"It's Carnage" - Swiss Franc Soars Most Ever After SNB Abandons EURCHF Floor; Macro Hedge Funds Crushed

There are many counterintuitive cross-currents due to the Swiss National Bank removing the peg between the Swiss Franc and the Euro, but one unintended consequence is prices of precious metals soared--at least when priced in USDollars.  In stark contrast, the price of gold--when priced in USDollars--plummeted due to the violent appreciation of the Swiss Franc.

The currency wars continue to wreak havoc on forex speculators and global financial systems, with far-reaching implications for the average consumer.

http://www.zerohedge.com/news/2015-01-15/its-tsunami-swiss-franc-soars-most-ever-after-snb-abandons-eurchf-floor-macro-hedge-