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<p>[QUOTE=&quot;desertgem, post: 2063860, member: 15199&quot;]The ones that got hurt were the Foreign exchange players who were using the pegged franc for low risk ( assumed) trades. The assumption was that if the Swiss were going to un-peg the franc, they would do so gradually so the exchanges could gradually reduce their exposure via margins, etc.&nbsp; However the Swiss decided ( after apparently letting the info slip to valued friends and associates) to wack the rest of the FX groups ( my assessment based on who were NOT up to their necks in deals before the deal happened). The bullion sites are banging this event even though it was a &#039;paper&#039; deal , and nothing to do with PM directly. The majority of loss, was to the retail trade and not the large financial institutions. My interpretation of course.[/QUOTE]</p><p><br /></p>

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