Von Greyertz, Who Predicted SNB Capitulation Last Dec., Says Massive ECB QE Programme, Gold Breakout Coming

``The SNB was probably aware of a massive QE program about to be announced by the ECB next week.  This is probably why they pulled the trigger now on the peg because they would have lost a lot more money next week.  This is why they decided to cut their losses now at the 80 -- 100 billion Swiss franc level... Investors in the West now have a last chance to protect their wealth before the carnage starts because wealth destruction will be massive and unprecedented. When the more than one quadrillion dollar derivatives time bomb explodes it will be too late to do anything.''