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wolfstreet.com / by Wolf Richter / Sep 21, 2017  But the Swiss National Bank is just an innocent bystander. The publicly traded shares of Swiss National Bank (SNBN) rose 5.7% on Thursday and closed at a new high of 4,449 Swiss francs. They have skyrocket 133% since July 19. And that’s just the last two months of an exponential spike. Who’re the lucky ones that own the shares of the SNB? The Cantons: 55.9% Public Cantonal banks: 18.4% Other public institutions: 0.5% Private shareholders: 25.3% (100,000 shares). With only 100,000 shares being publicly traded on thin volume, it’s easy to drive up the price. Some well-placed hype and a modest amount of buying pressure can trigger big moves that then inspire other speculators to jump in and chase the small number of shares. READ MORE The post Special Pump-and-Dump Scheme Spikes to High Heaven appeared first on Silver For The People.

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