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Whether selling half of its gold near an epic bottom or buying CHF120B of euros this year, the...

Whether selling half of its gold near an epic bottom or buying CHF120B of euros this year, the SNB is a central bank worth fading. Its latest move has been to sell some of those euros in favor of yen, making the SNB short CHF/Yen. Bruce Krasting takes the other side of that trade.
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