Gold retreated on reports Wednesday that support for a Swiss referendum to require the country’s central bank to hold 20% of its reserves in gold bullions is losing momentum. Only about 38% of those polled plan to vote for the Swiss gold measure, according to the Daily Mail, while Bloomberg reported that about 47% are likely to vote against it. The referendum, scheduled for Nov. 30, must secure more than 50% support to pass. ...
Japanese Yen Likely to Correct Sharply Higher, but When? The Japanese Yen fell to fresh post-financial crisis lows versus the surging US Dollar, but a clear slowdown the USDJPY rally warns that it’s near an end. When might we buy? The difficulty in trading the USDJPY is clear: recent data shows that the trade is extremely crowded, and a sharp correction is possible if not likely. Yet ...
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