Saturday, April 12, 2014

Gold Delivery Strains Reappear & What Might Destroy COMEX

Today an outspoken hedge fund manager out of Hong Kong spoke with King World News about delivery strains in the gold market reappearing and what might destroy the COMEX.  William Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, also discussed the major problems the entities managing the gold market are now facing.  Below is what Kaye had to say in this timely interview.
Kaye:  “Gold is still trading in a very narrow range.  I find this to be interesting, especially with all these heightened geopolitical tensions, as well as the recent FOMC minutes, which showed a scaling back in the timetable for any possible future tightening of monetary policy….
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