Aliens Hoarding Gold

August 21, 2011

Weekly Market Outlook

By Keith Schneider

Cowboys vs AliensWith all the wonderful news (not) on the economic front and the Equity Markets cratering, Gold was partying like it was 1979, extending its parabolic move another 6% for the week, while silver moved up 5% on Friday alone, looking to join the festivities. Say what you want about Hollywood film makers, but they now rank as some of the best gold traders ever. I just saw a documentary film “Cowboys versus Aliens” and we can now identify the unrelenting demand for Gold. Aliens! Unless we expunge them from the planet, Gold will keep soaring. With the 700 plus DOW rally from the recent lows then fizzling out let’s check the charts. This week we have a special video update.

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