Stunning 90 Tons Of Paper Gold Used To Smash Gold Market
November 8, 2013
On the heels of continued volatility in global markets, a 42-year market veteran told King World News that a stunning “90 tons” of paper gold selling was used to create the smash in the gold market today. Hathaway, who is one of the most respected institutional minds in the world today when it comes to gold, and whose fund was awarded a coveted 5-star rating, also discussed what people should expect next in the gold and silver markets.
Hathaway: “You get these attacks (on gold) surrounding these data releases, like this morning’s employment report, and there were 90 tons of synthetic supply dropped on the market, met by a lot of physical buying….