I will get more on this later as time permits...
The polls seem to have shifted AGAINST the referendum. That has pulled the rug out from under the gold market which has been drawing support from recent polls showing "YES" had a slight lead.
I believe that once the public realizes that the SWB will be at a serious disadvantage in maintaining the Swiss Franc/Euro peg if the referendum passes, the mood will shift against it.
Quick note - gold has lost $1180 once again. That is a big deal. It needs to stay above that level to keep the bullish hopes alive.
UPDATE:
38% YES
47% NO
For those who are still unclear on this referendum - if it passes, the SWB will be required to hold 20% of its assets in Gold.
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