Biggest short in 719 years of existence

The Swiss have just caved in and compromised their independence by signing away the unique feature that gave the Swiss their renown, privacy.

The Swiss are now just another overpriced European destination. While other European nations may leave the Euro, the Swiss are most definitely entering.

What occurred yesterday with the Swiss National Bank is counterintuitive, but easily explained. The Swiss have been trying to keep their Franc from appreciating then just stopped yesterday with the Central banker's comments yesterday. It must be seen in conjuction with the agreement in the US. The US agreement is bearish the Franc, so now the Central bank's job is to keep the Franc from falling. It will, but they are going to slow the process - starting yesterday.

I can't be more specific The Franc has ceased to be.

Buy the EUR/CHF and just keep buying.

You're not going to hear this anywhere else because anyone that is anyone is not going to share this billion dollar trade.

Just like every pundit that I enjoy reading from Nicholas Taleb to Marc Faber to Jim Rogers, from Barrons to Financial Times, didn't mention the Euro short until it was well underway.

The only ones were the ElliottWave group who get it wrong on a daily, but not in years. And a special shout out goes to James Dines on his Dollar call.