Massive Paper Gold Selling Eclipses Annual Mine Production!
April 16, 2013
With incredible turbulence in the gold and silver markets, today John Hathaway informed King World News that the massive two-day paper selling in the gold market unbelievably eclipsed the entire annual production of every gold mining company in the world. KWN was given exclusive distribution rights to this outstanding piece by superstar John Hathaway of Tocqueville Asset Management L.P.. John is without question one of the most respected institutional minds in the world today regarding gold, and his fund was awarded a coveted 5-star rating.
By John Hathaway, Tocqueville Asset Management L.P.
Massive Paper Gold Sales Eclipse Annual Mine Production
April 16 (King World News)
Gold bullion prices have been subjected to a cleverly orchestrated bear raid in our opinion. Selling of paper Comex contracts on Friday, April 12th, and Monday, April 15th, totaled 1 million contracts, exceeding global annual gold production by 12%. The attack succeeded when the technical support in the low $1500’s/oz. easily gave way and led to waves of forced selling. The volume is without precedent and has all the characteristics of a panic liquidation driven by naked short selling….