Swiss gold referendum and SNB risk

by Ashraf Laidi

Nov 10, 2014 16:29

As EURCHF falls below 1.2030, it's time to highlight the potential problems facing the Swiss National Bank, as we approach the November 30th Swiss gold referendum on whether the central bank should raise gold reserves to hold 20% of its total reserves from the current 7.8%. And given the risks to its policy-making, the SNB may have to act pre-emptively. Full charts & analysis.

Click To Enlarge

Latest IMTs

• Have Stocks Peaked?
  by Ashraf Laidi | Apr 27, 2026 14:47
• Missing the Silver Target
  by Ashraf Laidi | Apr 23, 2026 9:46
• Hedging your Margined Account
  by Ashraf Laidi | Apr 21, 2026 15:35
• From Fibonacci Land
  by Ashraf Laidi | Apr 20, 2026 18:40
• 3 Numbers of Oil & JPY
  by Ashraf Laidi | Apr 17, 2026 13:37