Gold & Silver Smash & What Soros & Major Players Are Doing
May 20, 2013
Today one of the savviest and well connected hedge fund managers in the world spoke with King World News about the high volume takedown in the gold and silver markets and what major players such as Soros and other are doing right now. Outspoken Hong Kong hedge fund manager William Kaye also discussed who is on the buy side of all of this selling. Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, had this to say in this tremendous interview.
Kaye: “This is unusually high volume of trading in gold and silver in Asia. We have already traded about 45,000 contracts and it’s still very early in the trading day. But as I said, that’s unusually high volume.
The suppression of the metals, which became pretty intense during US trading on Friday, has continued in the very thin Asian trading. So this is a pretty interesting setup. It’s clear that wherever they want to push the price of gold and silver they are not done yet….