Today one of the savviest and well connected hedge fund managers in the world spoke with King World News about the smash in the gold and silver markets and what to expect going forward. Outspoken Hong Kong hedge fund manager William Kaye also discussed the stunning volume in the gold and silver markets, as well as the suspect nature of the trading, and the propaganda coming out of the U.S. Federal Reserve. Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, had this to say in his tremendous interview.
Eric King: “We are in the midst of a massive gold and silver plunge here, Bill. What are your thoughts on the action we are seeing?”
Kaye: “It’s the end game of a fantastic manipulation of the markets. I’m looking at my screen now as we talk, Eric. I’m in L.A. (Los Angeles), but we are still in Asian (trading) time with London just coming in at the moment, and we’ve traded over 94,000 contracts.
So passing the baton to London we will have already traded 100,000 contracts. A normal night (during Asian trading) would be 20,000, to put that in perspective. So the question is, who is selling all of these contracts at levels that are multi-year lows? Who’s so keen to sell?....
Continue reading the William Kaye interview here:
We have been saying for quite a while now that at some point the bankster conspiracy would lose their ability to control the price of silver and gold, when the petro-dollar federal reserve note gets close to hyper-inflation driven by the FED and their printing of paper currency out of thin air and injecting it into the world economy. Most of the so called "quantitative easing" has been nothing but criminal inflation of the money supply to shore up the banks, and virtually NONE of that money gets into the hands of main street. It virtually all goes to the elite bankers, who are now about to crash the stock market and jump into gold and silver, driving the price through the roof.
They are smashing the prices of gold and silver by criminal conspiracy and manipulation so they have some place to put their huge fortunes when the stock market crashes once again, only this time it's for keeps. This time there will be no going back. This time their will be absolute Chaos world wide and a total reset of the whole paper currency concept on a world scale.
You might have one last chance to protect yourself, that is if you move immediately, out of paper or anything enumerated in federal reserve notes, and into something with real value. If you don't have your long term food stored up, and all other essentials like guns, ammo, dry goods, fuel, water purification, a way to generate power, oil for your car and maybe and extra set of tires, then you have NO business buying precious metals. But if you are covered on that score, RIGHT NOW will be your absolute best chance at getting silver at a very reasonable price before it goes out of reach in the next 6 months or so.
IF YOU DON'T BELIEVE ME read the entire article above several times and let it sink in real good.
IT'S THE END GAME FOR PRECIOUS METALS and the entire world economy folks. It's not like we have not warned you before, but this time we are really trying to make you understand that we are at the point of no return. Read that article again above and then go to http://www.teapartysilver.com/silverforsale.html and do something about it.