Thursday, August 18, 2011

Fed Lends $200 Million to SWISS National Bank

Time to break out Sterling again!

And you thought today was a down day. 
Zerohedge is reporting that the Fed has reopened liquidity swap lines, lending $200 Million to the SWISS NATIONAL BANK!
Yes, you read that right, Swiss, as in CHF.

If the Swiss National Bank needs emergency funding from the Fed, TSisreallyaboutTHTF in Europe.
As if gold needed any other encouragement.

Will $2,000 gold be a deep discount sale by Labor Day?