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  8. BullionDollarMan

    BullionDollarMan Member Silver Stacker

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    Mike Maloneys message to the people of Switzerland

    [youtube]http://www.youtube.com/watch?v=Vf0uV48ENQg[/youtube]
     
    BullionDollarMan, Nov 27, 2014
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  9. House

    House Well-Known Member Silver Stacker

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    Meanwhile in Swizzerland...

     
    House, Nov 30, 2014
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  10. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Even if it dips immediately after a "no" vote, I think that dip would be a temporary overreaction and it will quickly bounce back. So possibly worth buying on such a dip.
     
    SpacePete, Nov 30, 2014
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  11. thatguy

    thatguy Active Member

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    Anyone know when it is aussie time?
     
    thatguy, Nov 30, 2014
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  12. House

    House Well-Known Member Silver Stacker

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    The unofficial results are due out around 13.30 GMT on Sunday but more formal results are not expected until 16.30 GMT so 3.30am in Syd.
     
    House, Nov 30, 2014
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  13. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    That gives a reasonable gap between the decision and the markets opening. If its a "yes" vote I imagine many will be taking the opportunity to get some orders in at the weekend spot.
     
    SpacePete, Nov 30, 2014
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  14. House

    House Well-Known Member Silver Stacker

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    Yes vote is looking very unlikely and has been for the last few weeks. I expect a 63% no vote to put a dampener on the build up to it all.

     
    House, Nov 30, 2014
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  15. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Current local time in Switzerland - is 09:58AM
     
    Holdfast, Nov 30, 2014
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  16. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    For what it's worth, I have gone long on Toblerone tonight
     
    Caput Lupinum, Nov 30, 2014
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  17. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    [​IMG]
     
    Holdfast, Nov 30, 2014
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  18. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    "Toblerone is a Swiss chocolate bar brand owned by US-American Mondelz International, Inc."

    "No" vote confirmed. Thanks Caput Lupinum.
     
    SpacePete, Nov 30, 2014
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  19. SilverDJ

    SilverDJ Well-Known Member

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    Indeed. The dealers might see a huge wad of orders come Monday morning if it's a yes vote.
     
    SilverDJ, Nov 30, 2014
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  20. House

    House Well-Known Member Silver Stacker

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    But it is made in Bern so that's a "Yes" vote confirmed :p
     
    House, Nov 30, 2014
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