Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench

Burn the paper gold shorts, Pacific Group's Kaye tells King World News

IMG Auteur
Published : January 30th, 2013
155 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : GoldWire

Hong Kong-based fund manager William Kaye of Pacific Group today gives King World News an incendiary interview about liberating the gold market from the stranglehold of imaginary paper gold.

Kaye, who told Bloomberg News a week ago that Pacific Group is taking delivery of $35 million worth of gold bars to be stored in a vault in Hong Kong (http://www.gata.org/node/12150), says today that "if even a small fraction" of gold investors "start doing what we are doing and what others are doing, it will create the biggest short squeeze in any financial instrument in the history of the world."

"It's already happening," Kaye adds. "It's happening quietly for the most part at the moment. I think the potential here is that what is starting as a trickle could become a flood."

An excerpt from the interview, the first of what are to be three parts, is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_Da...2013/1/29_Ex...

Data and Statistics for these countries : Hong Kong | All
Gold and Silver Prices for these countries : Hong Kong | All
<< Previous article
Rate : Average :0 (0 vote)
>> Next article
Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
WebsiteSubscribe to his services
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Mining Company News
Royal Dutch Shell(Oil)RDSA.AS
Hull damage forces Shell Arctic support ship in for repairs
€UR 24.84-1.97%Trend Power :
Corporate news
Royal Dutch Shell(Oil)RDSA.AS
Oil & Gas Stock Roundup: BP Resolves GoM Claims for $18.7B, Shell OKs Appomattox Project - Analyst Blog
€UR 24.84-1.97%Trend Power :
Corporate news
NextEraNEE
FPL announces plans to move forward with next major investment in continued modernization of its power plant fleet, building on successful strategy of advancing affordable clean energy in Flori
US$ 102.88+2.41%Trend Power :
Corporate news
Scorpio GoldSGN.V
Scorpio Gold Reports Results from 2015 Exploration Drilling at the Bluelite North Target Area, Mineral Ridge Project, Nevada
CA$ 0.12-4.17%Trend Power :
Corporate news
Manas Resources(Au)MSR.AX
7 July - Board Changes
AU$ 0.01+0.00%Trend Power :
Corporate news
Excelsior MiningMIN.V
Excelsior Announces Updated Mineral Resource Estimate
CA$ 0.38-2.60%Trend Power :
Corporate news
Alcoa Inc.AA
With global economic policies hamstrung, investors turn to earnings
US$ 11.06+0.27%Trend Power :
Corporate news
Alcoa Inc.AA
July 7 Premarket Briefing: 10 Things You Should Know
US$ 11.06+0.27%Trend Power :
Corporate news
Alcoa Inc.AA
Why The Container Store and Alcoa need to beat earnings
US$ 11.06+0.27%Trend Power :
Corporate news
Anaconda Min.(Au)ANX.TO
Kevin Bullock Joins Board of Directors of Anaconda Mining
CA$ 0.05+0.00%Trend Power :
Nominations
Comments closed