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Kaye:  “It’s apparent to me that the orchestration against gold is not over.  The paper gold market is the dog wagging the tail of the real gold market, the physical gold market, which is still incredibly robust.  In my area of the world, Chinese demand, Indian demand, and so forth, is very strong. 


So, your listeners (and readers) need to be clear that we have none of the characteristics of a bear market (in gold).  Gold is still very much in a bull market, but that’s physical gold.  The claims on paper gold exceed physical gold by roughly 93 to 1....


Continue reading the William Kaye interview below...




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“Those aren’t my numbers, those are the Reserve Bank of India’s calculations, and they are the ultimate insider.  So at 93 to 1 you (as manipulators) have a chance to use that leverage, until you can’t, to try to dictate prices. 


And prices are now being dictated in terms that are very favorable to people looking to buy gold, which certainly is the Chinese, the Reserve Bank of India, the central bank of Russia, and so forth.  We also continue to buy gold.  We consider this to be very attractive levels, so we continue to buy.”


Eric King:  “Bill, there is a big buyer just below the market here isn’t there?”


Kaye:  “At the moment, yes.  Right around the $1,305 to $1,310 level there is a huge sovereign buyer.  I suspect it’s China ... They are clearly running out of gold.  This is clear from the continued backwardation of gold, and the continued negative GOFO rates, which is basically the same thing.


It’s very obvious to me that the parties which are orchestrating this manipulation are running out of physical metal necessary to orchestrate the manipulation ... If we can just get it (this downside move) over with in the next couple of weeks that would be fantastic. 


Then gold would migrate much higher and we would seek the equilibrium price for gold, which in my opinion is well above $2,000 an ounce, absent manipulation, and possibly $3,000 an ounce.  It’s going to be very good times for people who were able to endure the pain.”


***IMPORTANT - In his audio interview William Kaye discusses a possible surprise in the gold market.  He also spoke about secret agreements between countries involving the gold market.  The KWN audio interview with William Kaye is available now and you can hear to it by CLICKING HERE.


© 2013 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.


The audio interviews with William Kaye, Dr. Paul Craig Roberts, Chris Powell, Michael Pento, Eric Sprott, Andrew Maguire, Grant Williams, Bill Fleckenstein, Pierre Lassonde, Art Cashin and Egon von Greyerz are available now. Also, other outstanding recent KWN interviews include Marc Faber and Felix Zulauf to listen CLICKING HERE.


Eric King

KingWorldNews.com

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