Gold and silver prices rallied today after a shocking move by the Swiss National Bank to abandon its 3-year cap on the Swiss Franc. European shares and bond yields were sent tumbling after this announcement, along with the US dollar, while both gold and silver prices went on a tear. Spot gold rose as high as $1,263 which brings it just above its key $1,260 resistance level. [youtube]http://www.youtube.com/watch?v=1IRhT99x0GY[/youtube] Source: http://dailysilverupdate.com/blog/2...ices-rally-swiss-national-bank-shocks-market/ Can this move be viewed as the Swiss giving themselves a license to print money? Will we be seeing more QE to come? Will this upward trend in both gold and silver continue into future weeks?
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