Hi. I can give you a definitive answer; forget all the experts or low-post-count wannabes. The answer is "maybe".

But the question was "how much time do I have?" What kind of an answer is "Maybe"?!

Maybe you have time. Maybe you don't.

But the question wasn't "Do I have time?", it was ... oh, never mind. While we've been debating, the window's closed.

For today.

I am in exile from Switzerland until it drops .

A vague one.

You know, if anybody knew that sort of thing with certainty they wouldn't be playing around on the EF. They'd be borrowing as much money as possible to get rich fast. The fact that wê're here means we don't know. "Maybe" is thus the most accurate answer you can get.

A good time to do this was yesterday. But of course, we only know about it today :-). That's how markets work.

The best time to do it was 2 years ago. Like normal, the markets are so much easier to predict in retrospect....sort of like everything!

2 years ago EUR/CHF was 1.5, yesterday 1.03.

It seems like the SNB has drawn a line in the sand, and its at about 1.10.

I personally don't think the SNB has what it takes to tackle the forex market, and investors will certainly test the might of the SNB in the next 2-3 days.

What are the chances the franc will gain back the 6 cents it has lost so far today?

Maybe
........

Next Friday.

22 yards explodes

100% sure it will but no idea when!

I'd risk and say, that probably lower then losing even more vs. the euro.

You think the CHF will fall even more in the short term? Interesting.

Lost a chance by 1 hour to cash in at the high rate. Oh well.

The SNB HAS what is required. This has been shown by predecessors of Mr Hildebrand. It is not his job to move the Euro UP but it is his job to stop the CHF rising. And it is his job to work for the national economy. He most likely will introduce negative interests on foreign money deposits in Switzerland. As Swatch chief Nick Hayek already said, the SNB will have to stay on course for days or weeks ahead. N.H. also stated that the speculators will of course buy up a good part of the added money on the market, but cannot sell it, as their selling of CHF reserves they hold will push the CHF back down. They only can use their CHF to do some real investments inside Switzerland, which is an interesting aspect.

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This is NOT a "chance" but a danger. The CHF will gain if it drops back down farther.

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Switzerland will stop that from happening via the SNB. It has the right to defend its national interests.

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While this would be good for Switzerland, it may be wishful thinking. It is alright if things can be stabilized at the current position (plus-minus 2 Rp).

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about "It seems like the SNB has drawn a line in the sand"
Always the risk that the tide comes in & washes the line away!!