Alasdair MacLeod – Asians Buying Gold Again and This Has Bullion Bank Shorts Frightened

from King World News

Today London analyst Alasdair Macleod told King World News that Asians are buying gold once again and this has bullion bank shorts frightened.

Asians Buying Gold Again

October 8 (King World News) – Alasdair Macleod: Eric, there are some interesting developments in gold trading. Firstly, the perceived wisdom is that high prices in Asian currencies are encouraging sellers, but now when we wake up in London, we find overnight prices are higher, which tells us the Asian markets are net buyers again. Of course, on Comex the bullion banks take the price down because they are very short and wish for the lowest price possible.

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