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Household Name From Top Hedge Fund Caught Manipulating

Today acclaimed money manager Stephen Leeb shocked King World News when he said his friend was at the office of a major hedge fund operator, “... when the instructions the head of the hedge fund was giving to one of his traders was, ‘Sell it, and sell it stupid. And make sure people just don’t know where the selling is coming from and why it’s coming.’”

The acclaimed money manager also added, “... there is tremendous vested interest in promoting paper money. When you have that kind of vested interest, people aren’t going to go down without a fight, and I think all year long you have seen desperation at play in the gold market.”

Here is what Leeb had to say in this KWN exclusive: “I’ve never seen a situation like this. It really does suggest somebody out there is trying to keep gold from blowing the cover off the fact that currencies are being trashed, and are becoming more and more worthless by the day. They are pretty brilliant at it (the manipulation of gold). That’s how hedge funds and anyone that’s doing this operates.”

Stephen Leeb continues:

“A friend of mine walked in the office of a major hedge fund operator, a name everybody would recognize (a household name)....

Continue reading the Stephen Leeb interview below...

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“And he was there when the instructions the head of the hedge fund was giving to one of his traders was, ‘Sell it, and sell it stupid. And make sure people just don’t know where the selling is coming from and why it’s coming.’

The point is when people see things going down they say, ‘There’s a shoe that’s going to fall. What is it? I better get out before it falls.’ Well, when (it turns out) there is no shoe, the thing just sort of takes off (to the upside). And that’s what you are seeing here (in gold).

The jig is up because there are a lot of people that sense this kind of selling, which is so against any kind of logic, Eric, makes no sense whatsoever. So (they are) selling gold against an incredibly positive background. People are worried about some shoe that’s going to drop (in gold).

(They think) something crazy is going to happen that’s going to drive all of these (gold) assets into the ground. It won’t happen. And when people get the sense it’s not going to happen, you are going to get this rubber band effect that will send this stuff (gold & gold stocks) flying.

Word to the wise, there is tremendous vested interest in promoting paper money. When you have that kind of vested interest, people aren’t going to go down without a fight, and I think all year long you have seen desperation at play in the gold market.

When you step back, with all of the desperation, with all of the manipulation, gold is still up year-to-date. They’ve been unable to hold it back.”

This is Stephen Leeb’s most powerful interview ever on the gold market. He discusses his friend being at the top hedge fund when manipulative instructions were given, the gold and silver smash at length, and when it will end, gold manipulation, as well as Europe, the mining shares, and what to expect going forward. The KWN interview with Stephen Leeb is available now and you can listen to it by CLICKING HERE.

Dr. Stephen Leeb: Chairman & Chief Investment Officer of Leeb Capital Management and the

author of “Red Alert: How China's Growing Prosperity Threatens the American Way of Life”

Just released, to order from Amazon CLICK HERE.

The interviews with Dr. Stephen Leeb, Rick Rule, James Turk, Egon von Greyerz, Jean-Marie Eveillard, Bill Fleckenstein and Art Cashin (UBS $612 billion) are available now. Also, be sure to listen to other recent KWN interviews which included, Jeffrey Saut (R.J. $360 billion), John Embry and Gerald Celente by CLICKING HERE.

Eric King

KingWorldNews.com

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