Jim Rogers: You Swiss fools( Oh, and buy RMB, LOL)

[macroman]

Quote from Visaria:

Put an stop order in at 1.199999 to buy the swissy. Your fill will be horrendous.

1.2003 will do.

 

[dhpar]

Quote from DT-waw:


how will snb defend euro vs usd?
or usd vs chf?

why would they defend USDCHF Sherlock? they care about EURo which is where most of their stuff is exported to.

nice article here: http://uk.reuters.com/article/2011/09/08/uk-swiss-snb-intervention-idUKTRE78723920110908


nb.: i exited today my long EURCHF as the next few days may be a bit challenging on Greece front (especially tomorrow when the deal with bondholders fails). looking for a better exit closer to 1.2000.

 

[playmoney]

Quote from DT-waw:

rogers owns swiss francs, probably a lot more than euros.
he is pissed off.

Nobody in this business is unbiased. Keep this in mind and your decisions will be better.

 

[dhpar]

Quote from dhpar:

why would they defend USDCHF Sherlock? they care about EURo which is where most of their stuff is exported to.

nice article here: http://uk.reuters.com/article/2011/09/08/uk-swiss-snb-intervention-idUKTRE78723920110908


nb.: i exited today my long EURCHF as the next few days may be a bit challenging on Greece front (especially tomorrow when the deal with bondholders fails). looking for a better entry closer to 1.2000.

correction in red. sry

 

[DT-waw]

oh, by the way. the Greece will default this weekend.
Portugal, Ireland, Italy will also in October.

SNB remedy: buy any amount of EUR currency

Swiss citizens: well, you're experts, lets do it!

 

[Martinghoul]

Now you're just being silly, DT...

Do you understand what the SNB actually does when it buys EUR?

 

[DT-waw]

yes, it buys the greatest, safest and most rewarding assets in the western world

Swiss banks could capture massive amounts of money which will be taken out of german, french, spanish banks. But they've chosen to sink on the same boat. Hilarious.

 

[Martinghoul]

Quote from DT-waw:
yes, it buys the greatest, safest and most rewarding assets in the western world

Yep, that's right, they buy short-dated German bonds... So what do you think is going to happen to German bonds if Greece defaults and the rest of the PIIGS follow?

 

[DT-waw]

oh, nothing. banksters will print more and everything is going to be just fine.

 

[Martinghoul]

Quote from DT-waw:
oh, nothing. banksters will print more and everything is going to be just fine.

Ah, OK, so you actually don't have a clue what's going on and are just sorta generally making random statements?