We Are Very Late In The End Game – “It’s Close To Game Over”
August 15, 2013
Today one of the savviest and most well-connected hedge fund managers in the world warned King World News that we are now very late in the final “end game.” Outspoken Hong Kong hedge fund manager William Kaye also warned, “It’s close to game over.” He also spoke about what is happening behind the scenes in the ongoing war in the gold market. Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, had this to say in his fascinating and powerful interview.
Kaye: “There are serious strains in the (gold) system. I’ve never witnessed such a serious strain in my lifetime in terms of the backwardation of gold, and in terms of the lease rates being negative for such an extended period of time. This suggests that there are two forces at work: One is that there are serious strains in the system — that the bullion banks are struggling to come up with the physical gold for spot delivery that the market demands.
The second is that trust is also leaving the system….