The New York Post reports: China Markets May Have Peaked

Tracy Byrnes writes:

“According to the Chinese calendar, 2007 is the year of the pig, and in Chinese astrology that means good fortune.

But questions remain as to whether this current growth is sustainable….”

I love to see astrology in the mainstream news but I wish they would not couch these things. “May have peaked”? Have they peaked or have they not peaked? This is what we want to know. Non-writing like this drives me insane. And yeah, I know I’m pretty close to the sane/insane line but you know. Tell us something real. Tell us something definitive I wish.

Click to read the rest…

In April it was reported that Indians rushed to buy gold during the days of the Akshaya Tritiya festival.

Here’s another report of increased demand for gold due astrology from Mineweb:

“Year of the Golden Pig” helps boost gold demand to a record dollar level in Q1 2007

Rhona O’Connell writes:

“It is well established in Chinese Astrology that the Golden Pig is one of the most auspicious years for wealth and marriage. The World Gold Council notes in its latest Gold Demand Trends publication that Chinese consumer demand for gold was up by 31% over the first quarter of 2006, as the Chinese “flocked to buy gold jewelery and commemorative “Lucky balls”, especially around the Chinese New Year in mid-February…”

Mineweb – Gold Demand Trends