Allied Nevada Gold Corp ANV

Swiss reject with 78-22%

[hanscazan]

Any influence on the Goldprice/stocks?

Swiss referendum NO

The “Save Our Swiss Gold” proposal stipulating the Swiss National Bank hold at least 20 percent of its 520-billion-franc ($540 billion) balance sheet in gold and never sell any bullion was voted down by 78 percent to 22 percent, according to projections by Swiss television. Polls had forecast the initiative’s rejection. Two other initiatives on tax privileges for foreign millionaires and immigration limits also were rejected.

[riverrunner]

Sadly, looking at overseas metal prices, its not going to be a good day for miners.  I have adding on the physical stack side.  I just cannot see how any commodity can be sold belows it cost of production for long, at least not one as irreplaceable an element as silver.  Also, I think that the North Dakota job market is about to get ugly, very ugly...