Sunday 7 August 2011

We know that over here, Lord Keynes said that gold was a barbarous relic but he is a dead western economist and he's irrelevant now. It's what the Asians think that matters most.


Robin Griffiths on Jim Puplava's Financial Sense Newshour last weekend:

Technician Robin Griffiths is Bearish on Equities, but Likes Gold

"We know that over here, Lord Keynes said that gold was a barbarous relic but he is a dead western economist and he's irrelevant now. It's what the Asians think that matters most."

Tonight he is proved correct. Gold opens in the Asian market on Sunday night up $20 at a brand new all-time high with a big gap up and a big green candlestick. This gives a jump from $1663 to $1689, so +$26 in 30 seconds. The old high was about $1680.

ABout 4 minutes later, the top of this spike was $1695. Now it has pulled back to about $1685.

Robin Griffiths is proved right in 4 minutes. The Asians evidently want gold!


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