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Fund manager Kaye disparages technical analysis in gold
2:22p ET Monday, June 10, 2013
Dear Friend of GATA and Gold:
Hong Kong-based hedge fund manager Bill Kaye today tells King World News that gold price manipulation may be heavier this week because Chinese markets are closed until Thursday. Kaye adds that the reading of price charts in gold, technical analysis, is valuable at best only in the short term and "only because other people look at them."
Kaye expects a currency collapse. "What we are going through now is a fiat currency architecture that's really on the precipice of self-destructing," he says. "Paper currencies throughout history have never worked. It has always ended badly. They've always collapsed under their own weight because governments have always abused them."
An excerpt from the interview is posted at the King World News blog here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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