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Trust in gold market collapsing, fund manager Kaye tells KWN
6:22p ET Wednesday, July 24, 2013
Dear Friend of GATA and Gold:
Hong Kong fund manager William Kaye, interviewed today by King World News, says rising premiums for delivered gold over mere contracts signify the collapse of trust in the gold market. As a result, Kaye says, "the setup for gold is as good as if not better than Nasdaq tech stocks in the early 1990s." Kaye's commentary is excerpted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/24_Th...
Also interviewed by King World News, fund manager Stephen Leeb chimes in: "The West, including the Bank for International Settlements, has thrown everything it can at gold in a desperate attempt to convince people around the world that gold is not a currency. It is quite clear at this point that this desperate gamble by the West has failed miserably."
Leeb's interview is excerpted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/24_Fa...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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