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From 'QE to infinity' to 'zero rates to infinity,' Kaye tells King World News
2:55p ET Thursday, December 19, 2013
Dear Friend of GATA and Gold:
Hong Kong fund manager William Kaye tells King World News today that gold's decline after Thursday's statement by the Federal Reserve was counterintuitive in a market sense but predictable in a market-rigging sense. The Fed's statement, Kaye says, actually removed the criteria for raising interest rates. "What they've replaced 'QE to infinity' with," Kayes says, "is 'a zero-bound rate to infinity.'" An excerpt from his interview is posted at the King World News blog here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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