Today one of the savviest and most well-connected hedge fund managers in the world warned King World News that when it comes to the end game, “(people) need to understand that what’s likely to happen is probably even worse than their worst nightmare.” He also cautioned, “when the day of reckoning comes, money center banks are not going to be a safe place to be.” William Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, also spoke about the ongoing war in gold, and a major power-move the Chinese government against Western Bullion banks, in this chilling and powerful interview.
Kaye: “As we get into November things are likely to change radically (in the gold market). I had my staff look at the seasonality of gold trading earlier this week. It’s late here in Hong Kong but if I remember the data, November has been one of the best months of the year for a number of years for gold.
The average gain over the course of November was 4.9% to 5% for the last 10 years. That’s astonishing when you think about it. I’m told from our sources that the premiums in India are as high as $200 an ounce, which is just mind-boggling because of the controls that have been place on gold by the Reserve Bank of India….
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