Robin Griffiths - Exponential Move in Gold & Silver

The following comment displays an implicit understanding of the historical tendencies in the gold and silver markets. A plateau move will commence once the upper trading channel is broken (and likely tested) as support. This brings 1400 to 1450 London pm fixed as a critical zone.

Gold London PM Fixed:

When asked about silver being overbought Griffiths stated, “When you look at these things from a technical point of view, they usually go into a sustained uptrend. Then when they are getting near the end they go exponential, and gold has not yet gone exponential. It would need to be above about $1,450 before it went into the exponential phase. And of course when that happens, silver should go exponential on the exponential.”

The U.S. dollar bulls might want to review this comment as well.

Ahead of the Fed announcement on QE, King World News interviewed one of the top strategists in the world, Robin Griffiths of Cazenove Capital. When asked about QE 2, Robin stated, “The fed would appear not to be going to blink, it’s going to keep printing dollars, and almost all of the cross rates on the currency markets are saying, ‘The dollar is toast, the dollar is really toast.’ There’s no sign of a reversal there.”

Source: kingworldnews.com