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The Mike Fuljenz Metals Market Report
Winner - Beaumont Enterprise 2014 Readers Choice Awards
The Mike Fuljenz Metals Market Report

January 2015 – Week 3 Edition

Gold shot up to $1280 last Friday, after the Swiss National Bank removed its “peg” to the euro (established at a ceiling of 1.20 Swiss francs per euro in 2011), sending the Swiss franc up 15% to the euro and pushing gold immediately above 1100 euros per ounce, up from under 1000 euros a week ago. The Swiss acted in advance of the European Central Bank (ECB) meeting this Thursday, which will probably result in further “quantitative easing” (QE) measures, including negative interest rates, so the Swiss acted pre-emptively to take their relatively valuable currency off of its peg to the declining euro.