This Is Why The Price Of Gold & Silver Was Crushed Today
September 12, 2013
Today one of the savviest and most well-connected hedge fund managers in the world spoke with King World News about the takedown in gold and silver. Outspoken Hong Kong hedge fund manager William Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, had this to say in his powerful interview.
Kaye: “The capping strategy is in place. There is no evidence as of yet that the Fed and the BIS, who I am certain are behind all of this, have the capability, even if they wanted to, to push things much lower because they don’t have the physical gold that would be necessary to be delivered.
But they do have the ability in markets, that still aren’t quite as liquid as they are normally, to push prices around a bit and create some downside volatility….