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Silver is the key to the monetary metals market, Kaye tells KWN

Section: Daily Dispatches

4:38p ET Tuesday, August 12, 2014

Dear Friend of GATA and Gold:

Hong Kong fund manager William Kaye today tells King World News that silver is the key to the monetary metals market.

"Trading in the paper market for silver doesn't reflect the fundamentals at all," Kaye says. "This is reflected, among other things, in very significant premiums in Shanghai and other places. So this is not a sustainable situation and it has to be addressed in some way.

"I think for the people who are primarily long gold, and that would include us, this bodes very well because we can anticipate that if silver goes higher, the gold market should follow.”

Kaye's comments are excerpted at the KWN blog here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


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